DL News has gathered opinions from experts in the field regarding the potential impact of ETF approval on Ethereum's price:
- Mike Novogratz, CEO of Galaxy Digital, foresees a notable price surge for Ethereum, attributing it to changes in the political landscape and the SEC's evolving stance on Ethereum ETFs.
- David Brickell, the head of global distribution at FRNT Financial, anticipates both Bitcoin and Ethereum to achieve record highs by the end of June, surpassing $80,000 and $5,000, respectively. Contributing factors include the potential approval of the Ethereum Spot ETF 19b-4, a positive U.S. economic outlook, and favorable cryptocurrency regulations.
- Lennix Lai, Head of Financial Markets at OKX, predicts that the Ethereum spot ETF will attract new demand from institutional investors, estimating an inflow of $500 million within the first week of its launch.
These viewpoints collectively suggest a bullish sentiment towards Ethereum's price, with expectations of significant growth post-ETF approval.