The approval of Ethereum ETF is not as positive as expected, and the market price has not risen sharply.
The US SEC has officially approved the Ethereum spot ETF, taking the first step.
Introducing pledge in the Ethereum ETF is the most urgent task for the SEC! At present, Form 424(b) is being submitted one after another, which is the last step. This means that all preparations are ready and trading will be officially launched at 9:30 a.m. Eastern Time on Tuesday (9:30 tonight Beijing time).
The approved Ethereum spot ETFs include 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, Invesco Galaxy, Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust.
Although the Ethereum ETF has been approved, the price has not risen sharply. Investment is essentially a bet on expectations. Since the application of the Ethereum ETF, the news has been fermenting for a long time. Now, the market needs a higher level of expectations to stimulate the enthusiasm for buying.
Some people point out that the positive news is not the approval of Ethereum's ETF itself, because this is an inevitable event. The real key is to introduce pledge in the Ethereum spot ETF, making it an interest-bearing asset in the new era, and to be able to implement this operation more safely and conveniently. This is what the SEC should do with all its efforts.
