ETFs Approved: When ETH All Time High?! SOL ETF Next?
Read summaryEthereum ETFs have now been approved by the SEC, but the process is not yet complete as individual S1 applications still need to be approved before trading can begin. This unexpected approval caught many off guard and could lead to a surge in demand once trading starts. Analysts predict that 15-25% of the inflows seen with Bitcoin ETFs could flow into Ethereum products, putting significant buying pressure on ETH. While some experts anticipate a floodgate of demand for Ethereum, there are differences in the market compared to Bitcoin ETFs, including the fact that many were expecting Ethereum ETFs to be denied. Overall, the approval of Ethereum ETFs could lead to a bullish rally for ETH in the near future 🚀📈.
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