Nansen Analyst: Trump administration may approve the first Ethereum ETF backed by collateral.

Nansen analyst Edward Wilson stated that with Trump's election victory, it could lead to the birth of the first Ethereum-backed Exchange Traded Fund (ETF). He said: "As the regulatory environment may be favorable for cryptocurrencies, we might even see the Trump administration approve an ETH-backed ETF, which would fully utilize the advantages of ETH as an asset. If this happens, then ETH will become an exciting asset worth paying attention to. In other words, ETH is becoming cool again." (Cointelegraph)