Wen Spot Ethereum ETF?

After the U.S. SEC approved the Spot Bitcoin ETFs last January, we witnessed a serious FOMO condition from institutional investors.

The BTC price, moving in the month after Spot Bitcoin ETFs, put a New High on track that had happened before the cycle, and, of course, compared with the currency of many countries that had weakened, BTC prices had already broken through All time high.

The 11 funds that have recently approved Bitcoin Spot ETF are trading only 5% of the fund's value. This will cause huge institutional funds to flow into the cryptocurrency market far more than the total market value.

This year is also the year of the fourth Bitcoin Halving in April, which is in accordance with the statistics of each previous round. There have never been any New High Bitcoins before this round of Halving. Investors should be very careful and keep an eye on it.

However, ETH always did performance higher than BTC after BTC grew in bull run.
With an extensive ecosystem, many types of business-supported functions have used cases. How little does an old world investor care?
As the emergence of Web 3 applications on the Ethereum platform will result in greater demand for ETH when combined with Ethereum (ETH) hardness after the upgrade, The Merge, which causes ETH to eventually enter a "refract" condition.
Ethereum ETF approvals follow this year's Bitcoin ETF. It is expected that the Spot ETH ETF will be approved by may 2024, the month SEC will have to make a final decision for multiple applications.

Currently, there are people who apply for the Spot Ethereum ETF including BlackRock, VanEck, ARK 21Shares, Fidelity and Invesco Galaxy, Grayscale and Hashdex from SEC.

The SEC must decide VanEck's offer by 23 may, ARK 21Shares by 24 may, Hashdex by 30 may, Grayscale by 18 June and Invesco by 5 July.
The section of fidelity and blackrock must be decided by August 3 and August 7, 2024.

#ETH #Write2Earn‬ #ETFs. $ETH