Ethereum ETFs Could Be on the Horizon
A Glimpse into the Future of Ethereum
Standard Chartered Predicts Potential for Ethereum ETFs
According to Standard Chartered, the market is eagerly anticipating the approval of Ethereum spot ETFs. The Securities and Exchange Commission (SEC) holds the key to VanEck's proposed ETF, while it has recently pushed back against spot Ethereum ETF proposals from BlackRock and Fidelity.
A potential green light for a spot ETH ETF could significantly enhance the appeal of the second-largest cryptocurrency, attracting more investors and solidifying its position in the digital asset landscape.
Furthermore, the open interest in Ethereum futures has reached an all-time high, highlighting the growing demand and speculative activity surrounding the cryptocurrency.
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