On the tenth anniversary of Ethereum's ICO financing, ETH spot ETF was approved❗
Issuance price 0.308U, up to 12700 times❗
On July 22, 2014, Ethereum officially launched ICO financing. The team raised funds by pre-selling ETH at the time, raising a total of 31,529 bitcoins (the exchange rate was 1 bitcoin for 2000 Ethereum). According to the market price at the time, the funds raised exceeded US$18 million.
Ten years later, the New York Stock Exchange ARCA is approving the listing of 5 Ethereum spot ETFs including VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton.
As Ethereum researcher Justin Drake said, "ETH is blockspace currency. Since EIP-1559, 4.3 million ETH has been burned to pay gas fees. Millions more ETH will be used for blockspace.
Through staking, ETH provides $100 billion in economic security for Ethereum, 10 times that of Bitcoin. ETH is also a high-quality collateral for DeFi and re-staking, unlocking scale economy bandwidth for the Internet of Value. ETH is now widely recognized as a digital commodity. The institutional journey is about to begin.
