💰 Hidden ETH ETFs approval and expected ETH value increase unveiled! 💰
The current applications for spot Ether exchange-traded funds (ETFs) in the United States may be nearing approval, and the SEC faces final deadlines on May 23 and 24 to rule on VanEck and ARK's applications for Ether (ETHUSD) ETFs, respectively.
Some a_nalysis predicts an 85% chance of approval in May and a rise of ETH up to 8000! till end of 2024; however, most cryptocurrency investors do not expect the U.S. Securities and Exchange Commission to approve any spot Ether exchange-traded funds this month or in the near future. We all know that SEC decisions are unpredictable and take their time...
BUT THE MOST IMPORTANT FACTS, PROFIT WISE, ARE THOSE:
- An ether ETF is an exchange-traded fund that can hold different securities: Real ether (few countries only!), ether FUTURES (most approved ETFs outside USA), derivative securities or stocks from the crypto industry.
- In Germany (i.e.) and many other countries, ETFs that only contain one crypto are not authorized. An ETF must always contain several different securities.
- Because ETFs are traded on traditional exchanges, the storage and security problems that could arise on a crypto exchange are eliminated. But when did you experience security problems on BINANCE? So are you willing to pay up to 2% for something without real security advantages?🙈
- Based on this, an ETF usually cannot outperform the benchmark, i.e. its reference index (ETHER!), as it is mixed with other "securities"
- Investing into ETFs doesn’t pose true ownership. Not your keys – Not your coin! You seldom really hold ether with an ETF
Conclusion:
The decision depends on individual preferences, risk tolerance and investment goals. The efficient way: Buying ETH directly appeals to those who value the principles of decentralisation, true ownership and control over their digital assets. Paired with cheap fees, most of the readers in here know anyway where to get the best deal 😉💰.
Cheers crypto pioneers!
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1. Not a financial advice
2. DYOR
