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BTC $63,634.13 +1.38%
ETH $1,726.91 +1.62%
BNB $586.48 +1.91%
XRP $1.13 +1.53%
SOL $72.06 +4.91%
TRX $0.3222 +0.58%
DOGE $0.0840 +1.68%
ADA $0.1635 +1.78%
BCH $199.39 +2.10%
LINK $7.99 +1.13%
HYPE $70.54 +4.82%
AAVE $74.80 +1.84%
SUI $0.7203 +0.66%
XLM $0.2174 -1.72%
ZEC $470.24 +4.47%

QCP Capital: If the Ethereum ETF is approved, ETH will approach $4000 in the short term; if rejected, it will fall back to $3000

2024-05-21 15:12:24
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ChainCatcher news, investment institution QCP Capital stated on social media that regarding the rumors about the U.S. Securities and Exchange Commission (SEC) possibly approving a spot ETF for Ethereum, their view is that the spot price is unlikely to stabilize here. If approved, the price will be closer to the short-term target of $4000, and may reach $5000 later this year. If rejected, the price will fall back to $3000. This uncertainty has led to higher volatility, but better trading might be the spot-futures basis, which has now yielded over 10% again.

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