๐จ๐๐๐ฐ๐จ ETH ETF Update ๐จ๐๐๐ฐ๐จ
Summary: The ups and downs are part of the journey, but the approval of the ETH ETF is inevitable.
**1. When will the spot ETH ETF be approved?**
Comment: Expect full approvals to roll in by fall, around September to November. On June 29, the SEC returned the S-1 forms with comments, asking issuers to address these and resubmit by July 8. This implies at least one more round of filings before the ETF can start trading. Early July is unlikely for the launch.
The review process can take 60 to 120 days! Post-filing, from July 8 to July 20, we anticipate growth in coins like ETF and ETHFI in our portfolio. Traders will position themselves ahead of the ETH ETF approval news, leading to price reactions starting around July 15. We're poised for profits, and now's the time to use DCA at these attractive prices!
Reminder: This is not a trading strategy! Always conduct your own research before investing! Here's to everyone in the profit game! $ETH $ETHFI