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Analysts from Bernstein predicted that the price of Ethereum could rise to $6600 if an ETF based on this asset is approved
Bernstein analysts Gautam Chhugani and Manika Sapra stated in their forecast published on DL News that the approval of spot exchange-traded funds based on Ethereum by the US Securities and Exchange Commission (SEC) would lead to a 75% increase in the price of this cryptocurrency, reaching $6600.
Since the beginning of April, over 1 million new tokens have appeared in blockchains
Since the beginning of April, the number of new tokens emerging in the blockchain has exceeded 1 million. According to information from Dune, of this number, over 370,000 were issued on Ethereum, and around 640,000 on Solana.
Interest in crypto funds has returned after four weeks of outflows
According to CoinShares data, $130 million flowed into cryptocurrency investment products from May 4th to 10th.
Tom Lee confirmed his forecast for Bitcoin at $150,000 by the end of the year
On CNBC, the co-founder of the analytical company Fundstrat, Tom Lee, reiterated his forecast that the price of the leading cryptocurrency would reach $150,000 by the end of 2024.
Mainland China to Gain Access to BTC-ETFs in Hong Kong
Investment funds registered in Hong Kong and linked to Bitcoin may soon become available to Chinese investors. This was reported by Richard Bayworth, managing partner of SyzCapital.