At 4 a.m., Ethereum fell from 3800 to 3500 in one minute. I thought the news was negative, but it was delayed, so I waited a little longer. At 5:15 a.m., Ethereum broke through 3900 from 3500. The result is obvious. The United States is playing Tai Chi.
The U.S. Securities and Exchange Commission (SEC) approved the plans of the New York Stock Exchange, the Chicago Board Options Exchange and Nasdaq for the spot Ethereum ETF. The SEC has not yet issued a full approval for the spot Ethereum ETF and still needs to approve the issuer's plan. The reason is that it has been approved and not approved.
The world changed overnight, so the academician of the currency circle said that the SEC might be a Sichuanese behind it, and it changed its face as soon as it said it would. Yesterday, you said you were a security, and today you immediately submitted documents. The probability of currency soared to 75%, and the plot is exactly the same as Bitcoin ETF. At the same time. Ethereum has seen the biggest rebound in recent years. A few days ago, the academician of the currency circle said that Ethereum was weak? It almost grew a market value of SOL overnight.
So the current cryptocurrency circle is not just about the big cake, but as the second cake, there are many related ecosystems, which are closely related and may cause a butterfly effect. In addition, the document approved this time is 19B-4. Even if it is passed, the ETF will not be launched immediately. It needs another 1 document to be approved before it can be launched. According to this timeline, the positive expectations after this approval will not be disappointed. Market enthusiasm should continue. In addition, the US election at the end of the year. As we all know. Economic prosperity is a trump card vote, and I believe that interest rate cuts and water releases should be put on the agenda. Will the crypto market soar? Let's wait and see