QCP Capital: The first round of spot ETH ETF will end this week

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According to QCP Capital, the first round of spot ETH ETFs will end this week, VanEck on May 23 and Ark Invest/21Shares on May 24; ETHBTC reached the February 2021 level last Friday, coupled with low interest in the options market, suggesting that the market expects rejection and no events will occur. ETH has successfully defended the $2,900 mark several times this year and formed strong support. If approved, ETH's price trend may be better than BTC.

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