Unexpected BREAKING Statement from the Famous Analyst! Attention everyone, is ETHEREUM OPENING A NEW DOOR!
Ilan Solot, Head of Digital Assets at Marex Solutions, evaluated the possible effects of spot Ethereum exchange-traded funds (ETFs) on the market in case of a positive response from the USA. According to Solot, if approval is received, it is predicted that investment flows may turn to Solana and other Ethereum-based altcoins.
Market analysts state that the market has not yet priced the confirmation of spot Ethereum #ETF . With the approval, it is expected that most of the existing short positions will be closed and those that are not closed will be damaged by the short squeeze that will occur due to the rises in the market.
The approval of Ethereum ETFs could direct investors to Ethereum, who have so far invested in Solana-based projects rather than Ethereum. ETH is used as a low-yield funding tool, and with rising expectations for spot ETH ETFs, investors are likely to rekindle interest in Ethereum, strengthening their positions against other tokens.
#Crypto Noelle Acheson, author of the Is Macro Now newsletter, argues that the approval of spot Ethereum ETFs will expand overall crypto demand rather than draining funds from Bitcoin ETFs. According to Acheson, the flow of money between the #Ethereum and #Solana ecosystems will be mutually reinforcing rather than competitive, and general crypto interest is expected to strengthen both ecosystems.
