Ether was little changed after the SEC’s approval for ETH ETFs in the U.S. on Monday. The second-largest cryptocurrency traded around $3,500, just 0.2% higher than 24 hours ago. Still, it outperformed the wider digital asset market, which is 1.3% lower as measured by the CoinDesk 20 Index (CD20). Some analysts predict that the ETFs’ listings could drive the ether price up to $6,500, though inflows are not expected to be nearly as high as for their bitcoin counterparts. Steno Research predicts that the ETFs could see $15 billion-$20 billion of inflows in the first year, the same as bitcoin ETFs have taken in in just seven months.
Peter Schiff Rejects Bitcoin as Dollar Hedge, Backs Gold for Stability
TLDR Peter Schiff rejected Bitcoin as a hedge against the weakening U.S. dollar, calling it too volatile and speculative. He...
