Today, the crypto market has ushered in another milestone event, that is: the SEC has officially approved the trading of ETH spot ETF today, and trading can start normally after the US stock market opens at 9:30 tonight.
However, the occurrence of this event does not seem to immediately present a major positive state, and after the news was released, ETH actually experienced a short decline. At the same time, according to the on-chain data, tens of thousands of ETFs have been transferred to Coinbase, so it is uncertain whether ETH will experience a wave of decline after the ETH spot ETF begins trading.
However, in the long run, the launch of ETH spot ETF is definitely a major positive, and the subsequent ETH ETF will continue to have a net inflow like the BTC ETF, and if ETH is going down now, it will be an opportunity.
