According to OKX analysis, if the SEC approves the Ethereum spot ETF this week, institutional investors will inject $500 million in the first week. OKX Global Chief Business Officer LENNIX LAI stated, "The approval of the Ethereum ETF may be more significant than the Bitcoin ETF." LAI also pointed out, "The potential approval of Ethereum as a trading proxy under the traditional framework may bring a new wave of institutional demand." He believes that after the approval of the Ethereum ETF, the Ethereum price may quickly break through its historical high. Since Monday, the price of Ethereum has already risen by 24%. Several asset management companies, including BLACKROCK, INVESCO GALAXY, and FIDELITY, are awaiting the SEC's final decision.

According to OKX analysis, if the SEC approves the Ethereum spot ETF this week, institutional investors will inject $500 million in the first week. Lennix Lai, the Chief Business Officer of OKX Global, stated, "The approval of the Ethereum ETF may be more significant than the Bitcoin ETF." Lai also pointed out that "the potential approval of Ethereum as a trading proxy under the traditional framework may bring a new wave of institutional demand." He believes that after the approval of the Ethereum ETF, the Ethereum price may quickly surpass its all-time high. Since Monday, the price of Ethereum has already risen by 24%. Several asset management companies, including BlackRock, Invesco Galaxy, and Fidelity, are awaiting the SEC's final decision. (DLNews)

OKX CCO LENNIX LAI: Approval of Ethereum ETF More Important Than Bitcoin ETF