$BTC So, the decision has been made, and many are disappointed by the price movement, but there are reasons for that. If we compare it to the decision on BTC, you might remember that after the decision, trading on exchanges was allowed within a few days. But this situation is a bit different. The SEC approved the 19b-4 forms for Ethereum ETFs, which include offerings from BlackRock, Fidelity, and Grayscale. However, for these products to start trading, their S-1 registration statements need to go effective. So, they'll be available on exchanges in a few weeks, possibly July-August. Therefore, those who bought in anticipation of the event have already purchased, and the demand for ETFs will come in a few months. This could lead to corrections during this time due to pessimism about rates etc., and it might actually be better to endure this before trading starts. After that, there's a good chance we'll see an altseason.
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