QCP Capital: If a spot ETF is approved, it will push ETH to $5,000 this year
2024-05-21 07:14:38
QCP Capital, a Singapore-based crypto investment agency, wrote that in response to rumors of a possible (Ethereum spot ETF) market from the Securities Exchange Commission (SEC), the company's view is that the spot price is unlikely to stabilize here, and if approved, the price will be closer to the short-term target of $4,000, which could reach $5,000 later this year, and if rejected, the price will fall back to $3,000. This uncertainty has led to higher volatility, but a better deal could be the spot futures base, which is now yielding more than 10% again.
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