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SARMAD SAHRO
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ETH ETF approved ✅ #ETHETFS
ETH
ETF approved ✅
#ETHETFS
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Spot ETH ETFs could see 25% of the demand of BTC counterpart – Bloomberg analysts
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Happy Saturday! The global crypto market cap is $2.57 trillion, with a 24-hour volume of $62.29 billion. The price of Bitcoin is $68,923.21, and $BTC market dominance is 53.0%. The price of Ethereum is $3,747.42, and $ETH market dominance is 17.6%. #btc70k #ETHETFsApproved
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#ETHETFsApproved , why is $ETH not $4000+? -ETFs haven’t actually launched yet, which means that new capital inflow has yet to come -Since the SEC pivot earlier in the week, anyone buying the approval has arguably already bought (price is still +21% on the week) -Launching an ETF requires approval from the SEC on two filings: 19b-4 (exchange rule changes) and S-1 (registration statement). Only the 19b-4 was approved yesterday, not the S-1. By contrast, the S-1 for BTC was ready ahead of the 19b-4, which resulted in the approval becoming effective very quickly and trading starting the following day - Approval may still be subject to challenge Reminder that when $BTC was approved in January, price didn't just shoot to ath immediately!👀 #ETHETFsApproved #BlackRock #buythedip
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JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains
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Happy Friday! The global crypto market cap is $2.54 trillion, with a 24-hour volume of $125.78 billion. The price of Bitcoin is $68,257.07, and $BTC market dominance is 53.0%. The price of Ethereum is $3,720.63, and $ETH market dominance is 17.6%. #ETHETFsApproved #btc70k
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