SEC APPROVED 8 ETHEREUM ETFs
Within the 8 institutions there are BlackRock, VanEck, Ark investment, Fidelity and so on. The key here is that they’re going to pitch this assets (ether) to all their private clients. Their clients represent nearly all the American and European company that have a lot of liquidity.
For the record the BlackRock’s Bitcoin ETF, named IBIT, in regards of inflow since its start has the best performance in the history of ETFs of all Wall Street. The fact that Hong Kong, Australia and potentially some European country might as well approve $BTC and $ETH is very compelling for the conclusion that crypto is going to be mainstream like never before.
A direct pump after the launch is maybe not probable. But if you want a technical analysis just say “Chart” in the comment section and I will publish one.
