#Update Ethereum ETF Approval Could encourage 60% Rally as #ETH
✨If spot ether ETFs get approved in the US, it could make ether's value go up a lot, like what happened with bitcoin ETFs.
✨When bitcoin ETFs started trading, bitcoin's price went from $42,000 to over $73,000 in just two weeks.
✨People are expecting a similar effect if ether ETFs get approved, and there's been a lot of buying happening on different exchanges in anticipation of this decision.
Approval of exchange-traded funds (ETFs) for ether (ETH) in the U.S. could lead to a surge of up to 60% in the second-largest cryptocurrency in the next few months, according to QCP Capital's message on Telegram on Thursday. This prediction is similar to what happened in the market when bitcoin ETFs were approved in January. After the ETFs began trading on January 11, bitcoin's price soared from $42,000 to over $73,000 in just two weeks, according to CoinGecko data.
