After a decade of waiting, rejecting, and delaying at best, the United States Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs at the start of 2024.
“If the SEC rejects all spot Ethereum ETF applications, the impact on ETH’s price may not be as significant as initially anticipated. Analysts and experts suggest that whether the ETFs are approved or rejected, it may not have a substantial effect on the altcoin’s price in the short term.”
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