The popular crypto controversial CNBC Mad Money host Jim Cramer caught the broader digital currency ecosystem unawares with his positive prediction for spot Ethereum ETF.
Jim Cramer Acknowledges Spot Bitcoin ETF Growth
Per Cramer’s post on X, there is a very high likelihood that spot Ethereum ETF approval will come from the United States Securities and Exchange Commission (SEC) very soon. He hinged his prediction on the success that the spot Bitcoin ETF market has recorded in the last few weeks after being greenlighted by the securities regulator.
Given the success of the bitcoin etf it’s pretty obvious that an ethereum etf will soon bloom
— Jim Cramer (@jimcramer) February 28, 2024
The spot Bitcoin ETF market has registered more than $6 billion in inflows so far with BlackRock’s IBIT leading the train. On Tuesday, IBIT registered a massive $520 million inflow from a net inflow of $577 million. This meant that up to 10,167.5 BTC was added to the general spot Bitcoin pool. T
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