QCP Capital, a crypto asset trading company, predicts that Ethereum’s price could rise by 60% and reach $6,000 in the event of a successful spot ETF.
QCP Analysts based their forecasts on performance of spot Bitcoin ETF figures that were approved According to Crypto.news, Bitcoin ( ) reached a new high in January. Bitcoin’s (BTCIn the first two months after the approval, the amount of money that was paid to the employee increased by 66%.
The SEC will decide on the future of Ethereum ETF VanEck submitted its application on Friday. Invesco Fidelity BlackRock Grayscale Franklin Templeton Bitwise and Fidelity Fidelity have all made late amendments to applications. filings This week.
“All eyes are on the ETH ETF deadline later today. With Friday implied volatility above 100%, the market is expecting fireworks,” QCP Broadcast – the QCP Broadcast is a collection of articles written by analysts. “VanEck’s ETF has been listed by the DTCC. We think an approval is now highly likely with trading expected as early as next week.”
QCP shares Bernstein’s optimistic outlook. They noted that earlier in the week, given the steady demand seen by the Bitcoin ETFs After approval, they will anticipate parallel price movements for Ethereum.ETH).
“However, ETH free float and supply looks even more attractive than bitcoin…constrained by sticky investors and utility locking supply in financial smart contracts,” Bernstein’s analysts made a comment.
The following is a list of CoinMarketCapEthereum price has risen 28% in the past week and volume of trading is up by 17%. The price is currently just under $3,800.
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Source: crypto.news