As the initial excitement surrounding Bitcoin ETFs approved by the US Securities and Exchange Commission (SEC) subsides, investors are redirecting their attention to the potential launch of an ETH spot ETF.
This shift in focus sets the stage for Ethereum’s ascendancy. Meanwhile, top crypto coins like Quant (QNT) and InQubeta (QUBE) have emerged as promising contenders in the crypto arena.
Focus shifting to Ethereum ETFs
The initial buzz following the SEC decision on Bitcoin ETF is fading, evidenced by Bitcoin’s recent drop. According to insights from crypto trading firm QCP Capital, the narrative has pivoted towards the prospect of an Ethereum spot ETF, contributing to Ethereum’s recent surge.
QCP Capital shared that they saw $9.8 billion in trading volume covering all 11 ETFs recently. The Grayscale Bitcoin Trust (GBTC) played a big part, contributing a hefty $4.6 billion to that impressive total. However, since its conversion from a Trust to an ETF, GBTC has seen outflows of $1.17 billion.
Ethereum, represented by the ETHBTC pair, is displaying an upward trend. The medium-term outlook anticipates Ethereum continuing to outperform Bitcoin, driven by the shifting narrative toward potential ETH spot ETF approvals.
Quant (QNT): bridging the gap between blockchains
Quant (QNT) is emerging as a good crypto to buy in blockchain interoperability, offering a comprehensive solution to facilitate seamless integration and communication between diverse blockchain networks. Using its Overledger technology, Quant functions like a bridge, allowing different blockchains, older systems, and centralized networks to communicate seamlessly.
Quant has been staying above $110 in recent days, and what makes it attractive to big institutional players is its ability to work in industries like healthcare, supply chain management, and finance. Quant’s Overledger technology boosts operational efficiency, security, and transparency across different sectors.
As institutions recognize the value of blockchain interoperability, Quant’s technology becomes an enticing solution for navigating the complexities of diverse networks.
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