Will Spot Ethereum ETF Candidacy Bring a Massive Bullish Wave?
According to analysts, the suggestion of Ethereum as the next potential candidate for acquiring a spot-based ETF, following the approval of Spot Bitcoin ETFs, indicates that it is poised for a new bullish wave.
With the increasing expectations of a spot Ethereum ETF, Ethereum is regaining attention among investors. According to analysts, Ethereum’s dominance in the world of DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) continues to attract investors, especially as it is considered a leading chain in these domains.
Ethereum’s ETF Candidacy in the U.S.
The consideration of Ethereum as the next potential candidate for acquiring a spot-based ETF in the United States is generating excitement among Ethereum investors. Particularly, changes in financial regulations in the U.S. and the interest in Bitcoin ETFs contribute to Ethereum being seen as a noteworthy asset in the ETF landscape.
Positive Approach from Coinbase
Coinbase, a leading cryptocurrency exchange, also shows a positive approach towards Ethereum. In its weekly bulletin, Coinbase stated that Ethereum is poised for a significant bullish wave this year.
Finally, according to analysts, the plans of firms behind Bitcoin ETFs, such as BlackRock and VanEck, to explore spot-based ETFs for Ethereum create an optimistic atmosphere for the near future of ETH.
