After Germany smashed MtGox, Mentougou came again. Is there still a chance for the Ethereum ETF that is expected to be passed in July?

In the past 24 hours, BTC has risen unilaterally, with the price rising from US$62,000 to US$64,500. This wave of rise was mainly driven by the net inflow of BTC spot ETF for seven consecutive trading days, with a net inflow of US$300 million yesterday.

The SEC requires ETF issuers to submit the final version of the S-1 document before Wednesday this week, which means that the SEC will announce the approval results next Monday, and the relevant ETF may be launched next Tuesday. Influential figures in technology, finance, and politics stand for BTC, and market sentiment has turned optimistic.

However, a general rise was broken by a flash news-the currency in Mentougou began to transfer. The transfer of nearly 6 billion pie twice caused the market to fall. Bitcoin fell to US$63,000, Ethereum fell to US$3,350, and now rebounded to US$3,400.

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At present, the coins in Mentougou are only transferred and have not been shipped. This slight decline is mainly caused by panic selling. If Mentougou pays full compensation, will it bring a greater impact than the German government's selling? #山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期