👀 A 180-degree reversal, is Ethereum ETF approval imminent?

Let's analyze the reasons for this reversal:

🔶 Perhaps, as analyst Eric Balchunas said, American politics has become the main factor.

Last Wednesday, Coinbase said in a research report that Ethereum (ETH) has the potential to bring unexpected gains. The market may underestimate the timing and possibility of approval of the US spot Ethereum ETF.

HAN, the author of the report, said that if the SEC rejects the spot ETH ETF, it will consume the capital of the US Democratic Party, which is not a good strategy in an election year.

At present, SEC Chairman Gensler and two other voting members are Democrats, and the other two voting members are Republicans. The entire SEC senior management is still dominated by Democrats.

Previously, Trump threw an olive branch to cryptocurrencies and shouted slogans, "If you support cryptocurrencies, vote for Trump." If Biden's Democratic government continues to maintain a tough anti-crypto stance, it may not be conducive to its election.

✨ If $ETH ETF is approved, I personally think that the copycat will at least soar for several months

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#以太坊ETF批准预期 #山寨币热点 #ETH