In the early morning of May 24, the much-anticipated Ethereum spot ETF finally received approval from the U.S. Securities and Exchange Commission (SEC)! #现货以太坊ETF获美SEC批准

The Ethereum ETF products of many well-known institutions such as BlackRock, Fidelity and Grayscale have successfully passed the 19b-4 form review. #美众议院通过FIT21法案

However, surprisingly, the market did not rise as expected. The main reasons are as follows:

1. The ETF has not yet been listed for trading. Although the 19b-4 form has been approved, the ETF issuer still needs to wait for the S-1 registration statement to take effect before it can be officially listed on the exchange. Before the ETF funds enter the market, the price will not skyrocket.

2. Unlike the Bitcoin ETF, the approval process of the Ethereum ETF this time was relatively hasty, which may have been affected by the pressure of the election. The SEC did not give sufficient review time as before.

3. It is precisely because of this sense of haste that investors have the opportunity to hype the Ethereum ETF again. Before the ETF is officially launched, the price of Ethereum is expected to continue to rise, bringing new momentum to the market.

4. Once the ETF is actually listed and traded, it will inevitably trigger an adjustment of "all the good news is out". Therefore, investors need to pay close attention to the subsequent registration and listing progress of the ETF and grasp the market trends.

In general, although the market did not surge as expected in the short term, the approval of the Ethereum ETF has undoubtedly injected new vitality into the cryptocurrency market. #ETH It will continue to take off after filling the gap!