Regarding Ethereum's ETF, the dates that can be confirmed are July 8-July 12 (next week) and July 15-July 19 (the week after next), and the probability of next week is higher.
This week, major ETF institutions applying for ETH resubmitted updated S-1 documents according to the requirements of the SEC.
Given that the updated content has not changed much, the update of this document will be closed as of July 8, and the final approval process will begin at that time.
Unless the SEC requires the S-1 content to be modified again, but this possibility is small, because the S-1 modification this time is already in a state where there is no room for modification, and the SEC basically has not many problems to pick.
It will be passed in the week of July 15 at the latest. I hope that next week's ETF can bring new vitality to the crypto market. With the release of selling pressure and pessimism, market sentiment should improve.
In short, the most difficult stage is finally over, and many big negatives have landed. The liquidation data in the past few days is already comparable to the FTX explosion at the end of last year, and the bottom characteristics are gradually increasing. I suggest that you don't be too bearish. We may be at the bottom now, and the answer will be revealed in a few months.
