@nftxmove.eth
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.