As the final decision on spot Bitcoin (BTC) ETF applications approaches, bullish signals were seen in the Ethereum (ETH) price.
Ethereum, which was crushed against Bitcoin for the past year, revived with the fake spot Bitcoin ETF approval news. ETH/BTC parity with the fluctuation following the approval news shared from the hacked account of the US Securities and Exchange Commission (SEC). 0.04790 decreased to approximately 1 year liquidity after cleaning a 10% increase by displaying to 0.05177 level reached.
With yesterday’s volatility against the dollar $2,424 Seeing Ethereum, the ongoing sales pressure And he threw it off.
While the final decision on spot Bitcoin exchange traded fund (ETF) applications is expected to be announced today, investors are already keeping their eyes on spot Bitcoin exchange traded fund (ETF) applications. to Ethereum ETF He started translating.
On-chain analyst firm making a statement on the subject Nansen’s analyst Martin LeeHe made the following statements about the market’s Ethereum ETF expectation:
The main idea is that ETH, the second largest cryptocurrency, is most likely to become the next ETF after BTC.
The world’s largest asset manager BlackRock’s Just like the spot Bitcoin ETF application, there is also a spot Ethereum ETF file submitted to the SEC. The company recently filed a lawsuit with the SEC. iShares Ethereum Trust for a S-1 had submitted its application.
A similar comment was made by Kaminari CEO Alex OnurfriychuIt came from. The CEO hinted that the Ethereum ETF application is becoming increasingly prominent:
There is a noticeable trend towards bringing the Ethereum ETF to the forefront.
According to CoinGecko data, in the last 24 hours 4.3% increase Ethereum exhibiting, at the time of writing from $2,380 is being traded.