"Markets are also anticipating which crypto assets could be next to get a spot ETF"
Simon Peters.- Although spot Ethereum ETFs have not yet gone live, as ETF issuers' S-1 registration statements still need to be approved by the SEC, the approval of the 19b-4s last week This is an important step forward, when just a few weeks ago the chances of a spot Ethereum ETF being approved were slim.
Ethereum saw a strong rally in the run-up to the approval of 19b-4 and ended the week up 24%.
The next few weeks will be interesting to see how Ethereum price responds to developments around the approval of S-1 filings and also because we are entering a macroeconomic climate with potentially looser financial conditions, i.e. rate cuts. interest rates and a slowdown in quantitative tightening, conditions under which risk assets such as cryptoassets tend to perform well.
Markets are also anticipating which crypto assets could be next to get a spot ETF, with solana and XRP considered the most likely.
