News Formal

Ether Futures ETF Approval Might Be Bearish for Market, Analyst Says

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

No, potential approval of ETF on Ethereum (ETH) futures contracts will not trigger next rally for crypto

Chief Investment Officer at Moskovski Capital Bitcoin analyst Lex Moskovski slams the uber-bullish sentiment of Ethereans excited by the potential approval of the Ether Futures ETF by the U.S. Securities and Exchange Commission.Analyst Lex Moskovski indicated at least three situations in which big"approval" events resulted in a massive crash for major cryptocurrencies.

For the majority of altcoins, their listings in the futures section of now-defunct FTX exchange also marked historic highs. Here's why potential approval of Ether-Futures ETF products in the U.S. should not be considered a bullish factor.Typically, analysts wait for crypto ETF approval and claim that these announcements are able to trigger the much-anticipated rallies of major coins.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Futures Market | Cryptocurrency Futures TradingBinance Futures - The world's largest crypto derivatives exchange. Open an account in under 30 seconds to start crypto futures trading.
Source: binance - 🏆 561. / 51 Read more »