price shot higher over the last 48 hours, driven by favorable regulatory developments that boost the chances of an ether exchange-traded fund being approved soon.
Net flows into Bitcoin ETFs have been a major driver of returns since their launch in January, explaining much of the cryptocurrency's performance. This trend is likely to continue with the introduction of ETH ETFs, indicating that overall crypto ETF flows will remain important for returns. Several factors could impact these estimates, including differing demand for ETH compared to BTC, rotation from BTC to ETH among existing ETF holders, outflows from existing ETH funds upon conversion, and rapid positioning build-up ahead of SEC approval.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »
ARK and 21Shares drop staking plans from Ethereum ETF proposalARK Invest and 21Shares removed staking plans from their spot Ethereum ETF proposal, submitted on May 10, amid SEC delays and dwindling approval hopes.
Source: Cointelegraph - 🏆 562. / 51 Read more »