📈 Crypto Update: $BTC ETF Approved! $ETH ETF Coming Soon

Exciting developments in the crypto space! Here's a quick rundown and a watchlist for Ethereum Beta:

🥂 ETF News:

- $BTC ETF - Approved ✓

- ETH ETF - Expected Soon🔜

👀Ethereum Beta Watchlist:

- $ARB: King of L2 🏰

- $OP: OP Stacks for great revenue 💸

- $LDO: Top liquid staking 🌊

- $RSTK: Restaking narrative 🔄

- $SSV: Staking infrastructure 🛠️

- $FXS: Huge comprehensive ecosystem 🌐

- $PENDLE: Simplified yield trading 🔄

- $LBR: Robust stablecoin backed by LSD yield 💎

- $OGV: Lowcap LSDfi with $100M TVL 💰

- $SNX: Deep liquidity provisioning protocol 🔄

- $ENS: Ethereum OG 🌐

- $PEPE: Biggest meme on ETH 😄

- $MKR: Major Ecosystem includes DeFi, RWA, and more 🚀

- $BLUR: Best NFT trading platform 🎨

👁️‍🗨️Upcoming Projects:

- eigenlayer: Earn Points

- KelpDAO: Earn Kelp Miles

- AstridFinance: Earn Astrid Points

- ether_fi: Earn Loyalty Points

- swellnetworkio: Earn Pearls

- RenzoProtocol: Earn ezPoints

- InceptionLRT: Earn Points by holding $stETH or $rETH

- Blast_L2: Earn points by bridging

👁️‍🗨️Market Analysis:

- $ETH has shown weakness for over 16 months.

- Previous alt seasons during market hyper-growth cycles lasted ~6 months.

- Two potential scenarios post $ETH ETF or EigenLayer mainnet launch: Market cooling-off or continued growth.

👀Cautious Optimism:

- Stay sensible and avoid letting euphoria cloud judgment.

- Anticipate a potential new super growth cycle in 2024-2025.

👁️‍🗨️Catalysts for Ethereum:

- ETH ETF: Represents an influx of money from the stock market.

- Restaking: Creating a vast DeFi ecosystem, mitigating risks during bull markets.

#EthereumBeta #ETFApproval #etf 🚀