Approval of Ethereum ETF Indicates Opportunity for Other Cryptocurrency Investment Options Says TD Cowen
Many opportunities have been opened for other cryptocurrency investment options, due to the fact that Ethereum Exchange Traded Funds (ETFs) have been approved by the SEC recently, says the Research Group from Washington, TD Cowen.
Although, lots of investors and crypto experts did not expect the quick approval of the Ethereum ETF. However, TD Cowen saw this as an outcome that couldn't be avoided, considering that spot Bitcoin ETFs was approved at the beginning of 2024.
TD Cowen's team member, Jaret Seibert stated that the approval of Ethereum ETF has been experienced 6 months ahead of the time it was anticipated. However, it was expected, due to the green light given by the Securities and Exchange Commission (SEC) to cryptocurrency futures ETFs.
Jaret emphasized that in the coming 12 months, the cryptocurrency industry could experience more investments options, that will involve lots of other cryptocurrencies; going beyond Ethereum and Bitcoin.
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I am very sure in the next coming weeks, Ethereum will definitely do quite well in the market due to the etf approval
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