Analyst: The market underestimates the impact of Ethereum ETF

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Bitget2024/01/27 15:11

@Gold_Cryptoz on X platform: The ETH ETF is going to be here in May of this year and nobody is ready for it. People are underestimating the impact it will have on Ethereum - and by proxy - alts. People are still too focused on the daily flows of btc to even think of Ethereum. 'Total net inflows are $857 million. Even with the slowdown in demand, the group of spot Bitcoin ETFs had the most successful ETF launch in history by both trading and flow metrics' - @EricBalchunas

on Jan 26th. People are in denial about Ethereum, it doesn't matter if it actually gets approved or not in May, all that matters is what the market thinks. People were still in denial about the BTC ETF right up until the day of the approval. Now imagine an ETH ETF, launching after the success of Bitcoin's. Couple that with the coming upgrade for eth which will reduce fees by up to 90%... If you set yourself up correctly now you will be greatly rewarded.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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