Ethereum ETFs expected This Week
After Bitcoin etf Next One is Ethereum where we have got the first level approval but the second one is still pending and now it is expected that we are going to have it this week. The Bitcoin ETF has brought more value to the market and the same impact can be seen in the market this time because even after a big selling by the German government the ETF money inflow could manage the crash. The market did not crash because of the money info coming through the ETF and it's good news.
Now Ethereum is going to be the next coin for ETF and once this is available for trading then things are going to be even better in the market. I think after this we can be bullish on the market however the bull run cycle might start after some time but certainly the market sentiments are in a better situation and we can be happy with the long-term approach. This news is out that this week most probably we are going to have the Ethereum ETF trading going live and after this NEWS UPDATE, a certain percentage of price spike can be seen on the coin price.
In the last 24 hours, the price of ETH climbed by 3.24%, reaching $3,347 at the time of writing this article. This increase is largely attributed to the anticipation of the imminent launch of Ethereum ETFs, which could further propel the value of this crypto.
I believe that Ethereum is a valuable project in terms of technology as well as its coin demand in the market because it is a leading altcoin in the crypto market. The coin demand is significant and This is why we can expect that more people would come forward to buy Ethereum once it is available through ETF because it is going to be the legit way through which even institutional investors can invest in the coin. It is hard to say what value we are going to see for Ethereum in the upcoming bull cycle but if it touches 10,000 U.S. dollars then I will not be surprised.
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That's a great news and honestly would drive market price higher especially that of Eth and altcoins in general.
absolutely