Expectations High for Ethereum ETF Approval and Price Surge

Bitget App

Trade smarter

Cryptodnes2024/07/09 06:31

By:Cryptodnes

Matrixport expects SEC approval for Ethereum ETFs this week, akin to past swift approvals. Major firms like BlackRock and Fidelity prepare S-1 filings, anticipating ETH's price could double.

SEC briefly delayed ETFs for revisions, setting a July 8 deadline for amended filings. Minimal revisions suggest trading may start within two weeks.

Matrixport forecasts ETH could hit $3,400 post-approval, citing historical 20% gains from similar filings, boosting investor confidence.

Bernstein targets $6,600 for Ethereum, buoyed by ETF optimism and past BTC surges after regulatory nods.

ETH trades around $3,030, up 2%, with a 57% surge in trading volume, reflecting anticipation for SEC decisions.

Approval could bolster sentiment; delay may dampen buyer interest and affect broader market trends.

SHARE: 0 SHARES

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: The Ethena Protocol will follow Wintermute’s proposal and activate a fee switch. Wintermute had previously noted that the protocol lacked a proper framework for revenue allocation to its holders. Ethena Foundation welcomed the firm’s proposal, saying it could see the potential benefits.

Cryptopolitan•2024/11/16 12:22

Elon Musk Dismissed OpenAI ICO Idea in 2018

“It would simply result in a massive loss of credibility for OpenAI and everyone associated with the ICO,” Musk reportedly said.

Cryptotimes•2024/11/16 12:00