📅 July 11, 2025 | London, United Kingdom
In the last 24 hours, Ethereum (ETH) once again made global headlines by climbing close to $3,400 USD, rekindling the hopes of traders, holders, and analysts who are closely monitoring every clue about the possible approval of new spot ETFs outside the United States. Eyes are especially focused on Europe and Asia, two regions that could make a difference for ETH if they replicate the impact of the Bitcoin spot ETF in the US, a milestone that shifted institutional flows toward crypto in early 2024.
This new wave of rumors is shaking Telegram chats, X threads, and Reddit forums, where the community is debating: Are we on the cusp of a new rally for ETH or another episode of "buy the rumor, sell the news"?
It all started this Monday, when unconfirmed reports emerged that two major European asset managers had submitted formal applications to EU regulators to launch the first Ethereum spot ETF approved on European soil. Meanwhile, in Asia, there is talk of renewed interest from financial institutions in Hong Kong and Singapore, two key hubs for the institutional adoption of digital assets. The impact on the price was immediate: in just 48 hours, ETH went from $3,200 to nearly $3,400**, driven by speculative buying and traders seeking to repeat the move that catapulted Bitcoin to new highs when its spot ETF was announced in the US.
Analysts from firms like Glassnode warn that an Ethereum spot ETF would open the door for large pension funds, banks, and family offices to gain exposure to ETH without the complexity of safeguarding private keys or dealing with centralized exchanges. “For many traditional investors, an ETF is the perfect gateway to gaining exposure to crypto without radically changing their compliance infrastructure,” they explain in a recent report.
However, history teaches us that rumors can be a double-edged sword. While sentiment is bullish, some point out that approval of financial products in Europe tends to be slower and more demanding than in the US and Canada. On the other hand, Asian regulators have proven to be pragmatic but cautious, especially with products that could impact the stability of the local financial system.
Meanwhile, veteran traders recommend not getting carried away by the hype alone. “While the Bitcoin ETF was a tremendous catalyst for its price, Ethereum faces its own challenges: technical updates, fierce L2 competition, and potential regulatory changes,” comments Luis C., an independent crypto analyst.
DeFi trading volume on Ethereum also shows a slight uptick, reflecting that some users are taking advantage of the opportunity to move liquidity, lock ETH in staking, and position themselves for a potential wave of fresh capital. Can ETH repeat BTC's history, or is this just another temporary spike in a market that is increasingly reactive to rumors?
Topic Opinion:
Seeing how ETH remains the epicenter of Web3 innovation reaffirms to me that its value is not just price: it is living infrastructure. The potential for a spot ETF is enormous, but as I always say: hype is a powerful weapon, both for boosting and shattering the dreams of impulsive investors. Whether it's approved soon or not, the lesson is clear: research, diversify, and accept that the crypto market is driven more by confidence and narrative than certainty.
If Ethereum achieves this milestone in Europe or Asia, it would be another step toward global institutional legitimacy. In the meantime, steady hands, cool heads.
💬 Do you think the approval of a spot ETF for Ethereum will drive a new all-time high? Can ETH replicate Bitcoin's phenomenon, or will its trajectory be different? What strategies do you use to avoid getting caught up in market rumors?
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