Ethereum ETF Approval in the US Could Trigger 60% Price Surge, Predicts QCP Capital

  • 4 months ago
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.
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00:00 It's Benzinga and here's what's on the block.
00:02 Approval of an Ethereum ETF in the US could lead to a 60% price rally for Ether over the coming
00:08 months, according to predictions from QCP Capital. Bitcoin saw a similar price surge
00:13 after the launch of its first US-fought ETF in January, rising from around $42,000 to over
00:18 $73,000 in two weeks. The SEC is expected to make a decision on an Ether ETF application soon,
00:25 with analysts bumping up the odds of approval to over 75%. On-chain data shows significant
00:31 buying activity in both centralized and decentralized exchanges in recent days.
00:35 For all things money, visit Benzinga.com
00:37 [MUSIC]

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