Here is the article cited in the video:
https://decrypt.co/231481/ethereum-spikes-etf-approval-rumors
Will we see Ethereum Spot ETFs approved? This is the thought since the SEC asked for amended filings. What does this potentially mean for the market?
▶️ 3Speak
I think ETH ETFs will be approved. They've seen the success of BTC ETFs, so a lot of big companies, especially Blackrock will probably put pressure to have it approved. But like before, it will probably be at the time of their choosing. They will flip flop on the decision to introduce more volatility and accumulate.
I do wonder if it will affect BTC, BTC ETFs price.
So far, overall, it seems prices go up.
I think it is clear the impact from a price perspective. ETFs will fuel demand which means more gets bought.
It also feeds TradFi though.
I guess that's true. I was thinking if the appearance of ETH ETfs would make some investors pivot out of BTC ETFs. BTC and ETH's sacrifice to the big companies hopefully pushes crypto and blockchain further into mass usage.
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