In a recent interview with Bitcoin podcaster Peter McCormack on the “What Bitcoin Did” podcast, MicroStrategy founder Michael Saylor expressed his optimism about spot Ether exchange-traded funds (ETFs) on a larger market scale. Saylor highlighted the significance of the U.S. Securities and Exchange Commission’s (SEC) approval of eight spot Ether ETFs on May 23, stating that it is beneficial for Bitcoin. He believes that these ETFs act as an additional safeguard for Bitcoin, as they bring potential political and industrial support to the entire cryptocurrency sector.
Could Ethereum (ETH) be on the Verge of a Significant Upward Breakout?
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