Bitget Research Institute: With the approval of the 19b-4 filing of the Ethereum ETF, ETH is expected to break through $4,800

Yesterday, the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 filing for the Ethereum (ETH) ETF, which is an important milestone in the cryptocurrency market. The 19b-4 rule is a rule established by the U.S. Securities and Exchange Commission (SEC) to regulate the trading of securities listed on stock exchanges, which is a key step in providing investors with regulated Ethereum investment channels. However, the listing of the ETH ETF in the U.S. capital market also requires the approval of the S-1 registry, which contains detailed information about the ETF structure and management. Therefore, the market expects that the ETH ETF will be successfully listed in 2-3 weeks at the earliest and 1-2 months at the latest. Bitget Research Institute pointed out that the current market reaction is generally positive. The approval of the 19b-4 filing increases the probability of full approval of the ETF, and it is only a matter of time before it is listed in the U.S. capital market. The price of ETH has risen by nearly 25% in the past 7 trading days with the expected impact before and after the approval. With the successful approval of the ETH ETF, the ETH ETF may become a buying force for traditional funds to directly buy ETH. Since the market value of ETH is still relatively low, the impact of capital inflows may be huge, and it is highly likely that ETH will hit a new high of $4,800 in the future; from an ecological perspective, there will be more high-quality and innovative projects deployed in the Ethereum ecosystem in the future, forming a strong support for the Ethereum ecosystem; from the perspective of industry impact, the approval of the ETH ETF is expected to enhance the credibility of Ethereum and attract more institutional investors, which will further promote the growth of its market value and the globalization and popularization of crypto assets.