📈 Crypto breaking news: Institutional investors are extremely bullish on Ether (ETH) ahead of the launch of the first trading ETF! 🚀

- According to Eugene Cheung from Bybit, institutional investors doubled the amount of ETH from 6.54% to 14.29% immediately after the ETF was announced.

- Meanwhile, individual investors increased slightly from 7.4% to 9.52%.

- Cheung predicts that ETH price could double in the next 18 months, reaching $6,800 by the end of 2025.

💡 What do you think about the potential of ETH? Comment now!

- ETH price is currently up 11.3% on the week, trading at $3,420.

- However, an additional $412 billion in investment is needed to reach $6,800.

- ETH is currently down 30% from its peak of $4,800 in November 2021.

📊 Although the ETH ETF is only a "sidekick" compared to the BTC ETF, Cheung believes that ETH will surpass BTC in the long term thanks to its diverse use cases and intrinsic yield.

- In the past year, BTC price increased more than 111% and ETH increased more than 77%.

💬 Discuss the future of ETH and BTC in the comments!