Moonriver is an Ethereum Virtual Machine (EVM)-compatible blockchain that operates as a parachain on the Kusama network. Being EVM-compatible allows Ethereum-based applications to deploy on Moonriver. #MOVR/USDT
U.S. regulators have given final approval for spot exchange-traded funds that hold Ethereum's ether (ETH), giving Americans access to a second major cryptocurrency via the easy-to-trade vehicles.
Some analysts predict that while a spot ETH ETF could move the price of ether up to $6,500, inflows into those funds won't be nearly as high as for their bitcoin-focused counterparts.
Research firm Steno Research predicts that the newly launched ETFs could see $15 billion to $20 billion worth of inflows in the first year which is roughly the same that the spot bitcoin ETFs have taken in in just seven months.
