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$ENA The current price is $0.94, as my prediction yesterday. #ENA #Write2Earn #ENAUSDT

$ENA The current price is $0.94, as my prediction yesterday.

#ENA #Write2Earn #ENAUSDT

إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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The SEC has approved the Ethereum Spot ETF for 8 issuers, but trading can't start just yet. The S-1 filings still need to be approved, and this process is expected to take a few more weeks. Interestingly, the approval of the Ether ETF might be influenced by political reasons. Instead of a direct vote, the SEC commissioners delegated the decision to the Trading Commission.
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There is currently a lot of confusion surrounding the ETH ETF: 1. Has the Ethereum ETF been approved? Yes, it has been approved under the 19b-4 filing. 2. When will trading begin? As outlined in the S-1 filing, companies are collaborating with the SEC on the details of their products. This process could take two weeks or more. 3. Is there a possibility that the S-1 filing might not be approved? Given that the 19b-4 filing has already been approved, there is no reason to believe the S-1 will be denied. It is just a matter of time. 4. Today, the commissioners authorized the SEC's market regulator to approve the Ether ETF without a vote. Does this mean the approval can be retracted? No, the commissioners themselves issued the authorization. While they can inquire about the decision, it is only for clarification. The Ether ETF has been approved.
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We'll find out the results of the Ethereum Spot ETF in about 7 hours. Over just 3 days, market sentiment has shifted noticeably, illustrating how fear and FOMO can change rapidly in this market.
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Standard Chartered predicts that the SEC will approve a Spot Ethereum ETF, which could attract $15 billion to $45 billion in the first 12 months. They also emphasize that these ETFs could push Ether's price to $8,000 by 2024. This forecast is very bullish and optimistic. A Spot Ether ETF will be excellent for Ether in the long term. However, in the short term, it's worth noting that Grayscale holds nearly 3 million Ethereum in their Trust. Some selling is likely to occur when transitioning to a Spot ETF, similar to what happened with the Bitcoin Spot ETF. $ETH
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