TechFlow News, according to Cointelegraph, Bill Qi, Chairman of Cypher Capital and former Global Fundraising Head at Binance Labs, said: "It's no longer people within the crypto community pushing for ETF approvals—it's Wall Street firms doing everything they can to make it happen. The primary advocates for Ethereum ETFs will be institutional asset management companies. Launching ETFs and securing their approval is in their best interest because they are in the AUM (assets under management) business, and to grow AUM, they need ETF approvals."
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