#eth The approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US could lead to a significant increase in the token's value, mirroring the market reaction seen after the approval of Bitcoin ETFs.

Approval of spot Ethereum ETFs in the US could lead to a rally of up to 60% in the second-largest cryptocurrency in the coming months, Singapore-based QCP Capital said in a post on Telegram on Thursday. This prediction reflects the market reaction seen following the approval of spot Bitcoin ETFs in January. Bitcoin rose from $42,000 to over $73,000 in the two weeks after ETFs began trading on January 11, according to CoinGecko data. #btc