An Ethereum (ETH) ETF launch is reportedly right around the corner. Many analysts anticipate the investment vehicle to make a debut sometime in mid-July. The launch of an ETH ETF could trigger a market-wide rally, similar to what we saw earlier this year with the launch of the Bitcoin ETFs.
These are three assets that might soar to all-time highs after the introduction of the ETH ETF.
Top 3 cryptocurrencies that could hit ATHs after the Ethereum ETF launch
Shiba Inu:
Shiba Inu (SHIB) is an ETH-based cryptocurrency that has experienced substantial success in its almost four-year history. The asset rallied by many million percent in its first year. The asset hit an all-time high of $0.00008616 in October 2021. SHIB’s price has since fallen by over 80%.
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The launch of an Ethereum ETF could lead to ETH-based assets to soar to unprecedented heights. SHIB may bear the fruits of such a development.
Pepe (PEPE):
Another ETH-based memecoin, Pepe (PEPE), may see a sharp increase in value following the introduction of an ETH ETF. The currency with a frog motif was one of the top-performing digital currencies in 2023, making it into the top 30 by market capitalization.
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PEPE has hit multiple all-time highs in its one year of existence. The asset reached a peak of $0.00001717 in May of this year. PEPE’s price has fallen by more than 46% since its May highs.
Bitcoin:
Bitcoin (BTC) is the market leader and will likely also benefit from an Ethereum ETF. The cryptocurrency market has seldom rallied without BTC making any positive moves. If an ETH ETF leads to a market-wide rally, BTC will likely not stay quiet. The original crypto will also probably ride the ETH ETF wave.