The approval of the Ethereum spot ETF may have a significant impact on the price of Ethereum.

The decision means U.S. investors can now gain exposure to the second-largest cryptocurrency through an easily tradable ETF vehicle, which will be a major boon for Ethereum’s market acceptance and liquidity.

The Bitcoin spot ETF quickly attracted tens of billions of dollars in capital inflows after its approval, pushing Bitcoin prices soaring.

Although the market expects that the Ethereum ETF may not trigger large inflows like the Bitcoin ETF, there are still analysts predicting that the launch of the ETF may push the price of Ethereum to about $6,500.

Steno Research’s report states that the newly launched Ethereum ETF may attract $15 billion to $20 billion in capital inflows in the first year.

While this inflow is not as fast as the Bitcoin ETF’s rapid growth, it is enough to have a positive impact on the Ethereum market.

Overall, the approval of an Ethereum spot ETF will bring more liquidity and market recognition to Ethereum, although its market performance may be slightly different due to the lack of a strong "digital gold" narrative like Bitcoin. #拜登退选 #比特币大会 #以太坊ETF批准预期 #币安HODLer空投BANANA #美国大选如何影响加密产业？

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