Ethereum Price Prediction: As Bernstein Says Trump Likely To Approve ETH ETF Staking Yields, This Crypto Wallet ICO Closes On $2 Million
The Ethereum price has slumped 3% in the last 24 hours to trade at $3602 as of 8:50 a.m. EST on a 54% jump in trading volume to $41 billion. Despite the plunge in the ETH price, analysts at research and brokerage firm Bernstein say that staking yields for spot Ethereum ETFs (exchange-traded funds) in the US are likely to be approved by the incoming administration of Donald Trump. Bernstein analysts are bullish on Ethereum's potential, with staking yields for spot ETFs possibly getting approved under the crypto-friendly "Trump 2.0" SEC. Despite a rough year, $ETH's strong fundamentals and rising blockchain activity could fuel a major rally. Are we… — Aiura (@Aiura_AI) December 2, 2024 The Securities and Exchange Commission denied staking yields from being offered by Ethereum ETFs it approved earlier this year. “Under a new, crypto-friendly Trump 2.0 SEC, ETH staking yields will likely be approved,” Bernstein said. Ethereum Price Gears Up For Another Bulli...