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US Election 2024: Nearly 25% of Voters Eye Investments in Ethereum Spot ETF

This is an election year in the United States. US voters are currently discussing several important topics, including crypto. A recent survey report indicates that voters, especially younger ones, are curious about crypto. As this month is likely to witness the launch of Ethereum spot ETFs, let’s see whether the report has something to say about this crypto development. There must be something! Don’t you feel so?

Grayscale Survey Report: An Intro 

The report was prepared based on a survey conducted by Harris Poll and created for Grayscale, a prominent digital current asset management company. The survey aimed to understand the main priorities of US voters in this election year. This Phase 2 survey also evaluated whether any shift in the voters’ priorities has happened since the Phase 1 survey, conducted in November last year.  

Grayscale Report on Ethereum Spot ETFs

The report indicates that the US electorate is optimistic about the proposed launch of Ethereum Spot ETFs. Nearly 25% of US voters would be more interested in investing in Ethereum if the Spot Ethereum ETFs were launched. 

Ethereum Spot ETFs: Status Review 

Initially, the first batch of Ethereum Spot ETFs was expected to be released in the first week of July. But, the US Securities and Exchange Commission delayed the launch. As per a latest report, the SEC has taken additional time to return the S-1 forms submitted by Ethereum Spot ETF issuers. It has requested resubmissions by July 8. Considering these developments, the launch is less likely to happen before mid-July.

Grayscale Survey Report: A General Overview 

The report provides enough indications that the overall acceptance of cryptocurrencies has recently increased. The crucial survey finding that nearly half of the respondents expect to include cryptocurrencies in their portfolios is a clear testimonial of this new trend. In the Phase 1 survey, only less than 40% showed interest in including cryptos in their portfolios. 

In short, what the latest survey reveals is that though US voters continue to maintain similar priorities, their degree of enthusiasm towards crypto has witnessed a massive positive boost in the present phase, compared to Phase 1. If things progress in this direction, this election may become the US’ first ‘Crypto Election.’   

Stay tuned to Coinpedia for more updates on this!

Read Also: Crypto Market Reversal: Is This the Right Time to Buy Bitcoin?

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