DeFiance Capital founder: ETH price may hit $4,500 before ETH ETF launches

Golden Finance reports that Arthur Cheong, founder and CEO of cryptocurrency investment company DeFiance Capital, said that before the first spot Ethereum exchange-traded fund (ETF) is officially approved, the price of Ethereum may rise to as high as $4,500. close. Previously, the U.S. Securities and Exchange Commission (SEC) approved 19b-4 applications from eight spot Ethereum ETF issuers on May 23, allowing them to be listed and traded on their respective exchanges. Bloomberg ETF analyst James Seyffart wrote in a May 20 This may take several months.