Experts are closely watching the upcoming launch of the first Ethereum ETF in the United States. They want to see how it will affect the cryptocurrency market. Analysts are watching the upcoming launch closely. They want to see how the first Ethereum ETF will affect the crypto market in the United States.

SEC Approval and Final Stages
Experts believe that the US Securities and Exchange Commission (SEC) will likely approve Ethereum ETFs by July 4. The discussions between asset managers and regulators are in their final stages, with minor issues being resolved. Due to the confidential nature of these talks, industry insiders are requesting anonymity..
Comparing Ethereum and Bitcoin ETFs
Although Bitcoin-based ETFs were highly successful, attracting around $8 billion in assets earlier this year, experts are less optimistic about the debut of Ethereum ETFs, james Butterfill a research head at Coinshares, highlights that Ethereum’s market cap and trading volumes don’t match those of Bitcoin, ETF analyst at Morningstar Bryan Armour, predicts that inflows for Ethereum ETFs will be more subdued.

Bullish Outlook
Despite differing opinions, some experts remain bullish. Quinn Thompson, founder and CIO of Lekker Capital, sees the current market as an attractive buying opportunity for Ethereum. Thompson dismisses negative sentiment on Twitter and predicts ETH reaching $7,000 and BTC attempting $100,000 by the November election1.
The Glassnode co-founders also share a positive outlook, comparing Ether’s current structure to early 2021 bull market patterns. They suggest a potential final high of around $7,500 for Ether, mirroring Fibonacci extensions1.
Market Sentiment
Many experts believe that Ethereum could reach $7,000 and Bitcoin may try to hit $100,000. However, it’s essential to be cautious, as any additional price drops would probably need new external factors.

Conclusion
The Ethereum ETF launch is eagerly anticipated, but its impact remains uncertain. Investors should stay informed and consider the evolving market dynamics.
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