The SEC approved 8 spot Ethereum ETFs at one time, including ETFs from BlackRock, Fidelity, and Grayscale. Although the form has been approved.

However, the listing and trading still need to approve the issuer's S-1 form, which is expected to be completed in a few weeks to 3 months.

Unlike the previous prediction, the SEC approved it all at once, instead of just approving one, which means that ETH will still have to experience Grayscale's Ethereum selling pressure this time, which is about 10 billion US dollars.

Grayscale's GBTC selling pressure was 21 billion US dollars at the time, ETHE's holdings were less than 10 billion US dollars, and the inflow of Bitcoin spot ETF on the first day of listing was 300 million US dollars. How much money will the Ethereum spot ETF have inflow? After Grayscale starts redemption, ETH's own buying may not be able to withstand such a large selling pressure.

So I will choose to take profit and switch most of the $ETH positions to BTC, BNB, and SOL before the transaction is officially launched.