QCP Capital: Referring to the impact of BTC ETF, if ETH ETF is approved, Ethereum may increase by 60%
ChainCatcher message, cryptocurrency investment firm QCP Capital posted on social media: "Today all eyes are focused on the deadline for ETH ETF. With implied volatility exceeding 100% on Friday, the market is expected to make big moves; BlackRock and five other issuers have amended their ETF application documents with the SEC, VanEck's ETF has been listed by DTCC (Depository Trust Clearing Corporation). We believe that there is a very high possibility of approval now and trading is expected to begin next week. The ETH ETF may already be a done deal. If the approval of BTC ETF can serve as a reference, then the price of ETH might also see a similar increase of 60%."
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.
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