đđ Breaking News: Ethereumâs ETF has been approved!
LFG! Weâre only just getting started đ„
In a long and arduous journey to global relevance, the long-awaited and anticipated Spot Ethereum #ETHETFS ETF approval has finally been approved by the US Securities and Exchange Commission (SEC).
This news comes as a light at the end of the tunnel as the battle for the $ETH /ETF approval has lingered for months keeping analysts and crypto enthusiasts expectant.
Before the approval, several applications for the Spot Ethereum ETF have been sent by large multinational organizations such as VanEck, ARK21 Shares, Hashdex, Invesco Galaaxy, Franklin Templeton, Fidelity, and the worldâs largest asset manager, BlackRock.
This goes to show how important the Spot ETH ETF approval has been to the crypto community.
What happens next? Expect alts to move higher as risk-on sentiment increases.
However, we might see a slight leverage unwinding over the next week as people close out positions.
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