Posted 2/21/2024, 9:00:00 AM
Ethereum ETF Approval Speculation Fuels Price Rally, But Impact Remains Uncertain
- Speculation that SEC could approve Ethereum ETFs soon, with analysts assessing 50-70% chance
- Approval could attract more mainstream investors and boost Ethereum's price
- Recent $3,000+ Ethereum price partially attributed to optimism around potential ETF
- While some analysts forecast new highs if approved, others say smaller immediate impact
- SEC still cautious on crypto regulation, but can't deny ETFs after approving Bitcoin ones