📢 Attention, crypto enthusiasts! 📢
New SEC-approved Ethereum (ETH) spot ETFs will begin trading on July 23rd! 🎉
🔹 Eight major issuers, including leading management companies, are preparing to launch these products.
🔹 An influx of investment is predicted to reach $5 billion in the first six months and up to $20 billion in a year.
📈 According to Bybit, market sentiment is becoming more bullish on ETH compared to BTC. This is confirmed by the persistent volatility of ETH.
💬 “I expect interest in ETH to increase as investors now have access to it,” said Eugene Cheung, head of institutional investments at Bybit.
🔹 In the short term, the market may react with restraint, but the long-term outlook looks very positive.
🔹 The price of Ethereum has already increased by 12% over the past five days.
Analysts believe the launch of spot ETFs on Ethereum will be a catalyst for long-term growth thanks to regulatory clarity and technological improvements.
💡 Your opinion is important! Share your thoughts in the comments! 💬