Market dynamics and ETF approval progress
I. Market dynamics
BTC spot ETF data: In the past 24 hours, BTC spot ETF data showed a positive trend, and the market's expectations and confidence in BTC have increased. Macroeconomic factors: This week, the focus of the market includes two data from the University of Michigan on Friday, which have an important impact on macroeconomic expectations; Nvidia's financial report on Thursday morning has a direct impact on the US stock market.
II. ETH spot ETF approval progress
Approval expectation reversal: In the early hours of Tuesday, the market suddenly ushered in a major reversal of ETH spot ETF approval expectations. Analysts and media reporters such as Eric have said that the probability of approval has increased significantly from the previous 25% to 75%. SEC interaction and approval process: Similar to BTC spot ETF, the frequent interaction between the SEC and the ETH spot ETF issuer is regarded as an important signal of increased approval probability. The current focus of discussion is on the possibility of approval of 19b-4 and S-1/S-3 respectively, which may bring the market up to three months of additional expectation time. Market feedback and expectations: The expected reversal of ETH spot ETF approval has caused direct feedback in the market, and investors' confidence in ETH and its related projects has increased. However, it should be noted that the final approval result still depends on the final decision of the SEC.
3. Political pressure and uncertainty
Political pressure: The reversal of the ETH spot ETF approval expectation is closely related to the current political environment. Analysts pointed out that political pressure may come from factors such as Democratic votes, the repeal of SAB121, and the FIT21 Act. Uncertainty: Although the market generally expects that the probability of the ETH spot ETF's approval will increase significantly, there is still uncertainty about the result until the final vote of the SEC. Investors should pay close attention to market dynamics to deal with possible risks.
4. Risk warning
Market volatility: The University of Michigan data on Friday night may have a certain impact on the market. Investors should pay close attention to the market reaction after the data is released. Approval result: There is still uncertainty about the final approval result of the ETH spot ETF. Investors should maintain a rational investment mentality and adjust their investment strategies in time according to market dynamics.
