Spot Ethereum ETFs: Analysts Say Approval is Imminent

Clear Path to Approval: Industry Pundits Optimistic on Spot Ethereum ETFs in 2024

Industry experts and analysts in the cryptocurrency space are optimistic about the potential approval of spot Ethereum exchange-traded funds (ETFs) in 2024. After the recent approval of 11 spot Bitcoin ETFs, experts believe that spot Ether ETFs should have a clear path to approval as well. Bloomberg ETF analyst Eric Balchunas stated that it is unlikely for spot Bitcoin ETFs to be approved without spot Ether ETFs. He compared the relationship between the two cryptocurrencies to a “15-foot rope” where Ether will follow Bitcoin.