Business Daily Media

Men's Weekly

.

Octa's analysts predict possible market volatility with launch of Ether ETFs

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 22 July 2024 - The U.S. SEC has given preliminary approval to at least three of the eight asset managers planning to launch Ether ETFs, allowing them to start trading on 23 July.

This approval depends on the submission of final offering documents. According to Bitwise CIO Matt Hougan, Ether ETFs could have a more significant impact on Ether's price compared to Bitcoin ETFs. Similar to the outflow from Grayscale's BTC ETF during its conversion, the ETH ETF, with its higher 2.5% management fee compared to the typical 0.2%, is likely to experience a $10 billion sell pressure. Kar Yong Ang, Octa analyst, believes that modest inflows are expected before investors exit Grayscale, leading to a potential sell-the-news event.

Octa

Get ready for potential crypto market volatility! This Tuesday, 23 July, Ethereum ETFs may start trading and could trigger a long-term bull run. Will investors' hopes hold true? Take advantage of this critical data release.

According to three industry sources, the U.S. Securities and Exchange Commission has granted preliminary approval to at least three of the eight asset managers planning to launch exchange-traded funds linked to the spot price of ether, allowing them to start trading on 23 July. This approval is contingent on the applicants submitting final offering documents to regulators, with one source indicating that all eight are expected to launch simultaneously.

United States spot Ether exchange-traded funds will have a rough start but could have a bigger impact on the asset's price than Bitcoin ETFs did for BTC, according to Bitwise Chief Investment Officer Matt Hougan.

Hougan provided three main reasons why he believes Ether ETFs will have a greater impact on the asset's price:

1. Ether's effective inflation rate is zero due to the extensive use of Ethereum-based applications compared to the small amount of ETH created daily.

2. Bitcoin miners need to sell Bitcoin to cover operational costs, which are high due to expensive computer chips and significant energy requirements. In contrast, staking ETH has no substantial direct costs.

3. Approximately 28% of all ETH is staked and locked away. ‘Currently, 28% of all ETH is staked, meaning it is effectively off the market,’ Hougan said.

‘The first few weeks could be choppy, as money may flow out of the $11 billion Grayscale Ethereum Trust (ETHE) after it converts to an ETP,’ Hougan stated. ‘By year-end, I’m confident the new highs will be in,’ he added, emphasising not to expect significant results ‘immediately’ given the potential selling pressure similar to what spot Bitcoin ETFs experienced.

‘Do you remember the outflow from Grayscale BTC ETF during conversion due to high management fees? Now, a similar situation is happening with their ETH ETF. Most have a 0.2% management fee, but Grayscale charges 2.5%. Expect a $10 billion sell pressure on ETH, with likely modest inflows before everyone exits Grayscale. Anticipate a sell-the-news event,’ said Kar Yong Ang, Octa analyst.
Hashtag: #Octa

The issuer is solely responsible for the content of this announcement.

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 42 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

News from Asia

The "Colorful Guizhou Style" once again swept the Washington Chinese Culture Festival, and the charm of Guizhou continuously attracts more followers from all over the world

WASHINGTON, US - Media OutReach Newswire - 1 September 2025 - On August 30, 2025 (US time), the 23rd Washington "Chinese Culture Festival" themed on "Meeting China · Experiencing China" was grandl...

Quality HealthCare Opens New Flagship Clinic in Prince’s Building

Supporting Wellness and Preventive Care in CentralHONG KONG SAR - Media OutReach Newswire - 1 September 2025 - Quality HealthCare Medical Services (QHMS) has opened its new flagship clinic on the ...

IVD Medical Holding (01931.HK) Acquires 20.31% Stake in GoFintech Quantum for HK$3.142 Billion, Building a New Frontier in the On-Chain Financial Ecosystem

HONG KONG SAR - Media OutReach Newswire - 1 September 2025 - IVD Medical (01931.HK) announced that on September 1, 2025, the Company and its wholly-owned subsidiary, Final Touch Ltd. (the "Purchas...

GEG Unveils New Office in Singapore Marking a Landmark Advance for its International Growth Strategy

MACAU SAR - Media OutReach Newswire - 1 September 2025 - In a landmark move to deepen regional ties and expand its international footprint, Galaxy Entertainment Group (hereinafter as "GEG") proudl...

Hang Lung Rolls Out 65th Anniversary Nationwide Promotions

Connecting thousands of community members with the annual Volunteer DayHONG KONG SAR and SHANGHAI, CHINA - Media OutReach Newswire - 1 September 2025 - Hang Lung Properties Limited (SEHK stock cod...

Skyborn secures all major contractors for Gennaker offshore wind farm

HAMBURG, GERMANY - EQS Newswire - 1 September 2025 - Preferred Supply Agreements (PSAs) have been awarded for supply of monopile foundations to EEW Special Pipe Construction GmbH, transiti...

Decoding Yucun: How a Village’s Inspiring Evolution Illustrating China’s Green Growth Philosophy is showcased on National Ecology Day

HUZHOU, CHINA - Media OutReach Newswire - 2 September 2025 - A series of activities highlighting ecological progress were held on August 15th as the country embraces its third National Ecology Day...

Vietnam Tells Its 80-Year Journey at a World Top 10 Exhibition Venue

As the first event held at the newly inaugurated Vietnam Exposition Center in Hanoi, the exhibition titled “80 Years of Independence - Freedom - Happiness” has become a symbol of a modern, ambitiou...

Cata Debuts Game-Changing All-in-One App Platform for F&B and Retail Operators

Launch your own branded mobile app with omni-channel loyalty, online ordering, and CRM in days—no coding requiredSINGAPORE - Media OutReach Newswire - 2 September 2025 - Cata today launches its gr...

Fifty-three percent of Malaysian Employees Aged 30-34 may Switch Jobs in the Next Year: Aon

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 2 September 2025 - Aon plc (NYSE: AON), a leading global professional services firm, has released insights from its 2025 Malaysia Employee Bene...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Sell by LayBy