Time to Buy Ether ETFs on Approval Rally Hopes?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 09 2024
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Source: NASDAQ.COM
- Ether ETF Launch Delay: The launch date for spot Ether ETFs may be postponed to mid or late July due to SEC feedback on S-1 forms.
- Growing Popularity of Ether ETFs: A survey shows increasing acceptance of Ether ETFs among Americans, with expectations that it will become part of investment portfolios.
- Anticipated Capital Inflow: Analysts predict up to $15 billion in capital inflow in the first few months after approval of Ether ETFs.
- Cryptocurrency as an Alternative Investment: Expectations of a Fed rate cut in late 2024 could drive investors towards cryptocurrencies as an alternative to the depreciating dollar.
- ETF Opportunities: Highlighted ETFs with heavy exposure to Ether offer investors a chance to profit from future market moves as SEC approval nears.
Analyst Views on AETH
Wall Street analysts forecast AETH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AETH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 35.066
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Current: 35.066
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
