There is a general buzz surrounding ETH that it might catapult to newer heights and bring in something different and groundbreaking to the mix. However, experts believe that this might not be the case.
False Bull
Experts in crypto analytics firms believe that the strong bullish sentiments people anticipate might not come true. The assumption that the token is about to undergo a major upheaval was generally sparked after the announcement of the Pectra and the Fusaka upgrade of the blockchain.
Just last week, the assumption gave rise to a whale activity, where an institutional whale transferred nearly $229 million worth of ETH into the blockchain. This kind of major selling activity has raised concerns among investors and analysts.
XRP ETF Might Not Come In 2025
On the other hand, we have the rumors of a Ripple-backed ETF. This is another piece of information that has created a lot of buzz in the blockchain. People are considering this an opportunity that could give relief to long-term holders who have been suffering due to the SEC vs. XRP lawsuit.
This is another empty promise that traders hold on to in futility. The lawsuit between the parties has reached another crucial point, when both parties are back to square one. This backtracking could significantly impact the process of introducing an ETF.
Subsequently, the SEC is already in the process of approving 25 other ETFs. Therefore, it is safe to say that the organization has its hands full. Hence, the light at the end of the tunnel for XRP is dimming significantly.
