Ethereum spot ETFs are good for Bitcoin, says Michael Saylor, as ETH bulls show confidence
Ethereum bulls push ETH's price as Fear and Greed Index shows investors' overconfidence.
Michael Saylor changes perspective, now believes spot ETH ETFs are net positive for Bitcoin.
Ethereum Pectra upgrade scheduled to launch in Q1 2025.
Ethereum (ETH) gained nearly 3% on Monday as investors exhibited high bullish sentiment. Michael Saylor also commented on the recent spot ETH ETF approval by the Securities & Exchange Commission (SEC).
Daily digest market movers: Bullish sentiment, Michael Saylor, Pectra upgrade
Following ETH's price gain on Monday, trading firm QCP Capital noted that market participants are becoming more bullish on the largest altcoin, considering potential institutional demand when spot ETH ETFs go live.
