🌟 Will the Ethereum spot ETF be listed for trading this week? ! 🚀
Today, we want to discuss an exciting topic: the Ethereum spot ETF may be officially listed for trading this week.
According to news last week, the U.S. Securities and Exchange Commission (SEC) has received the latest S-1 forms submitted by all Ethereum spot ETF brokers and will respond this week. Does this mean we’ll be able to trade Ethereum spot ETFs soon? The view is that this possibility is still very high. 🎉
Although the post-listing trend of the Ethereum spot ETF is still unknown, we can look back at the scene when the Bitcoin spot ETF was listed at the beginning of this year. At the time, the Bitcoin market was experiencing a significant surge. However, Ethereum’s performance has been relatively weak in recent weeks, and it has essentially been bleeding money compared to Bitcoin. 📉
In such a market environment, I think the possibility of bulk selling after the Ethereum spot ETF is listed will be relatively small. Because before the Bitcoin spot ETF was passed, the market had already experienced a round of rise, but after it was passed, there was a wave of correction in the short term.
However, the gains of the Ethereum spot ETF in the weeks before its passage, or in the past month, were actually not ideal, and even declined.
Therefore, in this context, after the Ethereum spot ETF is officially launched, will the probability of ushering in a wave of rise be relatively high? Let us wait and see!
🤞If this trend develops, there is reason to believe that other altcoins will also experience a wave of good gains after the Ethereum spot ETF is officially approved.
Let us continue to pay attention. No matter what the market trend is, the listing of Ethereum spot ETF will undoubtedly bring new vitality to the cryptocurrency market. 💼
