Tomorrow, spot ETH ETFs will begin trading on the 🇺🇸 stock markets 🥳
It's been a long time. While I've been investing cryptocurrencies for the last 6.5 years, I'd never imagined spot ETH ETFs would be traded on the 🇺🇸 stock markets. It's a historical moment.
Some analysts said after the inception, ETH price will be bearish more. I don't agree with this. ETH price has suffered a price correction of an enough depth, and has been consolidating during the last 5 months. Therefore, I think there won't be a price correction anymore.
Take a look at what happened after the inception of spot BTC(Bitcoin) ETFs. Wall street now has more than 900k BTC. They have been accumulating around 300k net BTC for the last 6 months. It's around billions dollars.
The ETH marketcap is less than BTC. What if they start buying ETH with billions dollars for the following months. The mid-term direction of ETH price seems to be clear.
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