Ether spot ETF to start trading in the US will the highest value of Ethereum be updated?

US regulatorsFinal approval for a physical exchange-traded fund holding Ethereum (ETH)By doing so, Americans will be able to easily access the second-largest cryptocurrency.

The decision puts an end to the SEC's multi-year process for approving an Ether ETF. Since Ether ETFs can be traded with traditional securities accounts, Ethereum will gain popularity among general investors.Bitcoin ETFs have been around since their debut in JanuaryIt attracted tens of billions of dollars of investment, and expectations overlapped with interest rate cuts and Bitcoin's halving,Over 50% increase at one pointI did it.

A few weeks ago, approval seemed uncertain. But in late May, after a long period of silence, SEC officials suddenly began contacting people who wanted to issue ETFs. Then, on 5/23, the SEC approved the important documents, and the latest decision paved the way for full approval.

“The cryptocurrency ETF era has fully arrived,” says Matt Hogan, Chief Investment Officer (CIO) of Bitwise. “Investors can use low-cost ETPs toAccess to over 70% of the highly liquid crypto marketIt's now possible,” he pointed out.

Effects on Ether Prices
The Bitcoin spot ETF was approved in January this year, and when trading began, it became the most successful ETF in the history of listed products, and the fund inflow rate skyrocketed by 58% or more in just 2 months, pushing the price of the largest cryptocurrency to an all-time high.

Some analysts saySpot Ether ETF Could Push Ethereum Price to $6,500However, it is predicted that the inflow of funds into these funds will not be as high as focusing on Bitcoin.

What is the newly introduced ETF of the research company Steno ResearchFund inflows of $15 billion to $20 billion in the first yearIt is predicted that it will be possible to see it, and this is almost the same amount of money that will flow into a spot Bitcoin ETF in just 7 months.

According to Alvin Kang, the chief operating officer of BitGet Wallet,The real opportunity to invest in Ethereum over the long term could come after the first few weeks after the ETF debutIt is said that there is.

Mr. Kang said, “Similar to the market reaction when a Bitcoin ETF is approved, Ethereum also anticipates that the price will rise in a short period of time once its own ETF is approved. However, there is a possibility that selling pressure will continue as a result of outflows from investment products such as grayscale ETFs during the next 1 to 2 weeks,” he told Cointelegraph.

Mr. Mikible, a cryptocurrency traderEthereum ETF will be the catalyst for the next altcoin bull market cycleI'm predicting that. He said, “Ethereum ETFs will be a major catalyst for the massive rise that will cause a huge alto season in this cycle.”

Currently, Ethereum is trading around $3,455, and it is expected that Ether spot ETFs will nearly double the spot price.