QCP Capital Predicts Surge in Ethereum If ETF is Approved

IconCryptoNewsTerminal Staff23 May, 2024

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QCP Capital Predicts Surge in Ethereum If ETF is Approved

Singapore-based crypto exchange QCP Capital predicts a significant surge in Ethereum (ETH) if a physical ETH exchange-traded fund (ETF) is approved in the US. The firm anticipates a jump of around 60%, similar to the observed increase following the approval of a Bitcoin physical ETF. The crypto market eagerly awaits the US Securities and Exchange Commission's (SEC) decision on a spot ETH ETF, with multiple asset managers, including BlackRock, filing amended applications. VanEck's ETH spot ETF has completed ticker registration and is set for a decision on June 23. If the SEC approves the ETF, trading could commence as early as next week. This development would mark a significant milestone for the crypto industry and potentially drive further adoption and investment in Ethereum.

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