ETH spot ETF approved, price surges! 🔥
The approval of Ethereum spot ETF may lead to a surge in Ethereum price. The U.S. Securities and Exchange Commission (SEC) will make an approval decision on two Ethereum spot ETF applications on the 23rd of this week. Previously, many analysts believed that the probability of Ethereum spot ETF approval was less than 30%. However, at 3 a.m. this morning (21), Bloomberg ETF analyst Eric Balchunas posted a message saying that the probability of Ethereum spot ETF approval was raised to 75%. As soon as the news came out, the market immediately ushered in a wave of gains. Ethereum once broke through $3,700, and Bitcoin also broke through the 71,000 mark in one fell swoop.
Zhu Su, the founder of the bankrupt investment institution Three Arrows Capital, who is firmly bullish on Ethereum, posted on the social platform yesterday (20) that he believes that whether the Ethereum spot ETF is approved or not, he is bullish on Ethereum. As the price of Ethereum soared, Zhu Su tweeted again today to predict that if the Ethereum spot ETF is approved, the price of Ethereum will rise to a new high of $5,400, and the price of Bitcoin will also reach a new high of $80,000.
The above information is for reference only. Investment involves risks. Investors are advised to conduct sufficient market research and risk assessment before making investment decisions, and consult professional investment consultants.