ETH WILL JUMP 75% TO $6,600 AFTER ETF APPROVAL SAYS FINANCIAL GIANT
- Analysts at Bernstein, an asset manager with an AUM of $725 billion, predict an incredible rise in Ether’s price if the SEC chooses to approve spot #Ethereum ETFs this week.
- More specifically, they claim $ETH will rise to $6,600 via an approximate 75% jump in value.
- For context, $ETH previously hit all-time highs of less than $4,900 in November 2021.
- As evidence, Bernstein analysts point to a similarly-scaled rally for $BTC in the wake of spot #Bitcoin ETF approval in January 2024.
- Excitement around potential ETF approval for Ether began on Monday when Bloomberg analysts raised their chances of approval to 75%, up from 25%.
- Just an hour later, and the SEC requested that would-be issuers submit updated 19B-4 forms at an accelerated rate.
- The majority of said forms have now been received, with VanEck’s official approval deadline scheduled for tomorrow, May 23rd…
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