Why ETH Spot ETF Approval Is Bigger Than Bitcoin ETF?

Today, the SEC approved all the ETH ETFs.

Let's find out why this is a game-changer.

1) Altcoins Security Status

- The SEC has said that every altcoin is a security.

From BNB to XRP to TRX, the SEC has gone after almost every altcoin.

- The reason is that most of the

altcoins had an ICO, which makes them security as per the SEC

- After ETH ETF approval, this scenario will completely change as most of the altcoins operate similar to Ethereum, so they can't be security.

2) Massive money inflow

- Last cycle, BTC experienced some institutional money inflow from Microstrategy, Tesla, and a few other companies.

- With altcoins, they still don't have much institutional inflow, but this will change now.

- The institutions that will invest in ETH will also look into other altcoins, which will result in billions of dollars of money influx.

3) More ETFs approval

- Wall Street will not stop at ETH ETF approval.

- Once the ETH ETF starts trading, there'll be other ETF applications for different altcoins too.

- There could also be an ETF approval for this cycle, which has a basket of altcoins.

- All these things will trigger an altseason that the crypto market has never witnessed.

ETH ETFs have completely changed the game for altcoins.

People were worried that we wouldn't see altseason this cycle as the money inflow in BTC wouldn't go into alts simply because they're coming through ETFs.

But now, with ETH ETF approval, I'm expecting the biggest altseason, which will help you make life-changing gains.

Source: Ash Crypto