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Ethereum is expected to reach $100,000 following its ETF approval. But, is the US Security and Exchange Commission ready? How long will the SEC take ?
Tracing Bitcoin’s footsteps reflects an exciting and accelerating future for Ethereum and its ecosystem. Bitcoin has surged by 35% since its ETF approval. Blackrock’s bitcoin exchange-traded fund (ETF) crossed $10 billion faster than any other US ETF in history.
Industry giants such as Grayscale and BlackRock are applying for approval, and industry experts are bullish on the likelihood of this milestone.
If approved, an Ethereum ETF may usher in a new era of accessibility, liquidity, and credibility for the Ethereum ecosystem as well as the whole cryptocurrency industry. While the SEC has not yet officially decided, many experts believe that approval will take place in 2024.
