Bitcoin Forum

I am creating this thread for us to begin our speculations and discussions for Ethereum's spot ETF. Similar to the speculation on Bitcoin's spot ETF, there are big institutional investors that also want this for Ethereum.

Similar big names are applying. Blackrock, Fidelity, Ark and Vaneck. The next scheduled application is on May 23. Will this be approved or not? Will this be similar to Bitcoin spot ETF where uncle Gary always postponed approval?

https://i.ibb.co/8gKj3HJ/D180-AEA9-8436-42-A9-9-B82-99-AA9-D85-ACE8.png

Bitcoin ETF approval and overall consideration Ethereum ETF has been discussed many times but its approval has been repeatedly postponed. Investor protection for approval is based on stability in the market and compliance with regulatory bodies. There may even be more intrinsic factors in their assessment. I think the involvement of big names like Blackrock, Fidelity, Ark and Vaneck with ETH may affect ETF approval probability but it doesn't actually guarantee approval.

I don't know crap about ETFs and the filings required, but the law/finance people on Twitter agreed that approval this May is like 95% likely to be declined, while approval is highly more likely next year(though still not more than 50% likely).

The fact alone that ETH is put up by a company(Consensys) makes it less likely to be approved in the near term.

Despite many big names interested in etf ethereum, it still might not be approved just as easy as that. Remember that it took so long for bitcoin etf to be approved and now that it is we do not know whether it means more etf cryptocurrency can be approved or bitcoin was the first and last?

I have an idea that this might just go as bitcoin, it keeps being postponed but eventually it will come.

Yes it is very difficult to disagree. If you use the information on what we have witnessed on bitcoin, uncle Gary was postponing the approval for many months and has only approved it during near the last deadlines. I am quite certain uncle Gary will do this again until Blackrock's last scheduled deadline on August 7 hehehh.

However, this will be with uncle Gary in tears who does not want to approve but he will approve very much similar to the spot ETF for bitcoin.

Gensler will not likely postpone this time. he sees ETH ETF was already trading in Hong Kong, if the counterpart is already doing it, they might as well approve.

something may happen again like it did before because every time there is ETF that will be approved it seems like they are dumping those ETH to the new institutional traders. considering there are 3 ETH ETF that will be approved this month, ETH may drop to $2400 by the end of the month.

The potential approval of Ethereum ETFs could create a very good opportunity for investors to invest in cryptocurrencies. Experts feel there is no denying Bitcoin's dominance in the cryptocurrency market. However, Ethereum's unique features also play a vital role in the growing ecosystem of cryptocurrencies. Exchange traded funds ETFs linked directly to Bitcoin and Ethereum are on the brink of approval.

Did my research on this and from the general feedback nothing good for this etf and we should not expect this one to be easily approved in spite Bitcoin the king getting an approval after so many tries, and ETH wants to do it in one impossible.
Maybe trying to ride on the approval of a bitcoin etf , which i dont think it has the support needed to get it through, this one might need several attempts before an approval is arrived.

Yes it will, like what he did with Spot Bitcoin ETF.
Gary Gensler is kind of the "hard to get" guy, and if these companies wants their own Ethereum ETF to get accepted, they need to wait more time hence, he will postpone it.

I don't know, but many said that the supposed ETFs that has a deadline of May are getting postponed based on what I'm seeing online, and I think this is the case. Nevertheless, I'm thinking it's only a matter of time until we see an Ethereum Spot ETF getting accepted. I guess after a year or so. :D

I think at this time where the price seems to be reclining it won't be the best time to hope for an approval. Investors know that this is all temporary and we will see soon a bullish trend but for now we have to be patient and calm. I just wouldn't know how the SEC would react to that market movement of Ethereum associated with bitcoin's temporary decline.

For a long time now I have been hearing criticism about ETF approval on Ethereum. In the past we have also seen Bitcoin ETF approval muddied several times, but all the speculation finally got Bitcoin ETF approval earlier this year. Since Bitcoin ETFs were approved earlier this year, we can expect Ethereum ETFs to be approved soon. However, there is a possible date this month that Ethereum's ETF approval will be applied for. But I feel like we're at the beginning of the drama, we can't really tell what's going to happen next until we reach the climax of the drama.

In the future I think ETH ETF might be approved but for now even Bitcoin approval is just forced. I doubt a more volatile asset and prone to manipulation ETH can easily get the green light while Bitcoin still showing a strong volatility that imposes too much risk for ETF customers which the SEC being considered even before.

Bitcoin ETF approval took so many years so I’m expecting ETH will suffer the same procedure before SEC will finally consider it.

I’m looking forward for this approval but maybe around 2 to 3 years from now.  ;)

With bitcoin etf approved everyone is looking at the crypto world and if ethereum etf were to be approved then it could solidify the crypto world and invite more investors in particularly those new in investing or just in crypto.
Bitcoin has been leading the pact ever since its launch and we will most likely see it continue until the next following years. Even if ethereum etf were to be approved i don’t think it can surpass the success bitcoin has right now.

It's still too young for this proposed ETH ETF. I think it's even the cause of the current dip that we've got lately. Just as what you think, I don't think that this is going to be approved for this month for which it's set to have that decision.
I also think that SEC has got enough already with all of these crypto etf applications and Bitcoin is already enough for them to have it and give it to the institutions that have pushed them to approve it.

I don’t think it will be granted already. And if it makes it way through and get granted, then that’s it for a while because approving ETF has to do with trust for that coin/token and these people do not completely have that trust due to cryptocurrency’s volatile nature. I also think another reason would be to monitor the approved ones and know if they made a good decision before they can move on to more.

After reading this topic where I saw big financial institutions showing interest in getting approval for the Ethereum ETF from the SEC, I did a few Google research to see the possibility of approval and found it highly unlikely. The reason has targeted defi by suing uniswap which we all know uses Ethereum blockchain. I think it will take some time more for an Ethereum ETF approval and it will not happen in May for sure.

However, uncle Gary does not care about this Hong Kong ETF because he is an anticrypto chairman of the SEC. He was crying when he was forced to approve the spot ETF for Bitcoin, giving it many postponements and delays. He also mentioned that Ethereum is an illegal security. Similar to what I have already speculated, this will be delayed until August7. This is the final application schedule of Blackrock and he will approve this. Uncle Gary does not want to anger Larry the new mayor of Bitcoin hehehehe.

exactly. Larry is more powerful than the President of the United States. i don't think Gary will ever have anything to do with the SEC once Larry is disappointed. this guy is likely the one running the entire show and deciding whether the war in Ukraine is to be stopped or not.  Gary may not care about Narnia grabbing ETH in Hongkong but Larry and his friends are up to it. they probably have ETH already since the time ETH was just $1000.

iShares ETH Trust will be on Aug 7. but Gary will approve VanEck, ARk which Hashdex, Grayscale, Fidel and Blackrock will dump their ETH holdings they bought at $1000.  ;D which price will dip to $2200. just my gut feeling  ;D

follow james seyffart on twitter, he's an etf expert. there's eric balchunas too.
right now, it's not looking good for an eth etf approval this year.
gensler is being his usual little bitch.

I do agree that bitcoin will not change much on the long run, I think that would be something unexpected and I do not think that we are going to get that at all. I do get that there are stages when things look like they are not going to get better for bitcoin at times but that is not going to be the case and I am sure that we are going to get better with time as well.

We should realize that the best thing we could do right now would be just realizing that we are not going to get any better. We should probably consider what we can do at this moment would be just expecting bitcoin to always lead crypto, because that seems to be the case so far and I do not think that it will get any different on the long run at all. We should definitely think the best when we are talking about bitcoin.

I think it will be the same as the Bitcoin ETF being approved but it will have different rejections creating volatility in the market, but eventually the ETH ETF will be approved. It reminds me of the gold ETF phase followed by the silver ETF phase, actually maybe in the crypto space adoption is more important because we have gone through so many different challenges, and especially in the crypto space. During the period where the market is currently in an uptrend, large funds will also benefit from that, it's just that the specific time for acceptance is still at the speculative level.

good bullish thread:
https://twitter.com/VivekVentures/status/1789161576987054271

This one will be a big challenge for ETH to prove their worth, and asking SEC for the ETF approval is not easy at all and even if BTC ETF was approve, there’s no guarantee that ETH will get the same approval. Though, if ever this one will push through, it will be a big update for ETH and we might see its bullish trend again, so its also ok to have some holdings now before the hype started.

The greater the love for hodl ethereum, ;D even though the provider is not from the dev but ethreum is recognised for its greatness in the altcoin genre. For me, ethreum fans (whale) want to register and fight for ethreum so far ;D it's a fragrant aroma, they are entities that can be calculated for their wealth. In addition, new projects are also still often used even if only for gas fees. Regarding etf even though we haven't got good news but people are not affected by the delay. For me this is like bait, but ethreum buyers know when to buy without any momentum in advance. Moreover, ethreum if owned by an exchange/service provider (in etf) is certainly vulnerable if fud attacks 1 of them there will be a price break depending on the eth they have to trade for personal use even though it is intended for the public. While waiting for the etf to come, ethreum transactions are still going well.

Ethereum really needs all these good things together, ETF, LSTs, restaking platform, high TVL and so on, right now the price of ethereum started to tanking, not to be pessimistic but probably due to there's so many fud about how ethereum ETF is gonna be declined for some reasons.
though I don't buy that kind of FUD because i know very well how good the ethereum has been so far that its among the most sought after coin.
if ETH somehow gets approved other altcoins will also try to get the ETF approval.
I guess this is why ethereum ETF is so crucial, if its get disapproved instead though it might not be a good news for ETH, the price probably gonna be sub $2.9k which i think already not a good sign.

Doesn’t matter if they approve it or not, ETH will definitely be bullish. Before the ETF idea, it has climbed heights just like Bitcoin, ETF disapproval wouldn’t stop that. And I believe that if it gets approved, the bull run won’t happen as you think. It’ll take time for investors to step in, that’s how its value will increase.

AFAIK the ETF decision on May 23 cannot be posponed, the SEC will have to take a decision. I've read several opinions that the probability of approval is relatively low, for example Bloomberg analyst Eric Balchunas said something like "25%" (https://twitter.com/EricBalchunas/status/1773455316081934825) a couple of weeks ago.

The question is of course the same than ever: is Ethereum a security or a commodity? The SEC's stance on that seems to be still unclear. The premine and ICO are of course an indicator that it could pass the Howey Test.

If an ETF is approved, then there may be another question: will it be a success? There is the quite big problem that an Ethereum ETF would structurally underperform both compared with ETH holders and ETH financial products which allow staking (there are several ETPs offering this), due to the PoS rewards. There were ETF applicants which intended to integrate staking into their product, but only two days ago, two of them, 21Shares and ARK, have updated their filings (https://cointelegraph.com/news/ark-invest-21shares-drop-staking-from-ethereum-etf-proposal) and removed their staking plans.

On the other hand this could be a good sign that there was already communication from the SEC, that only the staking plans would need to be abandoned to give green light. This would essentially mean "allow them, but keep them small."

I think this has nothing to do with the issue of DeFi or Uniswap because ETH do also have a world on its own, just like Bitcoin but even BTC has a lot of issues too in the past, yet look where it is now? So if BTC can do the impossible, then I'm sure ETH can do it too because both are the giants and highly reputed here in crypto.

I thought it was high unlikely like you said earlier? So, you did changed your mind now? That was quick but yeah, things like this ETF approval is not easy but it's a complicated process, much more in cryptos, as we all know that many people are still against them. We are not in a hurry though, so it's completely fine and it's even fine if ever it will not be accepted. ETH can still do better on its own.

If uncle Gary approves one application for the spot ETF for Ethereum, then he will certainly approve all of the other applications very much similar on how it has occurred on bitcoin.

In any case if uncle Gary approves everything on May 23, this will certainly be a very bullish signal for the Ethereum ecosystem.

@Ethereum experts. What are the tokens that might pump faster than ETH if the approval occurs on May 23?

Surely. if he presses enter the price of eth will fly and the ETH community will rejoice because previously the ETF for BTC has been legalized and now the Ethereum ETF giiran.

I am optimistic that this was approved by Uncle Gary as scheduled.

Let's prepare.. :).

Wow, this is really fast, just in case this is true and will approved easily. I was not expecting that Ethereum ETF will come at very short period of time, because before after Bitcoin ETF approved, I was really positive Ethereum will get also but not at very short time and I was expecting like years after.

@siniminomorocomunisakito, @GreatArkansas. On the speculation if the spot ETF for Ethereum will be approved or not, the people does not appear to be very optimistic if we observe the market price for Ethereum. If everyone was very much bullish for the ETF there certainly will be a pump. There is presently no hype for this. I predict that if approved, it might have 2 or 3 months before we witness a pump because of the twaps from the investors from traditional finance. It will not be similar to the occurrences after the spot ETF for bitcoin.

It is only 2 days before uncle Gary's decision on the spot ETF for Ethereum hehehhe. It also appears that the rumors that an approval will occur in increasing. Polymarket has increased the possibility that it might be approved from 10% to 61%. I am not quite certain how these markets are accurate, however, if there is much money behind this then these bettors might be serious on this.

https://polymarket.com/event/ethereum-etf-approved-by-may-31/ethereum-etf-approved-by-may-31?tid=1716255934738

We should also not forget this tweet.

https://x.com/JSeyff/status/1792636774067413502

Eric and James, who are well-known ETF analysts, made a tweet a few hours ago showing & increasing their prediction on the chance of ETF approval to 75%, which was also announced on Bloomberg.
 
A few hours after the news was speculated, we started seeing the turn-up on the market. Eth already crossed $3700 from $3100, which it was trading earlier, and Bitcoin hit $71,000+, and we are still counting other alts that were also not left out.
 
I just hope this pump doesn't stop half way or the market takes another turn immediately after the ETH approval, just like what happens with Bitcoin.

Definitely so! For the future the height of ETH is rising and I am optimistic that the bullish season. Start buying from bearish before arrival and Australia ETF approval application will not return.

We should prepare.

Nevertheless, postponed or not, I think Ethereum fans are also really enjoying the current moment and there are quite a lot of ETH investors out there who are waiting for an ETF to be approved for Ethereum.

Yes. The price of ETH has risen quite strongly if we pay attention in the near future.

75% is very high and this is almost a certainty if Eric and James increased this by 3x from their original estimations. The prediction market in Polymarket has also increased to 69% from 61%. We can presently be certain that we will witness another pump after approval or a dump of disappointment after rejection or postponement heheheh.

In any case, agreed! I also wish this pump will not stop! If uncle Gary rejects this or postpones, I wish all of the Democratic candidates will lose on November!

If approved it will be huge for Ethereum & ERC-20 tokens. I really have my fingers crossed for this, it will be a big driver for a really good Altcoin bull run. I don’t want to get my hopes up too much but this could change our lives.

ETH might get a boost but I don't thing any other altcoins will get any benefit out of ETH ETF. Such kind of investment instruments are not really helpful and also increases corporate interference into the crypto market. Personally, I don't like when deep-pocket corporates get into a market which is supposed to be free and made for the people. Corporates have so much money, they can easily buy a huge amount of coins which can give them the power to control the market at their own will. The next appointment is scheduled for tomorrow, let's see what happens!

 

If the ETH ETFs are approved then there is a high possibility we will see also other altcoin ETFs. The reason it was delayed compared to Bitcoin wasn't that ETH is second in market cap, but the internal discussion inside SEC if PoS altcoins with premines are commodities or securities. The ETH distribution model - a premine, then PoS or perhaps a little bit of PoW too - is used by 95% of all altcoins, so if ETH is a commodity, most other alts are commodities too.

That alone could give a boost to bigger altcoins, and the Solana pump the same day Ethereum pumped was probably caused by that feeling. By market cap Solana would be the next altcoin to "merit" an ETF in the US - BNB is IMO too centralized as it's managed by a single company, Ripple probably too.

About a possible bad influence of "deep pockets" as holders: I believe in general this influence is neutral. Bitcoin for example has already some investments of "deep pockets", and that didn't prevent the developers to add privacy-relevant features like Taproot. In PoS altcoins like Ethereum there could be in theory more interference by the holders, for example regarding censorship of certain transactions. But a lot of deep pockets would have to agree for that.

We should expect the worst at any moment. What happened with bitcoin ETF approval should also be a lesson to many. If we recall very well, there were also pumps in the market when the chances of its approval skyrocketed.
 
and we see Bitcoin break a new ATH due to the hype that the news caused at that time, but immediately after the approval news was made public, we saw a different tune in the market. Such might also happen with Eth, or we might see a positive change too. Any of them, which takes turn, is more than welcome. 

Lol, I don't even think they have any other choice than to approve it; there is already so much pressure on them, and they will have to face more if they ever pick up any reason not to approve eth ETF.

Gary is a pure hypocrisy. I remember that he stated he was very much against Bitcoin ETF but was forced to submit it but then said that Bitcoin is the only thing that will get ETFs and no other cryptocurrency should expect the same treatment but now, months later, he will submit Ethereum ETF, that's a pure hypocrisy.
Trust me mate, Ethereum ETFs will be 100% confirmed. SEC contacted exchanges to update spot Ether ETF applications, they did this exactly before the Bitcoin ETF approval. Also, DTCC listed VanEck spot Ethereum ETF and the way price is pumping up, I believe the positive decision is made and it's already leaked in an inner circle.

Yup, I do remember that time and people losing confidence about bitcoin just because it did not immediately reach their expectations after it was confirmed. Remember that all kinds of speculation roam around at all times regarding bitcoin and cryptocurrencies. These speculations sometimes get over other people’s heads and they either buy or sell according to what kind of news they hear,

It’s better to keep your head down and just not listen to those. Stick to your plans.

Need to add good words Buy the rumors, sell the news!

They are saying that ETH ETF will be announced around 8 pm UTC today (23 May).
It's almost ascertain now that the ETH ETF will be approved and that's the reason of a strong pump now.
It's quite obvious that ETH price will start pumping hard once the ETF is approved.
Strong inflows will happen over the next few weeks increasing the crypto marketcap harder.

According to sources in the media we could get the decision from the SEC within the next 2 hours. I didn’t think it would be this easy to get a Spot ETF for Ethereum but it looks likely there could be approval today.

Just a few hours for us to know the final decision of the SEC towards Eth ETF, and the price of Eth and other crypto have already started declining, are shot-time investors afraid of what will be the outcome that makes them start selling off or their belief of what will happen with Bitcoin ETF to also happen today? If the market drops down more than it is right now and ETH ETF finally gets approved, we might start to record it as a regular thing or anything any crypto asset is approved for ETF.

I think that they'll approve Ethereum ETFs. Gary Gensler probably doesn't want to approve it but there is a pressure and in case of Bitcoin, he was forced to approve it, I think he will be forced today too, there is a money on the scale that matters more than Gary's opinion. By the way, I think that there is another problem for SEC and Gary, if they approve Ethereum ETFs, there will be a wave of unlimited number of cryptocurrency ETFs to be filled and approved. What will be next? Solana, Ripple, Doge, Cardano, Shib, Pepe, Polkadot, Tron, Bitcoin Cash, Litecoin, Matic, Dai and the list goes on. It will be a nightmare for a guy like Gary who doesn't like Cryptos but it is what it is. I still think that Ethereum ETFs will be approved because there is an interest and also everything that happened recently for me indicates that it's already approved and we are only waiting for an official announcement.

There is a breaking news all over my social media platforms that sec and Ethereum ETF discussion is on the pipeline and any moment from now everything will be alright and the price of Ethereum will rise up to it all time high. And if you noticed I this days the price of Ethereum is not declining like before again even though bitcoin is coming down. If was like before as bitcoin is coming down from the $70k to $66k now, Ethereum would reached $3,400 but since it is only 2% that have left from the price.
If the Ethereum ETF has approved today then the price will do well.

19b-4 filings were approved just an hour or so ago (https://www.coindesk.com/markets/2024/05/23/sec-approves-spot-ether-etf-listing-still-needs-to-approve-products/).

If the S-1 filings are approved (can take weeks still), this will make the US the fourth country to have spot Ethereum ETFs, after Brazil, the UK (Bermuda), and China (Hong Kong).

Price is quiet until now, but somewhat of a pump occurred today earlier, when the SEC had already given clear hints that the approval was coming soon. I think however the ETH price in Bitcoin and the dominance could go up to 2023 levels (dominance of around 20% and BTC price of 0.006 approximately, which would be around $4000 at current Bitcoin prices). The reason for this prediction is that the ETH ETF approval means that the field would be "leveled" again between BTC and ETH as it was before the Bitcoin ETF approvals, but then Bitcoin was able to take some advantage since January which caused the dip below 0.005 in ETH/BTC price.

The 2021 ATH is however still relatively distant, at approximately $4880. I think if Bitcoin breaks its own ATH and goes over $75000, then also an ETH ATH is possible relatively soon.

I've read it on several sources and headlines that this Thursday, the US SEC approved Ethereum Spot ETF.

• https://www.reuters.com/technology/us-sec-approves-exchange-applications-list-spot-ether-etfs-2024-05-23/
• https://cointelegraph.com/news/sec-spot-ether-etf-approved
• https://www.cnbc.com/2024/05/23/sec-approves-rule-change-to-allow-creation-of-ether-etfs.html

I guess that this is where the trend goes for the crypto market. There is another rumor although this ETH ETF is no longer a rumor, that a Solana spot ETF might be applied soon. But that's still a rumor, so with this approval for ETH etf could be a sign for it.

The price pump in ethereum had been going on for a week now. I was looking everywhere why is the volume and price of Ethereum has been increasing but there were no news of immediate listing of ETH ETFs. There had been talks about it for months now but the people knowing the fact moved the market first than came the news of the listing.
I happen to jump into ETH just recently and as the news goes to everyone, the price ought to further increase. My target for now is the all time high as even if it didn't reach immediately, the price would keep increasing as people gets to buy the ETF.

After the ETF approval which has already happened now the price of Ethereum will easily go beyond its ATH. It will take time like it did for Bitcoin but it is surely going to happen as out of the 8 approval there are there is one of BlackRock and there is one of Fidelity. BlackRock Bitcoin ETF has been doing better that others. I think they will be doing better with Ethereum ETF. I am assuming both Bitcoin and Ethereum will be now dominating the crypto market.

I was very much mistaken hehe. My prediction was uncle Gary would postpone approval similar to what he has done on bitcoin. However, it appears that according to some rumors on social media, the Democrats are beginning to have a procrypto agenda because Trump has become more popular caused by his procrypto statements in his speeches. This is headshaking because the cryptospace has become a political theatre for collecting votes for the presidential election on November hehehe.

For those expecting some kind of salvation from today's SEC decision,
don't forget that trading volume for previously existing futures-based ETH ETFs were already underwhelming.

approval for ETF of ETH will bring life to crypto world again after all that dumps. People are losing interest into useful altcoins and they're more focused on memecoins just because of their high volatility.

I hope that people well be reverted back to coins like ETH  and they'll not promote projects of meme coins that have no useful ness. Just in search of profits people prefer them .

Without memecoins, activity on Ethereum would be cut in half. Even if you don't personally trade them, they contribute to the health of the network.

The ETH ETF application is now approved but only the 19-b form is approved yet while the S-1 is pending.
This basically means that while the ETH ETF application is approved the exchanges still need to launch the ETFs which are still pending.
Only when the exchanges launch the ETFs the investors can dive deep into it and then cash will pour into ETH ETFs.
There is still few weeks left for this and only then we can see a huge spike in ETH price.

Gary didn't want to approve Bitcoin ETFs and he said that publicly that he was forced to approve it, if it was his own wish, he wouldn't approve. As I remember, he later stated that he wouldn't approve any other cryptocurrency ETFs because crypto is too volatile and dangerous, it's easy to manipulate with it and so on. Definitely, since Ethereum ETFs were submitted, I knew for sure that they would get approved, the whole scenario was copy/paste of Bitcoin ETF approval process but I was wrong about Gary, I thought that he was a hypocrisy and he would vote for Ethereum ETF approval but he didn't, spot Ethereum ETFs were approved by the Trading and Markets Division of the SEC.
This is definitely a political theater like you said.

Memecoins activity is presently leaving Ethereum and much of their creators and much of the traders who like gambling on them are on Solana already. The fees are smaller and the execution of the trades are faster.

In any case, for the people who are scratching their heads why the ETF approval became a dump the news signal, let us tell them that it was a similar occurrence in bitcoin. After the dump, bitcoin pumped for 6 months hehehehehe.

This should definitely get the market going when it happens. Seems like it's not on its way just yet, and we are not seeing it change all that much, I feel like the most important factor to consider right now would be the fact that we are going to see bitcoin to have some increase along with this news as well. Whenever a new thing happens that makes people buy the price goes up, it's simple mathematics and there isn't a way to avoid that.

Also, ETH is not getting any ETF anytime soon, not like in the next three months or so, and we have the bull run coming so I am guessing that we are going to go up anyway, until the companies fill out forms and fix stuff and get approval, we will be already at the bull run and going high anyway.

@FanEagle. Similar to what I have mentioned in another thread. The pattern on Ethereum's price after the approval of the spot ETF might be something similar to Bitcoin where there was sell the news from traders for 2 weeks. However, the inflows on the ETF began and this pumped Bitcoin from $38k to a new all time high. It would be very headshaking to speculate that Ethereum will not gather inflows from institutional investors.