- Ark Invest and 21Shares launched an Ethereum futures ETF together. There are predictions of Ethereum price increasing, assuming there’s approval.
- A Twitter crypto trader says Ethereum will outperform Bitcoin.
For a long time in the crypto industry, much of the interest is now on exchange-traded funds (ETFs). Many filings of Ethereum and Bitcoin ETFs are continuously made by many financial firms seeking approval. So, a Twitter crypto trader says Ethereum will outperform Bitcoin, assuming any ETFs get approval.
Twitter Crypto Trader Says Ethereum Futures ETF Approval Will Lead to Surge
- As previously reported, Ark Invest and 21Shares jointly came together to make an application with regard to Ethereum futures ETF. Apparently, they are hoping that the Securities and Exchange Commission will approve. This is ahead of sentiments that the US regulator is now leaning towards Ethereum rather than Bitcoin ETFs. Already, the review of pending approval of many of the spot Bitcoin ETFs will now happen next year.
- Before coming together to make this Ethereum futures ETF application, Ark Invest saw about two of their applications rejected. Nevertheless, they are back again with the joint application to the US regulator. Remember that September is historically one of the worst months for the crypto market. But the SEC’s decision on this Ethereum futures ETF will come around October. Apparently, this is enough to drive Ethereum’s price to another level.
- Many firms are already positioning themselves for when this ETF approval happens. Some of them, such as VanEck and ProShares, are making massive moves in the crypto market. This crypto trader believes having a spot Bitcoin ETF in the US still has strong consensus. However, at the moment, the Ethereum future ETF approval is still a huge win for the crypto industry.
Twitter Crypto Traders Says Ethereum Will Make More Money Than Bitcoin
- Popular Twitter crypto trader Lark Davis, who has more than 1.1 million followers on Twitter, shared his thoughts on Ethereum and Bitcoin. Apparently, this Twitter crypto trader made his predictions with regard to the approval of ETFs.
- In this case, he expects the price of Bitcoin to increase by a whopping 850% in the next cycle. This Twitter crypto trader made predictions assuming a spot Bitcoin ETF gets approval. In that case, the Bitcoin price might go to as much as $150,000 from $16,000. However, there are expectations of Ethereum making more increase than Bitcoin.
- This Twitter crypto trader believes Ethereum can go as much as $15,000 in the next cycle. So, this means that Ethereum will have as much as 1,550% in the next cycle. Nevertheless, note that all these are personal opinions and not investment advice. Always do your own research before making any investment.
Conclusion
There are many expectations regarding Bitcoin price. With Ark Invest and 21Shares launching an Ethereum futures ETF application together, there are predictions that it will get approval by October. According to analysts, it might drive Ethereum’s price to a new level. Another popular Twitter crypto trader says Ethereum will outperform Bitcoin in the next cycle.
