The approval of the spot ETF will have the most direct impact on the price. Bitcoin has risen by 75% since the approval of the spot ETF, and the price impact of the Ethereum spot ETF on ETH is obvious. However, the news of the approval of the Ethereum ETF did not immediately shake the altcoin sector, and it even fell slightly compared to the previous few days.
In addition to affecting the price of ETH itself, the Ethereum spot ETF will also have a positive impact on the altcoin market. Because the vast majority of altcoins in DEX use ETH as a trading pair, the rise of ETH will lead to a passive rise in altcoins.
In addition, some market opinions believe that with the approval of Ethereum spot ETF, it will be a strong reference for more cryptocurrencies to apply for ETF in the future. At the same time, this will lead to more ETH being purchased and locked in smart contracts, which will greatly increase the activity on the chain. The increase in activity on the chain will promote the destruction of ETH and the increase in the pledge rate, thereby driving up its fundamental value. As the price of ETH soars from the funds flowing into the ETF, existing crypto-native ETH holders are more likely to rotate and gamble on altcoins, which adds fuel to the fire. TradFi's active addresses, destruction volume and fundamentals have improved, thereby further attracting funds to flow into the ETHETF!
At present, the most important thing is that there is no fresh blood entering the market. It is necessary to implement a loose monetary policy and a large amount of funds entering the market to enhance capital liquidity. Only when the tide rises can there be a big market. At the same time, ETH and BTC cannot be compared. After all, BTC is the market of the currency market. It is nothing more than a question of rising directly or reversing and rising again. It is recommended that everyone hold the spot and increase the position in the callback. ETF is a long-term positive!#美国以太坊现货ETF开始交易 #比特币大会 #币安7周年 #山寨季何时到来？ #币安HODLer空投BANANA $ETH $BTC $SOL 
