Ethereum ETF Officially Launched, Upbit Indonesia Becomes Momentum For Increasing Crypto Market Quality

Illustration (Photo: Doc Antara)

JAKARTA The Ethereum Exchange-Trad Fund (ETF) has been officially traded on the United States (US) exchange.

The inauguration is expected to have a significant impact on the crypto sector, expand accessibility, and increase market liquidity.

Upbit Indonesia's Chief Operating Officer (COO) Resna Raniadi said, ETF Ethereum allows investors to have exposure to Ethereum without having to directly buy or manage these crypto assets. With this, institutional investors are easier to access Ethereum through a well-known investment platform.

Resna said she was very enthusiastic about the launch of the Ethereum ETF which would open up new opportunities for investors.

"This is an important step in connecting the cryptocurrency market with traditional financial markets, providing more open access for investors." he explained in a written statement, Thursday, July 25.

According to Resna with the Ethereum ETF launch, Upbit sees some positive impacts on the crypto industry, including increasing accessibility with ETF, investing in Ethereum becomes easier and safer, which is expected to attract more investors who have previously refrained from plunging into the crypto world.

Furthermore, the ETF will increase trading volume and liquidity in the Ethereum market, which is expected to reduce volatility and provide price stability on those assets.

Then, the existence of ETF products that are officially regulated can increase investor confidence in the crypto market and reduce concerns about security and regulation.

We see the launch of this ETF as an important momentum to improve market quality and attract more institutional investors. With well-regulated ETF products, investor confidence in cryptocurrencies will increase, reducing concerns regarding security and regulation. " he said.

In addition, Resna also advises investors to be able to see this development as an opportunity to diversify their portfolio and take advantage of the potential growth in the sector.

"However, it must still be considered, it is very important for investors to always conduct in-depth research and understand the risks associated with investing in the crypto market," he said.