Nana (nftxmove.eth)
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https://crypto.news/expert-spot-ethereum-etf-to-drive-ether-demand/ SCRYPT CEO Norman Wooding told crypto.news several factors point to higher Ethereum prices if the SEC approves spot Ether ETFs. Wooding predicted that spot Ethereum (ETH) ETFs will follow the pattern of spot Bitcoin (BTC) funds and push ETH prices above $4,000. According to the expert, approval for spot ETH ETFs will eliminate “lingering anxieties” surrounding the second-largest cryptocurrency and boost market demand. Wooding opined that Ether could retest its $4,800 peak if spot ETH ETFs capture 10-20% of Bitcoin ETF flows.
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recast:farcaster://casts/0x7118c0664a1da38c5798a622d8ef38c1d1bebb9395e908ac6c9971246637edea
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State Street’s SSGA partners with Galaxy Digital to launch crypto fund State Street Global Advisors plans to launch its first cryptocurrency fund in a new partnership with digital assets group Galaxy Digital. SSGA, which oversees $4.3tn and is the third-largest ETF issuer in the US, pointed to surging interest in crypto among investors since the first US spot bitcoin ETFs launched in January. A recent regulatory filing outlined plans for a forthcoming ETF with holdings that would include cryptocurrency futures and other crypto ETFs.
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