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ETH ETF Chances Grow As It Hits New All-Time High Above $4650

The world’s second-largest cryptocurrency Ethereum (ETH) continues to show strong movement. More so, Earlier today, the ETH price hits past $4650 to a new all-time high.

Furthermore, the demand for Ethereum Futures ETF will get more chance.
So, Bloomberg Intelligence reports the U.S. regulators may approve an Eth Futures ETF before the spot Bitcoin ETF.

More so, Bloomberg analysts James Seyffart notes an Ethereum futures ETF may come in the first quarter of 2022.
Additionally, Seyffart further states that it will come before a spot Bitcoin ETF.

More so, the analyst explains better.

“Most market participants agree that a spot Bitcoin ETF would be superior to existing futures ETFs,..”
“yet SEC approval of the former may be delayed until late 2022 or beyond…”
“Though a spot Bitcoin ETF is possible in 2022, SEC approval may take longer…”
“due to concerns about regulation in the underlying Bitcoin market”.

Notably, Two Bitcoin Futures ETFs from ProShares and Valkyrie on approval by the U.S. SEC last month contributes to a rally in the BTC price.
Therefore, There is a very high chance that institutional players will pressure the regulators to approve an Eth futures ETF.

Furthermore, the Ethereum bulls are not planning to stop anytime soon. So, Analysts thinks that this is the starting point of the next bull run in Ethereum.
As, Popular crypto analyst Willy Woo notes that the building up of the Ethereum on-chain fundamentals will soon have impact on the price.

Lastly, assuming the U.S. SEC approves the Ethereum Futures ETH before the year-end. Then, ETH will be touching much higher price targets.
Already, Many analysts sets expectations for ETH to touch $10K by the year-end.

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