Odaily Planet Daily reported that Bill Qi, chairman of Cypher Capital and former Binance Labs global head of financing, said: “Now it is not people in the cryptocurrency circle pushing for the approval of ETFs, but Wall Street companies trying their best to achieve this goal. The Ethereum ETF is mainly The lobbyists for “will be institutional asset managers. It’s in their best interest to launch an ETF and get ETF approval because they are in the AUM (Assets Under Management) game and in order to increase AUM they need to get ETF approval.” (Cointelegraph)