Ethereum ETFs Start Trading And 'Price Discovery Is Inevitable,' Trader Asserts
Portfolio Pulse from Khyathi Dalal
The SEC has approved nine spot Ethereum ETFs for trading, leading to predictions of short-term volatility. Traders believe the market has not fully accounted for potential massive inflows. Ethereum's price could see a significant impact, with some traders predicting a 75% upside in the short term.
July 23, 2024 | 3:51 pm
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The SEC's approval of nine spot Ethereum ETFs is expected to lead to short-term volatility and significant inflows, potentially driving Ethereum's price up by 75% in the short term.
The approval of spot Ethereum ETFs by the SEC is a significant regulatory milestone that is likely to attract substantial institutional inflows. Traders predict a 75% upside for Ethereum in the short term, driven by increased transaction volumes and large transactions.
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RELEVANCE 100