Is There Still a Buying Opportunity for Ethereum: Smart Investors Watch Here!

The analyst of eToro, one of the leading cryptocurrency platforms, said that “savvy” investors are starting to see Ethereum as a priority opportunity.

eToro analyst Simon Peters focused on the potential impact of spot Ethereum ETFs in a recent note.

Reminding that the US Securities and Exchange Commission (SEC) has given 19b-4 approval for spot Ethereum ETFs, the analyst emphasized that all eyes are on the S-1 approval for final approval.

He stated that knowledgeable investors who know the cryptocurrency market have already started to turn to Ethereum and that they see the upward potential there, and that they did not miss this opportunity:

With the 19b-4s out of the way, the door was opened for approval of the S-1s. With ETFs launching and multi-billion dollar investments coming to the fore, there may now be an opportunity for savvy crypto investors to purchase Ethereum. There are a lot of dollars potentially flowing into Ethereum right now.

ETF Store President Nate Gerac had stated that S-1 filing approvals could come within the next few weeks.