A positive news came from SEC. It seems like that ethereum ETF will be approved as per the recent news from SEC amanded it. Bought 8 at 2905 and got nice price here. Glad to see that i have also have a lot of ethereum stacked staked in the various LRT and LST staking platforms.
Yep. Recently, we have good news related to Ethereum ETF. Some media stated that Ethereum ETF will be approved. This makes Etheruem price increased significantly, it is almost reaching $4k. You are lucky if you have many Ethereum on you wallets. Your even staked your Ethereum, right? It means you have more Ethereum on your wallets now. It is a good strategy, staking enables to have more coins even if we only hold it on the wallets. Unfortunately, I didn't do it because I think the number of my Ethereum isn't good enough for staking.
This big news meant a lot for the crypto industry. I can't even imagine that if SEC will approve ethereum ETF. that will be so big as it will not call ethereum as a security again.
If Ethereum ETF is accepted, I think Etheruem price will be above $5k soon. And we may see another pump on Bitcoin and other altcoins, it is because there will be a hype on the news. All the investors will have a new spirit to keep buying, the demand will increase on the market. Sure, this will bring big impact to the whole crypto industry.
Current news related to Etheruem ETF:
1.
https://cointelegraph.com/news/lawmakers-urge-sec-approve-spot-ethereum-etf2.
https://www.coindesk.com/markets/2024/05/23/ethereum-etf-approval-could-spur-60-rally-as-eth-buying-increases/