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Important days are ahead for the #ETHETFS. At least five issuers have submitted their amended 19b-4 documents, removing the staking component, suggesting that an approval for Ethereum ETFs could happen in the coming weeks or months. This development is incredibly positive for the industry.
Key decisions on Ethereum spot ETFs are imminent: VanEck's on Thursday, May 23, and ARK 21Shares' on Friday, May 24. These outcomes are crucial for both #BTC and #altcoins.
While it's essential to monitor market trends over news-driven events, many indicators are showing positive signs. A decrease in $BTC dominance is what we need right now. It would be wise to avoid leveraged trading or even opening the leverage screen over the next 2-3 days.
