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Spot Ether ETFs more significant than BTC ETFs for the broader cryptos industry – Analysts
The approval of the first spot Bitcoin (BTC) exchange-traded fund (ETF) in the U.S. marked a historic day for the cryptocurrency ecosystem as it brought greater legitimacy to the asset class, opened the door for the trillions in funds held by institutions to flow into cryptocurrencies, and paved the way for other digital assets to be listed as ETFs. While it is highly unlikely that the vast majority of tokens would ever gain ETF approval, certain projects have a better chance than others, including Ethereum (ETH), the second-ranked crypto by market capitalization and the top smart contract platform. Previous ... (full story)