QCP Capital: Referring to the impact of BTC ETF, if ETH ETF is approved, Ethereum may increase by 60%
ChainCatcher message, cryptocurrency investment firm QCP Capital posted on social media: "Today all eyes are focused on the deadline for ETH ETF. With implied volatility exceeding 100% on Friday, the market is expected to make big moves; BlackRock and five other issuers have amended their ETF application documents with the SEC, VanEck's ETF has been listed by DTCC (Depository Trust Clearing Corporation). We believe that there is a very high possibility of approval now and trading is expected to begin next week. The ETH ETF may already be a done deal. If the approval of BTC ETF can serve as a reference, then the price of ETH might also see a similar increase of 60%."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
South Korea’s current account surplus in September exceeded 60 billions USD for the first time, with semiconductor exports becoming the main driver
Driven by booming semiconductor exports, South Korea's current account surplus in September surged to a record high.
CoreWeave (CRWV.US) bonds hit a new low as changes in Texas data center policies impact AI cloud trading
CoreWeave (CRWV.US) bonds fell sharply on Wednesday, with some dropping to new lows.
AstraZeneca (AZN.US) reportedly receives a $10 billion acquisition offer! Shares of obesity drug developer Rhythm (RYTM.US) soar in response
According to three people familiar with the matter, AstraZeneca previously proposed to acquire obesity drug developer Rhythm Pharmaceuticals for approximately 10 billion dollars.
Goldman Sachs and Apollo in Talks to Sell 40 Billion-Dollar AI Chip Financing for SpaceX (SPCX.US), Market's Willingness to Take Over Faces Test
Goldman Sachs (GS.US) and Apollo Global Management (APO.US) are in talks with Wall Street investors to begin selling portions of a roughly $40 billion chip financing deal for SpaceX (SPCX.US).
Crypto prices
More
