So what do you think of the approval of ETH ETF's 19b-4 document?
Simple understanding: got the marriage certificate, but haven't held a big banquet yet!
This is good news. We said above that it is only a matter of time before the Ethereum spot ETF is officially listed!
Combining political games, election years, capital support and economic cycles, we have reason to expect ETH to lead the prosperity of altcoins in the bull market.
In addition, although Grayscale has obtained approval for the Ethereum spot ETF, it has not yet opened trading. Therefore, everyone does not have to worry about the risk of Grayscale dumping the market for the time being. However, once Grayscale officially opens Ethereum trading, Grayscale may dump the market according to market conditions and its own strategies. It is expected that the Ethereum spot ETF may be listed on the exchange in July or August.
Therefore, the transaction is officially landed and the good news is cashed in. You can consider reducing your position in Ethereum and layout the leading currency in the Solana (SOL) sector after its price drops for a few days. Because after the Ethereum spot ETF is passed, the next potential target of crypto spot ETF is SOL.
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