OKX CCO Lennix Lai: Ethereum ETF approval may be more important than Bitcoin ETF

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According to OKX analysis, if the SEC approves the spot Ethereum ETF this week, institutional investors will invest $500 million in the first week. Lennix Lai, global chief commercial officer of OKX, said, "The approval of the Ethereum ETF may be more important than the Bitcoin ETF." Lai also pointed out that "the potential approval of Ethereum as a trading agent under the traditional framework may bring a new wave of institutional demand." He believes that after the Ethereum ETF is approved, the price of Ethereum may soon break through the historical high. Since Monday, the price of Ethereum has risen by 24%. Several asset management companies, including BlackRock, Invesco Galaxy and Fidelity, are awaiting the final decision of the SEC. (DLNews)

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