Don’t wait for the Ethereum ETF to be approved!
There is no need to wait until the potential approval date of this month’s 15th. The pulse of market funds is different from the past. At present, the flow of funds is only subtle between retail investors, and there is little external fresh water injection.
Although the market generally speculates that the ETF may get the green light on July 4 in the best case, according to two internal sources, the real challenge has just begun. They pointed out that the deadline for submitting updated materials is set before July 8, and another round of rigorous approval process will be required after that.
Last Friday, the U.S. Securities and Exchange Commission (SEC) has given feedback to the relevant issuers on the latest opinions, which undoubtedly adds new variables to the whole process. Looking back in May, although the SEC has nodded to the listing proposal put forward by the exchange, each ETF still needs to pass its strict approval level independently before its official debut.
Therefore, even if it is finally approved, the influx of market funds is not optimistic, and it is difficult to reproduce the surging trend of the past.
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