Why are big funds entering the Ethereum market! ?
After whales such as Sun Ge continued to buy Ethereum, this morning there was explosive news that the Ethereum ETF applied by Franklin Templeton has been listed on the website of the US securities company DTCC, with the code EZET (note that it is ETF rather than other so-called trusts).
We should know that in the announcement previously issued by DTCC, it was emphasized that the practice of adding securities to the list of qualification documents is to prepare for the launch of new ETFs to the market, and does not represent the result of the approval process. But even so, we should pay more attention to the recovery of market confidence and the replenishment of sentiment on the news side.
It is a simple truth that whether the Ethereum ETF is passed in May or December, or next year or when, it is Ethereum. Just these three words are enough to occupy a large share of the Crypto market, which is a height that no project other than the big cake can reach. #eth
Some people may ask, what about the funds, on-chain data, and activity in SOL? In my sharing last year, I mentioned an idea that in the early stage of the bull market, we should give priority to projects with the US ecological background, because they will be the priority of the leading funds, and SOL and AVAX will surely usher in the explosion first.
Now, we have come to the mid-term stage of the bull market, and the flow of funds that have made a lot of money in the early stage and the subsequent hype content are the directions we should pay more attention to. After the Ethereum exchange rate has bottomed out and strengthened, it is not difficult to find in the recent operations of whales that this is an open entry, and it is also the main choice we will make during this period. $ETH $SOL