Ethereum ETF now live with first day $1 Billion of Trading Volume

Finally, the day has arrived that we have been waiting for and its about Ethereum. The good news is that Ethereum etf is live now and available for trading. We are aware that the first approval was done in May and now after two months, the second approval is done by the Security and Exchange Commission. This has been awaited for the last couple of weeks and finally, it was done enabling the Ethereum spot ETF to go live on the exchanges for trading.

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The first day has been fantastic in terms of trading because the ETF has gone amazing. After all, the trading volume is more than one billion dollars. In the case of Bitcoin, it was almost $5 billion but we also need to consider that Bitcoin is a bigger asset than Ethereum but it is not bad in the case of Ethereum. I would say it's a great start and looks like things are going to be even more valuable but the impact we can see after some time in the market.

There is nothing like in stand impact in the market just after the launch because it is something that takes time and once more people start investing in this ETF then it will show some positive value appreciation. I expect there are more countries will follow the trend in the coming years where the Etfs for crypto coins will be available for investment purposes and retail and institutional investors will be able to take part easily.

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