QCP Capital: If the spot ETF is approved, it will push ETH to $5,000 this year
Golden Finance reported that QCP Capital, a Singapore-based cryptocurrency investment firm, stated that regarding rumors of the US Securities and Exchange Commission (SEC) considering an Ethereum spot ETF, the company's view is that the spot price is unlikely to stabilize here. If approved, the price will be closer to the short-term target of $4,000 and may reach $5,000 later this year. If rejected, the price will fall back to $3,000. This uncertainty has led to higher volatility, but a better trading opportunity may be in spot and futures contracts, with yields exceeding 10% again.
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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