Ethereum Ascends while Arbitrum Gains Traction

The imminent approval of spot Ethereum ETFs is creating a sense of anticipation, which is impacting the user retention and market dynamics of Arbitrum. It is anticipated that a significant number of the 1.51 million ARB investors will retain their assets in the hopes of benefiting from the expected inflows. This reduction in selling pressure from current investors, coupled with a surge in demand from new users, has the potential to drive ARB’s price closer to the notable threshold of $1.50.