Is the market crash actually the bull market charge? Ethereum spot ETF will be launched this month!
The Ethereum ETF storm is coming! With the revised S-1 form submitted in July, the SEC is expected to officially approve it around July 12. Based on this, it is speculated that Monday, July 15 is expected to be the big day for the official trading of the Ethereum ETF! However, the approval process of the ETF is still full of variables, and the specific time still needs to pay attention to the latest approval progress and market trends of the SEC
Will the launch of the Ethereum ETF bring about an ETH bull market?
1. Before the bull market officially starts, market crashes are routine operations. Recently, the crypto market has set off a shocking wave of callbacks! The market is surging, and ups and downs are inevitable. So how did the tokens of various sectors perform in this round of crazy plunges?
Behind this round of frenzy selling, there are many complex factors involved: the decline in miners' income after the Bitcoin halving has led to continuous selling to recover the cost, the frequent "market crashes" by government agencies such as the German and American governments, the start of Mt.Gox compensation, the large-scale net outflow of Bitcoin ETF spot, and the market demand callback. Although bad news keeps coming out, in fact, this selling pressure is not surprising, and the fundamental reason is still insufficient purchasing power.
Next, think about the current situation: 1. What will the Fed do next? 2. The eve of a 4-year cycle
Ethereum spot ETF is about to pass, what kind of shocking effect will this have on the market? At least, Ethereum will be equivalent to listing on the US stock market! Such certain good news will undoubtedly become a huge driving force for the market, with far-reaching influence, wide application, and unlimited potential!
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