QCP Capital predicts spot Ethereum ETF approvals could drive prices higher
Will Ethereum ETFs Skyrocket Ether to $6000?
QCP Capital predicts that if the U.S. approves spot Ethereum ETFs, the price of ether could surge by 60% to around $6,000, drawing parallels to Bitcoin's price increase following similar approvals. The SEC faces imminent deadlines to decide on Ethereum ETF applications from firms like VanEck and Ark Invest. Market analysts, noting high implied volatility, anticipate significant market movements tied to the approval outcomes, which could either propel ether prices upward or lead to corrections if denied.
Which other firms are among the applicants for the spot Ethereum ETFs and have submitted last-minute changes to their filings?
In addition to VanEck and Ark Invest, other firms that are among the applicants for the spot Ethereum ETFs and have submitted last-minute changes to their filings include Invesco, Fidelity, BlackRock, Grayscale, Franklin Templeton, and Bitwise.
How did the price of Bitcoin react in the two months following the SEC’s approval of spot Bitcoin ETFs?
The price of Bitcoin rose 66% from around $44,500 to a peak of $73,800 in the two months following the SEC's approval of spot Bitcoin ETFs.