Breaking news! Ethereum has another positive news, and the ETF may rise to $4,000 after approval?
Although the cryptocurrency market has been sluggish in recent days, a piece of good news broke out today, bringing a glimmer of hope to the dull market and bringing Ethereum back to $3,500. What happened?
Ethereum developer Consensys posted a message saying: The U.S. Securities and Exchange Commission (SEC) has permanently suspended its investigation into Ethereum 2.0, which means that Ethereum is no longer considered a security, thereby increasing the probability of approval of the Ethereum spot ETF under review!
Previously, although the SEC's attitude toward Bitcoin was that it was a commodity, they always considered other crypto assets to be unregistered securities and should be regulated by them. And they have always been ambiguous about Ethereum.
Earlier, the SEC approved the 19b-4 document submitted by the Ethereum spot ETF issuer, and the upcoming July 2 is the registration time for the Ethereum ETF S-1 document. Once approved, the Ethereum ETF can be officially listed and traded.
In addition, there is news that BlackRock's Ethereum ETF application resolution time is August 7, so according to the current situation, the probability of Ethereum ETF being approved is at least 80%+.
How should we do it?
I think that in terms of positions, at least 20% of Ethereum positions should be held, which I have mentioned repeatedly before. In addition, some high-quality altcoins related to Ethereum can also be deployed, such as $LDO , $PENDLE , ETHFI, ENS, etc.
Okay, click to follow, Mengge will accompany you to wait for the flowers to bloom!
