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Ethereum (ETH) exchange-traded funds (ETFs) might be launched as early as May 2024 if approved by the US Securities and Exchange Commission (SEC). The approval of Bitcoin (BTC) ETFs has opened the door for other cryptocurrencies to get the new asset class and many crypto experts believe Ethereum is next in line.
The SEC met with some applicants in March but opted to postpone its decision until May 23. Some believe Ethereum getting an exchange-traded fund is virtually guaranteed since Bitcoin ETFs are already a reality, while others like James Seyffart, a Bloomberg analyst, believe the odds are slim given the noticeably fewer engagements the SEC has had with potential issuers compared to Bitcoin’s approval process.
Ethereum exchange-traded funds being approved or denied won’t have much impact on InQubeta’s’ (QUBE) growth as its presale is now one of the top ICOs with over $13.5 million raised in token sales. InQubeta’s early investors have grown their capital by 300% and analysts expect tokens to surge by over 10x once launched on exchanges after the presale ends.
Analysts declare InQubeta (QUBE) is the best crypto to invest in now
InQubeta intends to become one of the best DeFi coins ever created as it looks to make artificial intelligence (AI) investments open to all. InQubeta plans to use its capabilities from being launched on the Ethereum network to create a simpler way for regular investors to reach investment opportunities in AI.
The AI industry has boomed in the last several years, leading to investments in the technology growing by over 1,000%. About $120 billion is now invested in firms in the AI sector, and the figure is expected to rise to $1.5 trillion by 2030.
The stream of investment funds into the AI space positions InQubeta for exponential growth. It makes it easier for firms to raise capital while providing open access to investment opportunities.
AI startups can use InQubeta’s investment space to raise capital by selling non-fungible tokens (NFTs) symbolizing investment opportunities they have to offer investors. These tokens are sold on the marketplace for QUBE. The ERC20 coins sold in the investment space are digital versions of stocks. They represent equity in the companies selling them and, sometimes, additional bonuses like profit-sharing.
InQubeta investors can earn profits by purchasing and holding QUBE. It’s priced at $0.028 now, but tokens could be worth more than $100 each in the next several years. Some analysts have compared InQubeta’s growth potential to where Bitcoin was a decade ago.
The fate of Ethereum (ETH) ETFs will be decided in May
Cryptocurrency traders will find out if Ethereum will get a spot exchange-traded fund on May 23, the SEC’s deadline to rule on some pending applications. While analysts like James Seyffart don’t believe ETH ETFs will be approved soon, the most likely outcome is for the SEC to give the green light since Bitcoin has already paved the way for other exchange-traded funds.
Many analysts in the cryptocurrency space agree that Ethereum ETFs will be approved in May or, at the latest, before 2024 ends.
Is Monero (XMR) getting ready for a surge?
XMR’s price has been volatile for most of the year, but it seems to be gaining momentum, given the 2% growth it has enjoyed in the past seven days.
Summary
QUBE and ETH are some of the best altcoins to buy now, while XMR might be a good short-term investment. QUBE will probably see the most growth in 2024 with some experts predicting a 1,000% surge once launched on exchanges.
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