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The approval of Bitcoin and Ethereum ETFs by the SEC is seen as legitimizing cryptocurrencies as an asset class. Investors view ETH ETF as more interesting and asymmetric than a digital gold/macro hedge. Former SEC chair predicts trading of Ethereum spot ETFs in the US, drawing parallels with Bitcoin success.
🧵The Ethereum ETF is going to be way more reflexive then the BTC ETF. I expect it to have a much larger impact on ETH price and be extremely positive for Ethereum based altcoins. TLDR - The ETH ETF is about to bring a massive alt season which the BTC ETF did not deliver on https://t.co/gAVgtt7Twj
' @piovincenzo_ explains why the ETH ETF approval is a positive for not only BTC but all of crypto Will ETFs lead to mass adoption? https://t.co/4ir7XwsWER
Former SEC chair predicts trading of Ethereum spot ETFs in the US, drawing parallels with Bitcoin success. Approval process in progress. Ethical views mentioned. #Ethereum #ETFs #SEC
