Ethereum ETF Approval Could Spur 60% Rally as ETH Buying Increases CoinDesk

News Source : CoinDesk

News Summary

QCP Capital: Approval of spot ether (ETH) exchange-traded funds (ETF) in the U
S
could drive a rally of as much as 60% in the second-largest cryptocurrency in the coming months
Open interest on ether-tracked futures spiked in tandem to a record $14 billion

The approval of spot ether exchangetraded funds (ETF) in the U.S. could lead to a significant rise in the tokens value, mirroring the market reaction seen with bitcoin ETFs.Bitco [+3092 chars]

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