Experts Say,

IconCryptoNewsTerminal Staff07 Jul, 2024

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Experts Say,

According to Adam, Macro Researcher of cryptocurrency options analytics firm Greeks.live, through X, "if the SEC approves a spot ETF for ETH, spot ETF trading for ETH could begin as early as next week. Therefore, there is likely to be a windfall this week". Since the launch of the Purpose Bitcoin ETF (BTCC) in February 2021, the Canadian spot Bitcoin ETF has garnered substantial popularity among investors. Experts believe that a similar trend will be observed with the introduction of a spot ETF for ETH. Investors are eagerly anticipating the SEC's decision on a spot ETF for ETH, as it has the potential to unlock significant value for the cryptocurrency. Many experts predict that the approval of a spot ETF for ETH will lead to increased institutional adoption and mainstream acceptance of the digital asset.

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