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Ethereum ETF listing approved🎉🎉🎉

The SEC has approved applications to launch an Ethereum ETF, and major funds will participate, including Grayscale and BlackRock. Let's look at what this means for the market and what we can expect.

🚀 Why is ETF important for Ethereum?

The emergence of spot ETFs is perceived as a sign of investment quality and provides a convenient opportunity to invest in Ethereum without going beyond traditional financial infrastructure. This could significantly increase interest in Ethereum among conservative investors.

📈 Impact on the market

After the launch of the Bitcoin ETF, Bitcoin reached an all-time high. Obviously, a similar effect will happen with Ethereum.

However, factors that may temporarily restrain growth in the short term should be taken into account:

🔵Traders fixing profits against a powerful news background (the market has recently turned green by 17%).

🔵Intentional decline in the market until the 23rd, and possibly in the first weeks after this date by strong players to gain additional positions.

🔵There are now many long positions open, which has provoked their liquidation, which is financially beneficial for exchanges since they earn a percentage of this liquidation.