First Bitcoin ETF and now Ethereum ETF approved, what now?

[Bureau]

Earlier this year we saw how Bitcoin approval affected the crypto market. A short bull run began and Bitcoin created a new ATH. Since then everyone within the community were speculating whether Ethereum ETF will get approved by the SEC.

Good news is that a few hour back 8 Ethereum spot ETFs got approved. Resulting the Ethereum dominance in crypto market increasing to 17%. Currently Ethereum is in the green zone as that was expected while Bitcoin staying in red.

My question to everyone out here, can Bitcoin and Ethereum together bring in a big bull run, bigger than the one we saw in 2021? What are your expectations and what do you guys think with be the ATH for ETH?

[TheUltraElite]

ETFs always bring in a lot of attention and approval of another ETF will only mean bull runs happening once again. This time for ETH means good times for the ETH holders.

This will also raise the price of bitcoin and in the meantime we all can rejoice on the raised prices eventually sell to book some profits.

Since the trading will start later this year, the bullruns should follow then.

[pawanjain]

Yes ofcourse, ETH ETF has been in the news since a long time and now that it has been approved there will be a surge in ETH price in a few weeks.
This will increase the crypto marketcap and also attract a price surge in bitcoin.
So yeah, we can see a good bull run here onwards but things don't always go as planned.

[kentrolla]

This is a welcoming news because we have seen how it played out for Bitcoin when Bitcoin spot ETF was approved and same thing is gonna repeat for ETH as well. We were expecting this to happen at the time of Bitcoin ETF approval itself but it's not late we need to ensure we have ETH as a part of our portfolio because it will surely lead to surge in price of ETH and will make it even more mainstream.

[Bureau]

This is the combination that the crypto space will always remember and will be celebrated. Bitcoin ETF, Ethereum ETF and Larry Fink. These three will change the market for evere and we will be able to realised and understand  the phrase "to the moon" when Ethereum ETFs start trading in the market.