Cryptocurrencies Price Prediction: Ethereum, Cryptos & Ripple – American Wrap 15 July
Ethereum ETFs to launch next Tuesday. Here’s why ETH's price could be set to explode
Ethereum is up nearly 7% on Monday following updates from Bloomberg analysts that the Securities & Exchange Commission (SEC) would potentially greenlight spot ETH ETFs to launch next week Tuesday. The increased inflows across global Ethereum investment products also align with the new development, as traditional investors seem to be preparing for a potential rally ahead of the launch.
CoinShares’ report on Monday showed that crypto ETFs experienced over $1.44 billion in net inflows last week as most traditional investors saw the market drawdown as a potential buy-the-dip opportunity.
Ripple (XRP) noted the highest weekly gains in 2024 over the weekend as XRP holders celebrated the one-year anniversary of Judge Torres’ ruling in the SEC vs. Ripple lawsuit. XRP rallied to a peak of $0.5661 on Saturday, July 13.
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