The cryptocurrency market in 2023 was buzzing with anticipation for the emergence of ETFs. As the year progressed, this trend gained momentum and reached its pinnacle with the official endorsement of spot Bitcoin ETFs on January 10th. This significant development triggered a flurry of market activity, ultimately leading to an all-time high (ATH) in March. The surge in Bitcoin’s value sparked widespread conversations and deliberations surrounding the possibility of spot Ethereum ETFs.
After a period of uncertainty, the long-awaited approval for an Ethereum ETF finally materialized on May 23rd, eliciting a collective sigh of relief from market participants. Notably, VanEck, a prominent player in the financial industry, also weighed in on the matter, expressing their views on Ethereum and its potential implications.
