QCP Capital: If a spot ETF is approved, ETH could reach $5,000 this year; if rejected, it could fall back to $3,000

PANews reported on May 21 that Singapore-based crypto investment firm QCP Capital stated in an article that regarding the rumors of the U.S. Securities and Exchange Commission (SEC) possibly approving an Ethereum spot ETF, the company's view is that spot prices are unlikely to stabilize here. If approved, the price will be closer to the short-term target of $4000 and may reach $5000 later this year. If rejected, the price will fall back to $3000. This uncertainty has led to higher volatility, but a better trade might be the spot-futures basis, with yields now exceeding 10% again.