A new era for Ethereum prices: Market outlook after spot ETFs are approved
Imagine that the Bitcoin spot ETF came out in January this year, which not only shocked the entire exchange-traded product industry, but also attracted a huge amount of funds at an astonishing speed. It soared by more than 58% in just two months, directly pushing the price of Bitcoin to an unprecedented height. This scene undoubtedly dropped a bombshell on the cryptocurrency market.
Now, it's Ethereum's turn. Although many analysts are full of expectations and believe that the spot ETH ETF can help the price of Ethereum climb to a peak of $6,500, they also rationally point out that this torrent of funds may not be able to replicate the glory of the Bitcoin ETF. After all, authoritative + communication companies such as Steno Research predict that the inflow of funds for the new ETF in the first year may only be between $15 billion and $20 billion, which is somewhat mild compared to the speed at which the Bitcoin ETF attracted money in just seven months.
The reason is that although Ethereum is regarded as a strong competitor of "digital gold" by many fans, it has not been able to establish a unique "first-mover advantage" and a popular brand story like Bitcoin. Despite this, we still have reason to believe that with the official launch of ETH ETF, the price of Ethereum will enter a new stage of development, and every pulse of the market deserves our close attention.
