# Will ETFs Drive Up ETH?

*Author: Bankless*
*Published: Jul 23, 2024*
*Source: https://www.bankless.com/es/will-etfs-drive-up-eth*

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Will ETFs Drive Up ETH?
    
  

  
  Published on July 23, 2024

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      NEED TO KNOW
    
    
  
  
    
ETH ETFs Hit Wall Street
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Group-14--78-.png)](https://www.bankless.com/dashboard)- 🆙 **ETH ETFs Hit Big Milestones in Early Trading. **As expected, the launch is still moving slower than spot BTC ETF debuts.
[*Read more on Bankless.com*](https://www.bankless.com/eth-etfs-launch)
- 🎥 **Trailer for 'Vitalik: An Ethereum Story' Documentary Goes Live.** The crowdfunded project is set to debut the film this September.
[*Read more on Bankless.com*](https://www.bankless.com/trailer-for-vitalik-an-ethereum-story-documentary-goes-live)
- 🧮** Perpetuals DEX dYdX Reportedly Up for Sale.** dYdX has had a busy day, with reports of acquisition talks emerging just as its front-end was hacked.
[*Read more on Bankless.com*](https://www.bankless.com/perpetuals-dex-dydx-reportedly-up-for-sale)
[](https://www.bankless.com/uniswap-extension-browser)

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    MARKET VIBES

  
  

    ETH Shrugs ETF Debut
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Those hoping for an ETF debut god candle for Ethereum were [disappointed](https://x.com/0xbags/status/1815831651936583943) with flat price performance Tuesday, but with the newly launched ETH spot ETFs poised to see more than $1 billion in volumes on their first day, sentiments were still high across the Twittersphere.

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.39T
       

 
    
    ↘2.7%
    
    
  

  
    
    ↗0.4%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $65,604
       

  
    
    ↘3.8%
  

   
    
    ↗1.0%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,469
       

  
    
    ↘0.9%
    
  

   
    
    ↘0.1%
    
  
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/28324.png)
    

  **DYDX**
   
          $1.30

       

  
    
    ↘10.3%
    
  

   
    
    ↘9.0%
    
  

  

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ANALYSIS

  
  
    
   
Will ETFs Drive New ETH Demand?
  
  
   
     
     Bankless Author: 
     
       [
       
       Jack Inabinet](https://x.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/image---2024-07-23T122351.394.png)](https://www.bankless.com/will-etfs-drive-new-eth-demand)After an arduous and unnecessarily prolonged approval process, **spot Ethereum ETFs are finally trading on traditional stock exchanges!**

Crypto has eagerly awaited the launch of these products for multiple years, anticipating that their arrival would provide a direct financial incentive for the world’s largest asset managers to shill Ethereum, catalyzing unprecedented inflows into ETH and resulting in mainstream acceptance for onchain activity.

*Today, we discuss what the future holds for Ethereum’s most watched metric – **price **– in a post-ETF world* 👇

[Read the Analysis](https://www.bankless.com/will-etfs-drive-new-eth-demand)
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