Why is it said that the approval of ETF spot ETF will usher in a big altcoin bull market?
1. After approval, some institutions will be exposed to more new applications other than digital gold.
2. After approval, it means that ETFs and similar products will no longer be classified as single centralized securities. This position is very important.
3. It will bring a lot of funds to the altcoin market, which is different from BTC investors. These investors pay more attention to technological growth rather than the macroeconomic environment to a certain extent.
Therefore, the more hype the ETH spot ETF is, the more beneficial it is to the entire altcoin market. The altcoin season that everyone is looking forward to is here.