Why did the Ethereum spot ETF not see a surge after it was approved?
I think many people don't quite understand this problem, so here is a brief introduction to the difference between the two files:
Yesterday, the US SEC approved the 19b-4 documents of eight Ethereum spot ETFs, which are similar to reporting to the SEC the rule changes that allow ETFs to be traded on exchanges - such as introducing new products, modifying trading mechanisms or other related exchange policies. Once submitted, the SEC will review the proposal and publicly solicit public opinions before deciding whether to approve it.
However, the approval of the 19b-4 document does not mean that the ETF has been approved. It is recommended that you obtain the S-1 document approved by the SEC to officially pass the listing. The S-1 document is a registration statement submitted by a company to the SEC for an initial public offering (IPO) or other securities issuance, including the listing of ETFs. The S-1 document is not the last step, but it is a very critical step under the supervision of the US SEC!
Only after the SEC completes its review of the S-1 document and approves it, the S-1 document will take effect, and fund managers can continue to prepare for the official listing of the ETF, including determining the listing date and marketing. In general, the approval of 19b-4 means that the ETF is a possibility; the approval of S-1 is considered an internal confirmation, and this process currently takes about weeks to months, so the price will not rise sharply in a short period of time.
In addition, multiple spot Ethereum ETFs have been listed on the DTCC website, and the most important thing is the script for the Bitcoin spot ETF!
A great man changes like a tiger, a gentleman changes like a leopard
Former Japanese Prime Minister Shinzo Abe met with Hillary Clinton in advance before the 2016 US presidential election, but after President Trump was elected, Abe's attitude changed 180 degrees and he immediately flew to the United States to meet with President Trump. He responded to the outside world's change of attitude towards him by quoting the Book of Changes: "A great man changes like a tiger, and a gentleman changes like a leopard." The great powers grasp the changes in the situation, just as the stripes of a tiger change with the seasons, and other countries should also be like leopards, sensing the changes in the situation and making adjustments, so that they can survive in the treacherous and ever-changing international political and economic situation.
It is expected that the price of Bitcoin will have a correction in the future
The following operations are available:
1. Bitcoin price is now strongly correlated with two factors:
One is the inflow and outflow of ETFs, and the other is the trend of US stocks. In the futures market, we can see that the total net inflow of Bitcoin spot ETF yesterday was 108 million US dollars, which has been a net inflow for 9 consecutive days. The funds do not have waterproof criteria. Once the inflow is weak again, it may cause shocks or declines.
2. Currently, Ethereum has passed the 19b-4 filing for the Ethereum spot ETF
Funds are expected to be on ETH, and Ethereum will usher in a big opening and closing. BTC is temporarily slightly insufficient (Bitcoin ETF inflow and outflow monitoring website) My strategy: I am a spot party, and I buy at low prices;
According to the principle of symmetry, the first expected decline range is between 64500 and 66000; Shanzhai currently has a small number of AI deployments, and most of them are still wandering around MEME, so PEPE is not considering shipment for the time being!
2024 The largest blue chip sector in the second half of the year. During the 2016 and 2020 elections, MEME coin was not so turbulent. There was only FTX/Sun Ge’s TRUMPWIN binary options contract.
There is no stone to cross the river by feeling your way through, but the probability that this time will be different is a certainty:
1. Bull Friday
2. After the primaries, the party nomination and the national election will be a big topic, think about Larry's email scandal and Trump's prostitution.
3. Trump and Biden constantly mentioned the topic of cryptocurrency during the campaign & recruited MEME operators. Controversy => Traffic => Buying
Hold the position! Hold the position! Hold the position!
1. PEPE: Hillary Clinton’s choice and Trump’s leading meme to politicize it in the 2016 election
The leading position, Binance, gross profit margin, MEME with traditional self-flow, and the United States will buy it. The only problem is that it is not cheap, but good assets are not cheap. In a bull market, the more expensive the more expensive, the more expensive it is, and the position should be heavy. In a big bull market, you should take a large position to hold the CEX leader and enter and exit freely, otherwise you will not know when you will be killed.
2.PE: Crypto-native MEME from the US Constitution
Constitutional concept, Binance, and Mao tickets. About 400M. The disadvantage is that on the one hand, it is a native MEME in the cryptocurrency circle, which is not directly related to the theme of the election. On the other hand, this round of rise was previously controlled by Chinese dealers, and the Chinese believed that the United States would buy. According to the past MM style, there will be a long wash after the weekly line. But there are no other votes in this sector on Binance. Wait for the mid-term correction to choose the right time to invest and look forward to changing dealers.
3.TREMP: Trump, the American cryptocurrency speculator
The US election concept coin on the US chain SOL is about 100M. The disadvantage is not the crude ticket, but there is a certain consensus on the leader that has emerged. And after four months of fierce callbacks, the security is still higher than that of speculation. There is also a MAGA on ETH, but the triple market value transaction volume is only 1/3 of TREMP. Considering the compliance considerations of the exchange listing department, the ticking sound of MAGA will be much more difficult than the deformed and mentally retarded Trump. Wait for the callback to invest or wait for the emergence of a new leader.
At present, except PEPE, where you can take a large position, there is no particularly perfect target. They all have some shortcomings. Only children will make choices, but adults want them all.
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