I have written in previous articles that I am still concerned about the views on the resignation of the SEC Chairman. The relevant articles briefly mentioned some views. Today we will sort out more detailed policy benefits and currencies so that more people can understand them.
In July this year, the U.S. Securities and Exchange Commission (SEC) officially approved the trading application of the Ethereum spot ETF. ETH also became the second crypto asset after BTC to land on the traditional financial trading market in the form of an ETF.
However, four months later, the traditional financial market has not shown the same enthusiasm for ETH as BTC. The main reason is that ETH’s narrative of being a scientific and innovative product is less likely to impress the traditional market than BTC’s “digital gold”; the second reason is that Grayscale’s continued selling pressure on ETHE and the SEC’s ban on Ethereum spot ETFs from engaging in staking functions have also objectively weakened its appeal.
For investors in Ethereum spot ETFs, holding ETH in the form of an ETF currently means missing out on the staking yield (currently around 3.5%), and also having to pay a management fee of 0.15% to 2.5% to the ETF issuer.
With Trump's victory, this situation is now turning around. The market expects that the regulatory environment for cryptocurrencies will be effectively improved, and Ethereum spot ETFs are also expected to introduce a staking function, thereby amplifying the attractiveness of this investment product and boosting the strength of ETH. Its original chain ETC should also perform relatively well!
In addition to the benefits to Ethereum, it will also benefit its pledge ecosystem, the L2 sector, and tokens that the SEC has identified as securities in the past!
First of all, the introduction of the staking function in the Ethereum spot ETF will directly benefit ETH - this will directly amplify the investment attractiveness of the Ethereum spot ETF, which may be one of the reasons for the recent relative strength of ETH.
In addition, this change will also indirectly benefit the pledge sector and the higher-level re-pledge sector.
In the staking sector, Lido (LDO), Rocket Pool (RPL), Ankr (ANKR), Frax (FXS), REZ, ETHFI, UNI, EIGEN, etc. have all gone through a long period of consolidation recently and have shown a certain upward trend. (Among them, UNI, LDO, and RPL were all sued by the SEC, and subsequent concepts are superimposed)
The L2 sector includes OP, ARB, METIS, ENS, etc.
The past tense of some tokens that the SEC has identified as securities may also see a turnaround. The relevant tokens have begun to rise significantly and are expected to continue to rise in the future. The main tokens are:
SOL, FIL, POL (formerly MATIC), SAND, MANNA, BNB, ALGO, AXS, ATOM, ADA, TON, ICP, NEAR, etc., as shown below:
In addition, we believe that more ETFs will be approved, such as XRP, SOL, HBAR, AVAX, etc.!
Of course, we have previously expected that the RWA sector will also usher in policy benefits, and DEFI will be reborn. We have talked a lot about related concept sectors before, so you can read historical articles!
In short, there are more and more opportunities!
(This is just a sharing of opinions, not investment advice)
