Cryptocurrency Authority Predicts Ethereum ETF May Propel Arbitrum to Record Peaks Assessing the Trajectory of This ERC20 Token

With the Ethereum ETFs anticipated for approval in July, experts weigh in on the potential ETH price movement in 2024. The consensus is that the ETFs will likely bolster the entire Ethereum ecosystem, particularly benefitting the rapid layer 2 solution Arbitrum (ARB) and a novel ERC-20 project presently in presale. This new project enables average traders to invest in various financial products, including ETFs.

Expectations are high that Ethereum ETF approval could propel ETH price to surpass $4000 and even further.
The focus now zeroes in on ETH as the Spot Ethereum ETFs await the eagerly awaited approval scheduled for July 4.

Drawing from the experience with the Bitcoin ETF, initial selling pressure might emanate from non-Spot Ethereum ETFs like Grayscale. Grayscale’s application for an Ethereum Spot ETF implies that it will take some time before the outflows from the Grayscale Ethereum Trust align with the inflows from the Ethereum ETFs. Subsequently, we anticipate a surge in ETH price, potentially surpassing the $4000 mark, with Coin Bureau indicating a short-term target ETH price of $4100.

Rachel Lin, CEO of SynFutures, holds an even more optimistic outlook, foreseeing the ETH price soaring to $15,000-$22,000 within this cycle.

The narrative surrounding Bitcoin Spot ETFs attracted substantial investment by framing it as ‘Digital Gold’. Similarly, for Ethereum, the discourse championed by Blackrock and other asset managers postulates it as the official platform for Real World Assets (RWAs).

Asset managers like Larry Fink have displayed prolonged optimism regarding the blockchain’s tokenization of RWAs. The creation of ERC-3643 through an EIP has fortified RWAs on Ethereum, potentially catalyzing a significant impact on ETH price once institutional investors gain access through Ethereum ETFs.

Arbitrum (ARB) is poised to thrive on Ethereum’s triumphs and RWA investments.
Experts from Coninglass anticipate that Ethereum ETF approvals will particularly benefit Layer 2 solutions on Ethereum, such as Arbitrum (ARB).

Anshuman Roy, an Arbitrum (ARB) specialist from Coinchapter, projects an upswing in usage due to the ETFs, subsequently leading to increased chain congestion and gas fees. This scenario creates a ripe opportunity for the faster and more cost-effective Arbitrum (ARB) to attract more users.

The Arbitrum (ARB) DAO foundation isn’t overlooking Real World Assets either. A recent announcement disclosed their investment of $29 million worth of Arbitrum (ARB) in RWAs, with plans to allocate an additional 1% annually from the Arbitrum (ARB) treasury to RWAs.

The dynamics highlighted in the Arbitrum (ARB) price surge, following the impending RWA approvals on Ethereum, underscore the interconnectedness of these two digital assets.

In parallel, a decentralized trading platform catering to RWAs and beyond emerges.
TradFi’s optimism towards RWAs can now be accessible to everyday investors through a groundbreaking ERC-20 token and venture named DTX Exchange.

DTX Exchange, currently in presale, presents a unique ‘hybrid model’ trading platform boasting over 120k financial instruments. Among its offerings are tokenized RWAs linked to precious metals like gold.

Operating on the Ethereum network, DTX Exchange offers full decentralization, eliminating the need for KYC and leveraging the transparency inherent in web3 projects due to blockchain’s immutability.

In a departure from the centralized exchanges like Binance, Coinbase, and the now-defunct FTX, known for their dubious practices, DTX Exchange’s ascent is projected to be notable.Entering the presale phase, DTX Exchange is anticipated to skyrocket by 200% before the official launch. Given its promising trajectory, modest market cap, and timing of the presale, DTX is poised for substantial growth from that point onward.

Explore DTX Exchange presale.