Don't expect the Ethereum ETF to be approved immediately!

Wake up, friends! The approval date of the Ethereum ETF has been postponed to around the 15th of this month, which means that before that, the capital flow in the market will stagnate, and only the funds between retail investors will circulate weakly.

The market was originally full of hope, thinking that good news would come as early as July 4, but the reality gave everyone a basin of cold water. According to internal sources, the deadline for submitting updated documents is July 8, and there will be a new round of approval process after that. This long wait has undoubtedly cast a shadow on market sentiment.

What is more concerning is that the U.S. Securities and Exchange Commission gave the latest feedback to the issuer last Friday, which means that the entire approval process is still in full swing. But don't forget that even if the ETF is finally approved, the incremental funds it brings may be far less than expected. After all, these products still need to pass a level before they are officially listed.

Therefore, we must be mentally prepared and stop pinning all our hopes on the approval of the ETF. For more insider information and market dynamics, please click on my avatar to learn more!

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