Demand Surge:The launch of an ETF often leads to a surge in demand for the underlying asset. In this case, higher demand for Ethereum to back the ETF shares could drive up its price.
Market Dynamics:The anticipation of an ETF approval alone can influence market dynamics, often resulting in a pre-approval price rally.

enjoy the dudegen  @fomoinvest
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1 $degen

I am an active and knowledgeable individual in the cryptocurrency space. With a deep understanding of blockchain technology and digital currencies