News reports suggest that the approval of an exchange-traded fund (ETF) for Ethereum in the United States could potentially drive the price of Ethereum to $10,000. While the approval process by the Securities and Exchange Commission (SEC) may take several months, Andrey Stoychev, the Head of Brokerage at Nexo, believes that the launch of an ETF could be a significant catalyst for the price increase of Ethereum. Stoychev suggests that the introduction of ETH ETFs and similar products in the United States and Asia could be the main driving force behind Ethereum reaching $10,000 by the end of 2024.
Nexo’s Brokerage Head: Ethereum ETF Could Propel ETH Price to $10,000
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Nexo's Brokerage Head: Ethereum ETF Could Propel ETH Price to $10,000