Ethereum

Spot

Coin

<ul class="news-points">
 <li>Kraken’s Thomas Perfumo identified Ethereum ETF as the biggest bull catalyst in the second half 2024.</li>
 <li>He predicts Ethereum spot ETFs could see a $1 billion monthly inflow.</li>
 <li>The upcoming U.S. election could also significantly impact the crypto market, according to Perfumo.</li>
</ul>
An Ethereum spot ETF could unleash a new wave of capital, a potential $1 billion monthly inflow, into the crypto market according to Thomas Perfumo, Head of Strategy at Kraken.
In an <a href="https://www.bloomberg.com/news/videos/2024-07-12/kraken-head-of-strategy-ethereum-etf-is-a-big-deal-video" target="_blank" rel="noopener noreferrer nofollow">interview with Bloomberg</a>, Perfumo outlined several bullish catalysts for the crypto market in the second half of 2024, with the Ethereum spot ETF being the most significant.
Perfumo stated that the crypto market still has four big catalysts for this second half of the year, with the Ethereum spot ETF the most potent. He believes that approval to trade this product will attract attention from the broader financial community and lead to substantial capital inflows into the market.
The Kraken executive described this development as a “rising tide lifts all boats” story, suggesting that it will positively impact the entire crypto market. Another bullish catalyst Perfumo identified is the growing trend of Bitcoi…
The post <a href="https://coinedition.com/ethereum-spot-etf-approval-could-lift-all-crypto-boats-says-krakens-perfumo/" rel="noopener noreferrer nofollow">Ethereum Spot ETF Approval Could Lift All Crypto Boats, Says Kraken’s Perfumo</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum Spot ETF Approval Could Lift All Crypto Boats, Says Kraken’s Perfumo

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