Does a coin having ETF approval mean the coin would likely rise?

[Niyi Br]

I see so many people now talking about litecoin getting ETF approved by SEC. I bet you some people that I know have already bought lots of litecoin believing that it would get SEC approval for it's ETF.

What does ETF approval really do for the value of a crypto coin?

 

[Pearl]

I have read so many crypto consultants encouraging their followers to look at litecoin because of its proposed ETF.

 

[Laurentta]

EFT approval can be a positive development for a cryptocurrency but it is not a guarantee that the coin's price will rise.

 

[Suba]

If a coin having ETF is approved then the crypto will be adopted globally both in the crypto market and in the capital market, so that many investors who participate will make the price rise.

 

[Nomad]

Well, ETH approval is likely to improve the coin value because it will make crypto main stream but it doe snot guarantee.

 

[magnus2022]

ETF simply means exchamge traded fund. If SEC approves litecoin, it simply means that litecoin will soon be traded as a mutual fund in SEC.

 

[riberet19]

It can be a good indicator of a possible rise when the ETF is approved or when it is close to approval; likely the asset will rise a bit before the approval since the market always discounts expectations.

 

[Min George]

But even with the Ethereum ETF that was approved by the SEC, it has not done anything to the price of the token.

 

[gwolf666]

As you have been told in the previous comment, Ethereum has it and yet its price has not risen in value at all, so clearly I do not think it will benefit at all, at least as far as its value is concerned, as you are asking.