Ethereum ETF Approval in the US Could Trigger 60% Price Surge, Predicts QCP Capital from application documentation Watch Video
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⏲ Duration: 0:39 👁 View: 15.9M times ✓ Published: 24-May-2024
Description: Approval of an Ethereum ETF in the US could lead to a 60% price rally for Ether over the coming months, according to predictions from QCP Capital. Bitcoin saw a similar price surge after the launch of its first US spot ETF in January, rising from around $42,000 to over $73,000 in two weeks. The SEC is expected to make a decision on an Ether ETF application soon, with analysts bumping the odds of approval to over 75%. On-chain data shows significant buying activity on both centralized and decentralized exchanges in recent days.