Could This Kick Start the Crypto Bull Run We’ve Been Waiting For?
The 2024 Bitcoin Block Reward Halving has passed, but many cryptos are still far from their 2021 all-time highs.
Pardon the cliché, but it felt like yesterday when the US SEC approved 11 spot Bitcoin ETF in January.
Since then, BTC hit an ATH of $73K, only to retrace to around $56K; it’s anything but Bitcoin “mooning” and hitting $100,000 on the back of institutional interest by the end of this year.
Yet, two events have barely moved BTC’s price, and too much attention has been paid to memecoins in recent months. As such, people are turning to the next narrative to potentially spark the next bull run for the digital assets that matter.
Spot Ethereum ETFs.
Weren’t these approved?
Yes, according to US SEC documentation (screenshot below), including modifications to allow ETF providers to launch these products following the regulator’s requirements.
However, unlike those for Bitcoin, these funds haven’t officially opened for trading on stock markets.
