ETFs
Nearly 25% of Voters Consider Investing in Ethereum Spot ETF
It’s an election year in the United States, and voters are interested in a variety of important topics, including cryptocurrency. A recent survey reveals that young voters are particularly curious about cryptocurrency. Ethereum Spot ETF set to launch this month, let’s take a look at what this means for the cryptocurrency conversation.
Is there something big on the horizon? Let’s find out.
Grayscale Investigation Reports
The survey, conducted by Harris Poll for Grayscale, a leading digital currency asset manager, aimed to understand the top priorities of American voters this election year. This Phase 2 survey also compared how voters’ priorities have changed since the Phase 1 survey conducted last November.
The results show that the American electorate is optimistic about the launch of Ethereum Spot ETFs. Nearly 25% of American voters expressed increased interest in investing in Ethereum if these Spot ETFs are introduced.
Ethereum Spot ETF: state of play
Initially, the first batch of Ethereum Spot ETF was supposed to launch in the first week of July. But the US Securities and Exchange Commission has delayed the launch. According to a latest report, the SEC has taken more time to return the S-1 Forms submitted by Ethereum Spot ETF issuers. It requested new submissions by July 8. Given these developments, the launch is less likely to happen before mid-July.
Grayscale Survey Report: General Overview
The report provides sufficient indications of the recent increase in the general acceptance of cryptocurrencies. The crucial result of the survey, according to which almost half of the respondents plan to include cryptocurrencies in their portfolio, clearly testifies to this new trend. In the phase 1 survey, only less than 40% expressed interest in including cryptocurrencies in their portfolio.
In short, what the latest poll reveals is that while American voters continue to maintain similar priorities, their level of enthusiasm towards crypto has seen a massive positive increase in the current phase, compared to Phase 1. If things progress in this direction, this election could become America’s first “crypto election.”
Read also: Cryptocurrency Market Reversal: Is Now a Good Time to Buy Bitcoin?
Are you excited for the potential launch of Ethereum Spot ETFs? We want to hear from you!