Crypto VC Andrew Kang predicts a 30% Ether price drop if US SEC approves spot ETH ETFs.

Crypto venture capitalist, Andrew Kang, predicts Ether (ETH) price could crash by almost 30% if the US SEC approves the trading of spot ETH ETFs. Kang argues that unlike Bitcoin, Ether attracts less institutional interest, and there are few incentives for converting spot Ether into ETF form. Ether currently trades at $3,410, and a drop to $2,400 would mark a significant decline in value.

June 24, 2024
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