The First Ethereum ETF is Real !!!
May, 2024

The First Ethereum ETF is Real !!!

The US SEC was brought a surprise in the crypto section last night, giving the green light for the first Ethereum ETF, that will be traded directly in ethers and not in financial products that were traded based on its price.


The companies whose funds received the approval from SEC are BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21 Shares and Invesco.


Now the next steps are the filings for S-1 documents, that will make available the funds proposals towards the investing world.


This move is expecting to have to a similar effect on Ethereum price, as it happened in the Bitcoin’s price a few months ago. We might observe another new all-time high level in this market also ?


We might also see another alt-season, as many cryptocurrencies are based on Ethereum and could produce over-returns in the next years…………


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