$UNFI $EDU $ETHFI

The surge in ETH has driven the entire altcoin concept, especially the Ethereum ecosystem. LDO rose 20.1%, OP rose 15%, ARB rose 16.7%, UNI rose 19.5%, and ENS rose 19.3%. These mainstream concept coins all benefited from ETH!

Why did it rise today?

It’s not that the Ethereum ETF has passed, but Bloomberg analysts believe that the probability of passing has increased from 25% to 75% because they heard that the SEC asked the exchange to speed up the update of the 19B-4 document of the ETH spot ETF. There are three key time nodes?

1) May 23-the deadline for the first Ethereum ETF application

2) August 3-the deadline for Fidelity Ethereum ETF

3) August 7-the deadline for BlackRock Ethereum ETF

If the Ethereum spot ETF is approved on May 23, it will usher in a big altcoin bull market. It is important to show that ETF is no longer a single centralized security. It will also bring a lot of funds to the altcoin market.

Therefore, the more hype the ETH spot ETF is, the more beneficial it is to the entire altcoin market. The altcoin season that everyone is looking forward to is here.

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