The first major Ethereum ETF was announced on Friday, and a confirmed date for the next Ethereum Hard Fork is moving towards ETH 2.0.
The Ethereum Hard Fork, Berlin, is scheduled to arrive more in April this year. We are looking at it being launched by the 14th of April, just mere inference. This will bring in essential things such as streamlining gas for better efficiency, setting the groundwork for the transition for Ethereum 2.0. This is one of the final phases before ETH 2.0 becomes fully functional.
There are now over a thousand validators running the ETH 2.0 chain; this is an unprecedented level of decentralization which means that when ETH 2.0 launches, it is going to be very decentralized. It also indicates the amount of financial belief in Ethereum 2.0 becoming a reality as this exemplifies more than 3.2 million ethereum dollars worth over five billion dollars. There are five billion dollars of money put in the belief of the launch of ETH 2.0.
The first-ever Ethereum ETF is coming to reality; a Canadian company called CI Financial officially filed to list Ethereum ETF on Canadian stock exchanges.
The fact that Canadian regulators just approved two Bitcoin ETFs means that this Ethereum ETF will get approved. The Bitcoin ETFs trading in Canada are very popular, and we hope the Ethereum ETF will be very popular because it is an excellent option for investors with a lower premium than Grayscale.
Canada is now leading the way when it comes to ETFs; this will be huge for institutions that want access to Ethereum without them having to pay insane amounts of money, all in the name of fees.
A Swiss exchange called Six Swiss launched an Ethereum ETP, which is somewhat similar to an ETF. This is not as big as being launched on a Canadian stock exchange, but besides, half a bread is better than none, as everyone says.
All these came at the end of the month in which we saw the CME listing Ethereum futures which means that in the past three weeks, we have seen four significant on-ramps either launched or announced to be launching anytime soon. This will allow insane amounts of institutional money to start flooding into Ethereum. This is very bullish.
The institutional money flood alone will bring Ethereum to a five-digit price tag. The value proposition for Ethereum is gradually becoming understood and realized by the big money players.
