With the Ethereum ETF approved, sentiment quickly shifted to accumulating ETH Beta-related investments.

We have already experienced a similar situation in January this year, where $BTC surged to 49K after the ETF announcement, but quickly fell back due to a lack of spot buy orders. This was a classic "sell the news" event,

I expect ETH to see similar price action after approval.

Beta Coins to Watch

$PENDLE: This is one of the strongest coins in this narrative. The price has recently pulled back due to the $EIGEN airdrop, but has shown strong resilience after the ETH ETF news.

$PEPE: This is another obvious ETH Beta-related investment. PEPE has maintained its structure when BTC has underperformed and now has reached a new all-time high. The chart shows a beautiful uptrend, indicating that insiders see it as one of the best options for ETF approval. Take profits appropriately and hold some to continue watching.

$ENS: Throughout the volatility after the BTC ETF approval, $ENS was one of the few coins that did not pull back. I bet on it purely because Vitalik has been promoting it all year.

$ENA: This is another coin to watch. Excellent performer in bullish conditions, backed by a strong team. One reason to like it is that there is no investor unlocking in the short term, and it could be adopted by exchanges.

$ARB: Despite the poor performance, it has recovered after the announcement. I would still avoid it personally.

$LDO: Depending on the approval of staking inclusion in the ETF, could see upside.

Beta Coins That Could Disappoint

$REZ: Has not shown any strength since listing. The price has fallen 30% since listing on Binance last month. Governance tokens without “real” use cases tend to disappoint.

$REZ, $XAI, $ETHFI: These tokens have poor tokenomics and limited utility - I think they will only have some short-term rallies and then continue lower.