🎉🎊【Big news on Ethereum ETF! Officially listed and traded on July 23! 】🎊🎉
Big news is here! The U.S. Securities and Exchange Commission (SEC) officially announced that the spot Ethereum (ETH) exchange-traded fund (ETF) will begin trading on July 23! 🚀🚀
What does this mean? It means that the market acceptance and investment possibilities of Ethereum have greatly increased! 📈📈 Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, also confirmed the good news, saying that unless there are unexpected events, these ETFs will be listed and traded as scheduled!
Did you know? Once these ETFs are listed, they are expected to attract a lot of investment! It is predicted that there may be up to $5 billion in inflows in the first six months, and up to $20 billion in the first year! 💰💰
Well-known issuers such as VanEck and Invesco Galaxy are also preparing to launch their ETFs next week, and market analysts expect these funds to usher in a large influx of funds!
Experts are also optimistic about the prospects of Ethereum ETF! Nate Geraci said that crypto assets are becoming more and more popular among institutional investors and financial advisors, and Ethereum is expected to follow the success of Bitcoin ETF. Cryptocurrency expert Michaël van de Poppe pointed out that Ethereum has recently outperformed Bitcoin, and he believes that Ethereum ETF will further enhance its market dominance!
As soon as the news came out, the market was also excited! The price of Ethereum rose by 7.3% on Monday, and the increase was even greater than that of Bitcoin! It seems that the approval of this ETF is really an important milestone in the cryptocurrency market, which may bring about an increase in institutional investment and improved market stability!
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