BlackRock Ethereum ETF Plan - will ETHER sky rock now?

[clemens]

BlackRock wants to create an ETF that holds Ethereum's ether (ETH), a plan that deepens the world's largest asset manager's commitment to cryptocurrencies.
Following the news, ETH's price surged to its highest level of the day near $2,100, up about 3% versus just before the filing came out. It later gave back about half that gain, though it remains up about 9% versus 24 hours earlier.

source: https://www.coindesk.com/business/2...ereum-etf-plan-is-confirmed-in-nasdaq-filing/

As I understand it, BlackRock has plans to launch ETFs for Ethereum. That's a great plan - does it mean that we can expect Ethereum to double in price or even triple or quadruple in a very short time?

 

[TheCryptoAnt]

No, focus on BTC in this run up.

Some alts will outperform yeah, SOLANA being one of them, but ETH wont.
Look at ETH/BTC

 

[fshore]

Will the eth etf be staked?

 

[JackAlabama]

eth has a too high of a unit bias to be cutting it in shitcoinland this time.
Better to yolo into sol or some doggie.