Kaiko Research stated that the recent approval of spot Ethereum ETFs will have a positive impact on the long-term growth of the digital asset, despite potential short-term challenges. The approval has provided clarity on Ethereum's classification as a commodity rather than a security, reducing regulatory uncertainty. While the SEC approved the ETFs' 19b-4 filings, the launch of Spot Ethereum ETFs is imminent. However, Kaiko predicts that Grayscale's ETHE fund may face outflows, potentially affecting ETH's market. Additionally, Hong Kong's ETH ETFs have seen net outflows since their launch. The market depth of ETH has decreased, and it is less concentrated on US exchanges. Ethereum's core developers are planning a major update, with analysts predicting significant demand. It is essential to conduct thorough research before engaging in cryptocurrency trading, as it is a high-risk activity. Read more AI-generated news on: https://app.chaingpt.org/news
Impact of ETF Approvals on Ethereum's Growth
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