Now the market has begun to hype the approval of the ETF!
The Ethereum spot ETF could be launched later this week, or during the week of July 15.
Currently, six US spot Ethereum ETF applicants have submitted S-1 document updates, including Fidelity, VanEck, Franklin, 21Shares, Grayscale, and BlackRock.
Ethereum’s ETF will bring a lot of funds to Ethereum. Those who have Us should remember to configure Ethereum, rather than simply going all-in on its ecological coins. Position management is very important! ! ! ! ETF only brings funds to ETH, not altcoins. The funds for altcoins come from the market and retail investors! !
This is certain, and this is why almost all institutions are buying ETH recently!
You have to understand this point clearly. The basic logic is the same as the original BTC ETF. In the later bull market when Bitcoin was the only investor, after this wave of Ethereum ETF was passed, institutions rushed into the market, and ETH will also have a good performance! L2, LSD, defi, stablecoins, and re-staking under the Ethereum ecosystem are all his little brothers! !
The passage of the Ethereum ETF attracted more institutional investors and traditional investors to enter the cryptocurrency market, thereby increasing the demand for Ethereum. Just like the passage of the BTC ETF, Bitcoin rose by 80% in the month after its passage.
In its latest research report, Gemini estimates that once the United States approves the Ethereum spot ETF, net inflows in the first six months may be as high as US$5 billion. The current ETH/BTC ratio is close to a multi-year low. Strong capital inflows may trigger a compensatory rally. If the ETH/BTC ratio returns to the median of the past three years, ETH may rise by nearly 20%. If it reaches the maximum value of 0.087, it is expected to rise by 55%.
#etf以太坊
