Will ETF affect crypto trading?

[Henrywrites]

We've seen how Bitcoin getting ETF approval affected retail traders. Do you think Ethereum and Solana getting approval going to affect how retail traders trade in the market?

 

[Nomad]

I don't think so. As of now, crypto ETFs are available only in the United States (I have also heard that EFTs are also available in Hong Kong, but i am not sure), therefore, the rest of the world are just in crypto trading.

 

[Riberet19]

The ETF by moving a lot of capital can move the price, but for example, it depends on the type of trading you want to do, if you do day trading or scalping, I don't think it will affect much

 

[Panujabka]

ETF approvals can definitely influence crypto trading. We've already seen Bitcoin's ETF impact, and I think Ethereum and Solana getting approval will likely bring more retail traders into the market, potentially increasing volatility and trading volumes. For those diving into trading, here's a useful resource: https://proptraderhub.com/myfundedfutures-discount-code/.

 

[Nomad]

The ETF by moving a lot of capital can move the price, but for example, it depends on the type of trading you want to do, if you do day trading or scalping, I don't think it will affect much

Technically it can, but it did not, right? I mean look at Bitcoin price, it went $73K when ETF approval was near but once BTC ETF started trading, look at the price.