After the U.S. Securities and Exchange Commission (SEC) greenlit multiple spot ethereum exchange-traded funds (ETFs), ether's price has remained relatively stable, fluctuating between $3,640 to $3,740 over the past 12 hours. Despite expectations of a significant uptick following the approval rumors, there hasn't been any substantial movement in the market. Market observers are now speculating whether a significant surge will occur once the ETFs become available for trading.

The subdued performance of Ethereum's price post-SEC approval contrasts with the anticipation surrounding the 19b-4 filings. Currently, ETH is trading at around $3,692 per unit, experiencing a 2.3% drop in U.S. dollar value since the SEC approvals. However, over the past week, ETH has witnessed a notable 21% gain.

Although the 19b-4 filings received approval, it's crucial to note that this is just the beginning of the process. James Seyfarrt emphasized that trading won't commence immediately, as there's still a need for approval on the S-1 documents, which could take several weeks or longer.

Despite ETH currently trading over 23% below its all-time high (ATH) of $4,878 per coin recorded on Nov. 10, 2021, there's speculation that a surge in value may occur once the ETH ETFs hit the market and start attracting ether from investors.

Meanwhile, the Grayscale Ethereum Trust (ETHE) has been trading at a discount for an extended period, with its discount to net asset value (NAV) showing significant improvement. However, similar to GBTC, ETHE could experience substantial reductions in reserves due to significant outflows of ETH.

If the incoming demand from other ETH ETFs fails to counterbalance potential outflows, ETHE might exert downward pressure on the ETH market. Ultimately, the impact of these ETFs on the ether spot market will depend on how successfully they navigate the S-1 process and achieve listing.

What are your thoughts on ether's market performance post-SEC approval of spot ether ETFs? Feel free to share your insights and opinions on this matter in the comments seAfter the U.S. Securities and Exchange Commission (SEC) greenlit multiple spot ethereum exchange-traded funds (ETFs), ether's price has remained relatively stable, fluctuating between $3,640 to $3,740 over the past 12 hours. Despite expectations of a significant uptick following the approval rumors, there hasn't been any substantial movement in the market. Market observers are now speculating whether a significant surge will occur once the ETFs become available for trading.

The subdued performance of Ethereum's price post-SEC approval contrasts with the anticipation surrounding the 19b-4 filings. Currently, ETH is trading at around $3,692 per unit, experiencing a 2.3% drop in U.S. dollar value since the SEC approvals. However, over the past week, ETH has witnessed a notable 21% gain.

Although the 19b-4 filings received approval, it's crucial to note that this is just the beginning of the process. James Seyfarrt emphasized that trading won't commence immediately, as there's still a need for approval on the S-1 documents, which could take several weeks or longer.

Despite ETH currently trading over 23% below its all-time high (ATH) of $4,878 per coin recorded on Nov. 10, 2021, there's speculation that a surge in value may occur once the ETH ETFs hit the market and start attracting ether from investors.

Meanwhile, the Grayscale Ethereum Trust (ETHE) has been trading at a discount for an extended period, with its discount to net asset value (NAV) showing significant improvement. However, similar to GBTC, ETHE could experience substantial reductions in reserves due to significant outflows of ETH.

If the incoming demand from other ETH ETFs fails to counterbalance potential outflows, ETHE might exert downward pressure on the ETH market. Ultimately, the impact of these ETFs on the ether spot market will depend on how successfully they navigate the S-1 process and achieve listing.

What are your thoughts on ether's market performance post-SEC approval of spot ether ETFs? Feel free to share your insights and opinions on this matter in the comments section below.ction below.