[Shady deal? Politicians bet on Ethereum before ETF is approved]
Trading by some U.S. politicians comes after the U.S. Securities and Exchange Commission (SEC) gave final approval to applications from Nasdaq, Cboe and the New York Stock Exchange (NYSE) to list exchange-traded funds (ETFs) linked to the price of ethereum (ETH). Attention.
Specifically, Michael Collins, U.S. Representative for Georgia’s 10th District, revealed a $65,000 Ethereum investment in January 2024, which was first reported by Finbold and reported by Quiver Quantitative on the X platform on May 24 ’s tweet mentioned it again.
In addition, according to data shared by market analysis platform unusual whales on January 10, Collins also purchased Ethereum three times in 2023, on October 9, November 5, and December 28, with a total amount of $75,000. .
Cryptocurrency trading expert Michaël van de Poppe said the market has already priced in Ethereum’s recent positive news, reflected in the crypto asset’s strong 20% gain, but actual listings and capital inflows will determine whether there is a stronger upward trend.
