Anticipation and excitement continue to surround the potential launch of the Ethereum ETF in the world of cryptocurrencies. Ahead of the expected decision on the ETFs today, well-known figures in the cryptocurrency industry are grabbing attention with their statements. Alex Krüger, an economist widely followed in the cryptocurrency community, has made a statement that has captured the market’s attention.
In a recent podcast, Krüger mentioned that there has been no pricing yet in anticipation of the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) on the market side. He believes that if the approval is granted, it could quickly propel Ethereum to all-time highs (ATHs), specifically to 0.070 BTC (approximately $4,865) in the ETH/BTC pair within a few months. Krüger also expressed his belief that there are institutions ready to invest in ETH ETF products once approval is granted.
Currently, Ethereum’s price has risen by 1.83% and has surpassed $3,800, trading at $3,806. The market cap has also exceeded $450 billion, reaching $456 billion. Additionally, the 24-hour trading volume has increased by 23.81% to $32 billion, anticipating the potential approval of the spot ETH ETF.
At the time of writing, the ETH/BTC pair was trading at 0.056 BTC. In November 2021, ETH had reached an all-time high of $4,900. Experts are anticipating the approval of the Ethereum ETF in the near future, and Krüger believes that ETH could reach all-time highs quickly.
Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.
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