Will the approval of the first pledged Ethereum ETF detonate the price of Ethereum again?
Not long ago, Nansen analysts mentioned that if Trump wins the presidential election, the Trump administration may embrace more innovations in the cryptocurrency industry, including the launch of the first pledged Ethereum ETF.
Why is approval a high probability event?
1. Ethereum's spot EFT, futures ETF, options ETF, and leveraged ETF have all been approved, and the possibility of pledged ETF approval is also very high.
2. The additional 3% pledge annualized return, 3% may not sound like a lot, but for large institutions with a large amount of funds, a stable annualized return of 3% is quite attractive. Therefore, institutions like BlackRock should submit this application.
3. Trump has won the election, and Trump himself embraces cryptocurrency. At that time, the regulatory environment will be more favorable to cryptocurrency. We may even see the approval of the first pledged Ethereum ETF in the early days of this new government, which will make full use of the advantages of ETH as an asset.
Once it is passed, Ethereum will most likely usher in another surge!
