{"id":308193,"date":"2024-05-23T20:11:27","date_gmt":"2024-05-23T14:41:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=308193"},"modified":"2024-05-23T20:11:27","modified_gmt":"2024-05-23T14:41:27","slug":"ethereum-to-hit-all-time-highs-very-very-soon-should-etf-be-approved-says-economist-alex-kruger-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-to-hit-all-time-highs-very-very-soon-should-etf-be-approved-says-economist-alex-kruger-crypto-news\/","title":{"rendered":"Ethereum To Hit All-Time Highs \u2018Very Very Soon\u2019 Should ETF Be Approved, Says Economist Alex Kr\u00fcger &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Closely followed economist Alex Kr\u00fcger believes approval of a spot Ethereum (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\/\">ETH<\/a>) exchange-traded fund (ETF) could quickly send the top altcoin to new all-time highs (ATHs).<\/p>\n<p>In a new Unchained \u201cBits + Bips\u201d podcast, Kr\u00fcger <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=aMTT8E2dzRk\">says<\/a> the market has yet to price in a spot ETH ETF approval.<\/p>\n<p>He predicts an approval will send Ethereum soaring against Bitcoin (ETH\/<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) to at least .070 BTC ($4,865) within months.<\/p>\n<p><em>\u201cIf the ETF gets approved, which seems like it\u2019s likely now, it\u2019s kind of clear that with an ETF approval, we\u2019re going to see all-time highs very, very soon. Because the market is not positioned for it. You were saying 25%. I would even think that the market had priced in almost like 0% probability or as close as it gets to no chance whatsoever. <\/em><\/p>\n<p><em>ETH has been one of the most hated coins, if not the most hated coin of this cycle, and it\u2019s reflected on price. ETH\/BTC is like .052 BTC. So it does make sense for that to go all the way up to at least .070 BTC ($4,865) in the next couple of months. These things happen usually rather fast.\u201d<\/em><\/p>\n<p>Kr\u00fcger also believes there are institutions that would move to invest in an ETH ETF product.<\/p>\n<p><em>\u201cI think there\u2019s a lot of demand out there.\u201d<\/em><\/p>\n<p>ETH\/BTC is trading for 0.05362 BTC ($3,731) at time of writing. ETH reached an all-time high of about $4,900 in November 2021.<\/p>\n<p><iframe loading=\"lazy\" title=\"Bits + Bips: Is US Politics Driving the ETH ETF Approval?\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/aMTT8E2dzRk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Closely followed economist Alex Kr\u00fcger believes approval of a spot Ethereum (ETH) exchange-traded fund (ETF) could quickly send the top altcoin to new all-time highs (ATHs). In a new Unchained \u201cBits + Bips\u201d podcast, Kr\u00fcger says the market has yet to price in a spot ETH ETF approval. He predicts an approval will send Ethereum [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":308194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-308193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/308193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=308193"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/308193\/revisions"}],"predecessor-version":[{"id":308196,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/308193\/revisions\/308196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/308194"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=308193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=308193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=308193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}