ethereum etf approved just now

[bitmover]

https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage

SEC Approves All Spot Ethereum ETFs

So that is it. We already on the moon. Mars next?

[TomPluz]

Breaking news for all of us in the cryptocurrency market...as finally SEC approved the Spot Ethereum ETFs which is this year's second biggest news after the approval of its Bitcoin counterpart months ago. Surely, this is going to be a very exciting development and one that is being embraced by the industry most especially those who are into Ethereum. And the market is reacting as the price of ETH is now at $3,800 and can possibly go more towards $5000 in the coming weeks. Many people are not actually expecting this another windfall for the industry as SEC seems to be adamant in its stance on cryptocurrency and this can even be a little bit surprising.

[hugeblack]

Frankly, I was surprised by this news and I did not expect that the Ethereum ETF would be approved, let alone that it happened so quickly. In general, the news is positive and for POS investors, ETF will give them additional options, but let’s see how it will affect the decentralization of the currency in the long term.

[bayu7adi]

At least with this news, Ethereum's price has not shaken like other assets have experienced. We see positive sentiment for Ethereum continuing until a bullish moment occurs... we haven't gone through the ALT SEASON yet, that means we will not only go to Mars, but to Saturn. It looks like ETH will experience a bigger boom than BTC this year. Let's see at least until December 2024.

[MUGNIA]

Really, it's really unexpected that everything is beautiful in its time, congratulations for those who have bought ETH before, hopefully our hope for the value of ETH to 5000$ can be realized in the next bullrun session

[Agbe]

This is good news, I was following up the news yesterday but I slept off, we thank God that it has been finally approved. The next thing is the price, let see how it will be in this coming days. In these days Ethereum price movement is very strong and it is not like before again. Gone are the days whenever bitcoin declined Ethereum declined X3 but it is no longer like that again for about one week. This is really a good news to Ethereum investors. Cryptocurrency is getting stronger 💪 in the world. Thanks for this information here.

[koang]

When everyone asks wen this wen that… it’s happening right before our eyes.
Yeah, the ETH ETFs getting approved is cool, and Love to see it.
The ETF ETH approval lays the foundation for a new wave of capital to enter the market and bring on the 2024 Altseason.
One of the biggest Altseasons is just around the corner, Just wait til trading goes live for a couple of weeks and Altcoin is about to erupt like a volcano.

[Tribalchief]

The ETH ETF approval was quite faster than that of the Bitcoin. It was just a speculation when I first heard about it, but the approval has finally been done. ETH is certainly going to the moon after this. A possible incoming bull run for ETH and other alt.

[bayu7adi]

The ETH ETF approval was quite faster than that of the Bitcoin. It was just a speculation when I first heard about it, but the approval has finally been done. ETH is certainly going to the moon after this. A possible incoming bull run for ETH and other alt.

Because BTC was quite a convincing benchmark before, while ETH is also an asset that is no less important in the world of cryptocurrency. Judging from the volatility between BTC and ETH, which are both approved for ETFs, I'm sure ETH will increase in price even more crazily, because Ethereum's ETH price is more volatile compared to BTC, while this is also a bullish moment for cryptocurrencies after the BTC halving.

These two combos will clearly make Ethereum stronger in the next few weeks.

[pmbug]

When the BTC ETFs were approved, Grayscale converted their BTC trust into an ETF which finally allowed investors who had bought in to the trust over the previous decade to sell/exit/realize profits.  The Grayscale ETF had massive outlfows comparable to the inflows of all the other BTC ETFs combined.

There is no comparable ETH trust being converted to a ETF that will exert selling pressure / outflows.  Once the ETH ETFs begin trading, it should be mostly upward pressure on ETH price.

[salad daging]

With this news ETH shot up to $3800 because this was the news that many were waiting for after the ETF was approved, many believed that the altcoin season would soon arrive in June but I don't know if they just made a new narrative to create even more hype.

So indeed this is what is more awaited, is it possible that ETH could be more to $6000 in the next year, considering that the real bullishness has not yet arrived, it is still in the resistance area.

We just wonder how the altcoin season will arrive soon.

[armanda90]

Its big news after long term waiting for finally SEC Approves All Spot Ethereum ETFs and currently after bitcoin getting success approval now Ethereum on second place get legal by SEC. But interested after Bitcoin and Ethereum which one coins on the waiting list will get SEC approves for upcoming time?
Always has positive impact of ETF Ethereum approval success make price of ETH up drastically more than 20%, usually difficult to see for Ethereum raise up price without have good news and currently keep stable with ETH price indeed has few percent correction.

[vegasus]

And the effect, look at how the market is now. especially the price of Ethereum. The effect of the Ethereum ETF approval is truly great. At least for the time being, this is very good for the upward progress in the market. Even if you look at the graph of Ethereum itself, it is very significant. Currently, the price of ETH is at $3,740. Even though it is currently experiencing a decline, at least, it is much better than it was a few days ago.

CoinGecko

[Primo1760]

https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage

SEC Approves All Spot Ethereum ETFs

So that is it. We already on the moon. Mars next?

Is Ethereum ETF Really Approved? At first the price movement of Ethereum was so good that it seemed that Ethereum would go between $4000 and $6000 very soon but not long after the price went up it dropped a lot in a short period of time. But I have had the most success since I bought and invested in Ethereum when the price of Ethereum went up. Currently I am seeing a lot of success in my investment and hope to achieve more success from here if the ETF is really approved.

[bitmover]

And the effect, look at how the market is now. especially the price of Ethereum. The effect of the Ethereum ETF approval is truly great. At least for the time being, this is very good for the upward progress in the market. Even if you look at the graph of Ethereum itself, it is very significant. Currently, the price of ETH is at $3,740. Even though it is currently experiencing a decline, at least, it is much better than it was a few days ago.

CoinGecko

It is also moving positively against other crypto and bitcoin



I am hoping to break 0.07 BTC, then i will think about converting ETH > BTC