The market has started to speculate on the approval of ETFs now!

ETH Spot ETF may be listed later this week or during the week of July 15th.
Currently, six SpotETH ETF applicants in the United States have submitted updated S-1 filings, including Fidelity, VanEck, Franklin, 21Shares, Grayscale, and BlackRock.

The Ethereum ETF will bring a lot of funds to Ethereum. Please remember to allocate to Ethereum instead of simply going all in on its ecosystem coins. Position management is very important! ETF only brings funds to ETH, not AltCoin, whose funds come from the market and retail investors!

This is why almost all institutions are buying ETH recently!
You need to understand this basic logic. Just like the BTC ETF back then, when it comes to the later stage of BTC's bull run, after this wave of ETH ETF is approved, institutions will rush to enter the market, and ETH will also have a decent performance! L2, LSD, defi, stablecoin, and stake under the Ethereum ecosystem are all its subordinates!

The approval of the ETH ETF has attracted more long institutional investors and traditional investors to enter the Cryptocurrency market, thus increasing the demand for ETH. Just like the approval of the BTC ETF, BTC surged by 80% directly after the approval.

Gemini estimates in its latest research report that once the Ethereum Spot ETF is approved in the United States, net inflows in the first six months may be as high as $5 billion. Currently, the ETH/BTC ratio is close to a multi-year low, and strong fund inflows may trigger a rebound. If the ETH/BTC ratio returns to the median of the past three years, ETH may pump nearly 20%. If it reaches the maximum value of 0.087, it may pump 55%. #ETH #BTC