Big news! Five ETH spot ETFs will be officially traded next week, and these three Ethereum-based altcoins may rise by 100% in the next few months!
According to the latest news, the Chicago Board Options Exchange's official website shows that the platform has added five Ethereum spot ETFs from VanEck, Invesco, Fidelity, 21Shares and Franklin Templeton, and will be open for trading next Tuesday, July 23.
Another source of information is that in the Grayscale Ethereum Spot EYF application document on Friday, it was pointed out that its Ethereum ETF (ETHE) is expected to be listed on the Arca electronic trading platform of the New York Stock Exchange (NYSE) on July 23, 2024.
As soon as the news came out, Ethereum broke through more than $3,500, and the increase in the past week reached 11%, which is very strong. The market has begun to hype the passage of the Ethereum ETF, which is bound to attract a large amount of institutional and retail capital to pour into Ethereum, and may replicate the success of the spot Bitcoin ETF.
Altcoins on the Ethereum chain are worth paying attention to, especially the following 3:
1) Injective (INJ)
Along with the growing bullish sentiment in the cryptocurrency field, the price of Injective has risen by 2.12% in the past day, with a trading volume of $133.51 million. In addition, it has soared by 33.36% in the past week and 24.21% in the past 30 days.
2) ENS
The Ethereum Name Service (ENS) is a decentralized system that converts complex Ethereum wallet addresses into simple, human-friendly names. Despite the increased market price volatility, ENS prices continue to show positive trends.
3) Altlayer (ALT)
AltLayer We can think of it as a separate optimistic rollups system that obtains security from the underlying Layer1 (such as ETH) or Layer2 (such as Arbitrum and Optimism), and each rollup is tailored for a specific application.
