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Let's figure out what will happen to the price of $ETH after the approval of the ETF?
I think many people here want to see the price for one ETH at $5,000 and above.
This will happen if the Ethereum ETF is approved.
With the approval of the ETF, Ethereum will repeat the Bitcoin chart - it will break through a new ATH. Perhaps the growth will be much greater, since the capitalization of ETH is much smaller than $BTC . But unfortunately, it is impossible to say when the approval will take place. It depends on many factors and now we can only talk about the approval of Ethereum ETF.
Despite the fact that Bitcoin and Ethereum are cryptocurrencies, they are different in their system. This may affect the approval of the ETF, because Ethereum is being developed by the company and has a PoS system. Bitcoin is considered decentralized and this is its advantage.
In any case, I believe that Ethereum ETF is inevitable, but it may not happen soon. And if it happens, then in the near future we should expect #ETFs of other leading cryptocurrencies: $SOL , BNB, XRP.
Several companies have already submitted applications for Ethereum ETFs, but the SEC postponed the deadline for reviewing applications to May. The application review dates are May 24 and 30.
Perhaps in a few months we will see the Ethereum ETF! #HotTrends #ETF
And what do you think the price of ETH will be after the approval of the ETF?