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Current data already suggests that the Ethereum exchange volume is at its three-year low of 13.7 million ETH. If the shortage in Ethereum's supply meets the demand that might accompany the spot Ether ETF product, the upside is massive for the coin’s price. Despite being recognized as the second-largest digital currency by market capitalization, the quest for a spot Ethereum ETF has been largely a wild goose chase until this week. With VanEck’s application set for a decision today, Ethereum might join Bitcoin in making history if Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0.
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