🎁Ether ETF Forecast from Binance CEO Richard Teng: It May Surprise! 🎁🎁

Binance CEO Richard Teng shared his views on spot Ethereum ETFs.

Teng stated that spot Ethereum exchange-traded funds may not have a larger impact than expected at the initial stage.

Predicting that the fund flow to Spot Ethereum ETFs will not be dramatically low, Teng said that fluctuating fund inflows may be seen in the initial stages, but the situation will turn into a stable flow in the future:

"While we expect a stable capital allocation to these ETFs, we should not expect dramatic effects initially. Fluctuations may occur depending on various macroeconomic factors. Institutional participation can provide a stable and significant capital flow over time."

Emphasizing that this move, which is considered an important milestone, will be a critical step for Ethereum and the general cryptocurrency market, Teng stated that this situation can open the doors for a wider audience of investors:

“The upcoming launch of ETH spot ETF trading in the US will be a significant milestone for Ethereum and the broader digital asset market.”

Let us remind you that on July 15, the SEC required final S-1 filings to be submitted by July 16. The US-based spot Ethereum ETF launch is expected to take place on July 23.

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