Crypto asset trading firm QCP Capital suggested that if spot Ethereum exchange-traded funds are approved in the U.S., the price of ether could rally 60% in the coming weeks to around $6,000 — if the spot Bitcoin ETFs are anything to go by.

Bitcoin rose 66% from around $44,500 to a peak of $73,800 in the two months following the Security and Exchange Commission’s approval of spot Bitcoin ETFs on January 10, according to The Block’s price page.

The SEC has final deadlines on Thursday and Friday to decide whether to approve or deny the applications for spot Ethereum ETFs submitted by VanEck and Ark Invest, respectively. Invesco, Fidelity, BlackRock, Grayscale, Franklin Templeton, and Bitwise are also among the spot Ethereum ETF applicants submitting last-minute changes to their filings …