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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

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    BeraTone NFT Avatars Are Now Minting Live on OpenSea

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    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

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    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

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    Blockchain And Crypto Are Future of Online Gambling

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    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

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    Why GamStop Players Try Competitive Gaming

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    Ethereum Games ‘Realms of Alurya’ and ‘Wonder Wars’ Latest to Go Offline

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    Real-World Asset NFTs Emerge as the Next Big Crypto Trend in May 2025

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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Jim Cramer makes ‘pretty obvious’ prediction about Ethereum ETFs

February 29, 2024
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Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

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Posted: February 29, 2024

Amidst Ethereum’s [ETH] recent 16% surge in the past week, Jim Cramer, a respected market analyst and TV host, predicted that Ethereum ETFs’ will become the next big thing. 

On the 28th of February, Jim Cramer took to X (formerly Twitter), drawing parallels between Bitcoin’s [BTC] ascent and Ethereum’s surge to $3,400, said, 

“Given the success of the bitcoin ETF, it’s pretty obvious that an Ethereum ETF will soon bloom.”

Coinbase backs spot Ethereum ETFs

Fueling the event further, currency exchange Coinbase formally petitioned the Securities and Exchange Commission (SEC) to greenlight the trading of the Grayscale Ethereum Trust on the NYSE Arca platform.

Coinbase recently submitted a comprehensive response to the SEC for a spot Ethereum ETF proposal, advocating for the approval of Grayscale Ether Trust. They argued,

“ETH’s market depth, tightness of spreads, and price correlation across spot markets are highly indicative of a market resilient to fraud and manipulation.” 

This strategic move reflected a broader industry trend, with major financial players like Fidelity and BlackRock also pushing for Ethereum ETFs to be established.

The increasing optimism 

As per Bloomberg, the Standard Chartered had also predicted,

“Ethereum’s price will surge to $4,000 pending SEC approval in May.”

The optimism around Ethereum ETFs was also reflected in the sentiments of industry leaders like Grayscale’s Sonneshein who confidently anticipates the greenlighting of such financial products in 2024. 

See also  Will SEC be sued if Ethereum ETFs are rejected? Analysts weigh in

Additionally, ETF expert James Seyffart echoes this sentiment, expecting an ETF product to receive approval this year.

Hence, market analysts and financial leaders’ consensus reflects growing confidence in cryptocurrency’s integration into mainstream investments.

Next: Why is Bitcoin’s current bull rally the ‘most hated’?

Tags: CramerETFsEthereumJimObviousPredictionPretty

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