Crypto Market Bullish for June: Ethereum ETF and Positive Economic Outlook
CryptoNewsTerminal Staff04 Jun, 2024
Crypto Market Bullish for June: Ethereum ETF and Positive Economic Outlook
Crypto Market Outlook for June: Bullish on Positive Macroeconomic Sentiment and Anticipation Surrounding Approval of ETH Spot ETF The crypto market is poised for a bullish June amid growing anticipation for the approval of a spot Ethereum (ETH) exchange-traded fund (ETF), according to several industry insiders cited by Crypto Briefing. Tristan Frizza, the founder of Solana-based decentralized finance (DeFi) platform Zeta Markets, believes that "the launch of an ETH spot ETF could trigger a wave of positive sentiment in the market, with a longer-term bullish outlook for 2024." Darren Franceschini, co-founder of crypto trading platform, Fideum, projected that "current macroeconomic conditions bode well for continued momentum in both crypto and traditional financial markets." The outlet also highlighted the European Union (EU) parliamentary elections and the U.S. presidential election as notable events that could have implications for cryptocurrency policy.
