Ethereum ETF Approval
Finally, the approval for Ethereum is part E T F approval has been done by the Security and Exchange Commission and I think this is a great moment for all of us in the Crypto market. This is the day we have been waiting for a long and finally, this approval has been done by the SEC however the 2nd part is still not done so the listing of the etf on the exchange cannot be done as of now.
It is still not doing well after this announcement but I think there is nothing to worry about and it is because we have seen a similar sentiment after the Bitcoin etf approval where the market slipped down just after the approval. I would say that it is a long-term game where we are going to see the spike after some time but since this will increase the demand for Ethereum in the market so wait for the moment when this will start happening. It is obvious that with increased demand for Ethereum in the market the prices are going to increase so even now this can be a good idea to buy some because you never know what price we are going to see for the coin in the market.
Now we have got two coins in this market having the spot etf listed for the trading and I think we are going to have soon this is going to be the trigger point. The market is going through an important phase now where Crypto is given the name of asset class because the listing of any exchange in etf itself proves that it is an asset that can be traded by retail or institutional investors in a legitimate way.
Thoughts about this approval and since the second part is still pending so do you think that the Security and Exchange Commission will be doing it shortly? Do you expect that after the listing for trading things are going to be ready for spike and we will see significant growth coming to the Ethereum Price as well as the overall crypto market?
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That's truly a wonderful news for cryptocurrency market I believe its only a matter of time before it reflect on its price rather positively and in other altcoins
It is really a great news for the crypto market to actually see that both etf and bitcoin have been listed for the etf trading and this will definitely trigger a massive height
This is really good news for us. Ethereum ETF approval will be very good for many small and big investors here and it will increase the trading volume of Ethereum.