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Ethereum ETFs are coming

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okalok
73
3 months agoSteemit2 min read

It's great news for the entire crypto community that another spot ETF is coming shortly. The first part of the Ethereum spot approval was done in May and now the second part is also done so the trading is going live on 23 July. No matter whether you hold Ethereum or not this will surely bring a positive impact on the overall crypto market as we have seen when the Bitcoin ETF was approved.

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I expect that the immediate effect cannot be seen in the market however over a period we will see more positivity and bullish sentiments coming over. Even now it can be a good idea to invest in Ethereum for the long term however this is not for financial advice but if you still believe in the project and you think that the coin can create appreciation in the coming months and years then investing now can also be a good move.

For the first time, shares of publicly-traded Ethereum (ETH) ETFs will be listed alongside the likes of Apple Inc (AAPL) and SPDR S&P 500 ETF Trust (SPY) on some of the United States’ most popular brokerage platforms. The anticipated listings are a defining moment for cryptocurrency markets and an opportunity for millions of US institutional and retail investors. Here’s what you need to know to make the most of it.

It's a fantastic moment for the entire crypto as the listing is coming live this Tuesday and the weekend is about to get over in a while. May be the case that we are going to get more ETFs from Crypto so what do you think that the next coin is going to be? I expect that Solana has better chances but BNB is also the one however this is completely centralised so not sure if that can be a possibility in future or not but I have seen some of the discussions in which Solana has been considered as one of the coin for the next spot etf.

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