#ETHETFsApproved #BinanceSquareFamily

Here are the statements made by Richard Teng, CEO of Binance, regarding the ETF approval for Ethereum Spot ¹:

- Ethereum supply decrease: Teng praised the Ethereum supply decrease by 355,000 since the merge.

- Bitcoin ETFs: Teng acknowledged the positive inflow from Bitcoin ETFs, signaling growing institutional interest in the broader crypto asset class.

- Ethereum ETF: Crypto commentator, Lark Davis, foreseeing the possibility of an Ethereum ETF by summer 2024. Davis’ prediction aligns with the trend of traditional financial instruments entering the crypto space, providing more avenues for investors to engage with digital assets.

- Crypto’s Future Trends: Both Teng and Davis provide valuable insights into crypto’s supply dynamics, highlighting potential impacts on market trends. As the industry matures, investors must stay vigilant and adaptable to emerging developments to seize such opportunities.#ETHETFsApproved