Ether Could Be the Next ‘Institutional Darling,’ Bernstein Says
The second-largest cryptocurrency is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said.
The second-largest cryptocurrency is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said.
However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said.
Several traditional financial firms are vying for an ether exchange-traded fund in the U.S., a move that is boosting the token’s medium-term outlook.
Capital locked on restaking protocols is now at $10 billion, in December it was just $350 million.
Taurus, which counts Deutsche Bank and Santander as partners, expects European jurisdictions to follow Switzerland’s example.
The validator entry queue has jumped to 7,045, the highest since Oct. 6, according to veri source ValidatorQueue.
A decision for approving or denying a joint Ether ETF product has been pushed back, in line with analyst expectations.
Market enthusiasts expect the year of the dragon to bring good fortune for the crypto market, but more traditional analysts advice caution.
The ether-bitcoin forward term structure is downward sloping structure, which means that traders expect ETH to perform weaker than BTC as time goes by, one trader said.
Next week, on Feb. 7, Dencun will go live on its final Ethereum testnet, Holesky. After that, developers will ink in a date to activate Dencun on the main blockchain.