Summary
- It was reported that both Bitcoin and Ethereum saw significant price appreciation after the launch of spot ETFs.
- Bitcoin surged about 2.6 times, from $47,000 at the time of the spot ETF launch to $123,000 currently.
- Ethereum also increased from $3,500 to $4,700 after the spot ETF launch.
Both Bitcoin (BTC) and Ethereum (ETH) have recorded substantial price increases following the launch of spot ETFs.
On the 14th (local time), Nate Geraci, CEO of Novadius Wealth Management, said on X (formerly Twitter), "The criticism that cryptocurrency spot ETFs would serve as 'exit liquidity' has proven to be unfounded."
He further explained, "When the Bitcoin spot ETF launched in January 2024, Bitcoin was priced at $47,000, but it now stands around $123,000, a rise of approximately 2.6 times. For Ethereum, when its spot ETF was launched in July last year, it was $3,500, and it is now up to $4,700."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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