While desperation reigns supreme, there is still good news brewing. Yes, the #crypto world is still getting caught up in the #bearish sadness, perhaps forgetting that this should be the week of a historic OK of #SEC for this very sector. Unless all the experts (who also have access to the most credible rumors) are wrong, this will in fact be the key week for Ethereum.
In fact, the SEC's OK to #ETF Ethereum should arrive this week, the definitive OK that will launch these products on the US markets. Is this an issue that has already been taken for granted and therefore has little impact on the markets? There are some points that we would like to analyze with you, our readers, to understand what type of impact this further evolution will have for the crypto market and specifically for Ethereum. It is an OK that comes after all the managers, as requested by the same SEC, sent the necessary updates. There are two requests to be approved, we remind our readers, with the first ok which arrived already on May 23rd and the second which should arrive between today and next Monday at the latest. Who knows. We don't yet know how ready the managers are to advertise the product. In all likelihood there will be demand, somewhat tempered by a summer period which is historically characterized by much lower volumes.
So? Because it is important?
Firstly because only a few weeks ago it was believed that certain products would never be approved, at least as long as Gary Gensler was there to hold the balance. Also opening the doors, who knows, to other ETF products on cryptocurrencies.#ETHEREUM