• Crypto trader James Fickel borrows $25M in WBTC to buy Ethereum.
• Fickel’s trade suggests a bullish outlook on Ethereum and expects ETF approval.
• SEC review of filings seen as a positive sign for Ethereum ETF approval.

Prominent crypto trader James Fickel engaged in a recent transaction that suggests a bullish outlook on Ethereum compared to Bitcoin. The move has fueled speculation about Fickel’s optimism regarding the potential approval of Ethereum ETFs by the SEC.

According to data sourced from Etherscan and shared by crypto analytics handle Lookonchain, Fickel borrowed approximately 350 Wrapped Bitcoin (WBTC) equivalent to $25 million from the decentralized finance platform Aave. He then exchanged these for about 6,905 ET. This move indicates Fickel’s positioning for potential gains in the ETH/BTC trading pair.

The post Crypto Trader Bets Big on Ethereum, Hints at ETF Approval appeared first on Coin Edition.

• Crypto trader James Fickel borrows $25M in WBTC to buy Ethereum.
• Fickel’s trade suggests a bullish outlook on Ethereum and expects ETF approval.
• SEC review of filings seen as a positive sign for Ethereum ETF approval.

Prominent crypto trader James Fickel engaged in a recent transaction that suggests a bullish outlook on Ethereum compared to Bitcoin. The move has fueled speculation about Fickel’s optimism regarding the potential approval of Ethereum ETFs by the SEC.

According to data sourced from Etherscan and shared by crypto analytics handle Lookonchain, Fickel borrowed approximately 350 Wrapped Bitcoin (WBTC) equivalent to $25 million from the decentralized finance platform Aave. He then exchanged these for about 6,905 ET. This move indicates Fickel’s positioning for potential gains in the ETH/BTC trading pair.

The post Crypto Trader Bets Big on Ethereum, Hints at ETF Approval appeared first on Coin Edition.