Hello friends,
I am doing good, and I hope you are having a good time with your near and dear ones. Even though I'm not very active on this Web 3 platform but still I'm trying to cover news updates. I am more interested in Ethereum because this is one of the coins that we are going to have soon as part of the exchange-traded funds. This is also called ETF in short and this is a legit way to trade on crypto through the asset management companies.
The Security and Exchange Commission aka SEC approved 19b-4 forms for eight Ethereum ETFs and now the approval is pending for S-1. Once this is approved by the Security and Exchange Commission then the ETF will be listed for trading which is going to be next week possibly. This is not the final deadline and it might also extend depending upon how things work but as of now this is the update that we are going to have Ethereum ETF going live next week.
It is one of the most popular altcoins in the market and after Bitcoin Ethereum is the second coin as per the market cap. It means that this coin has potential and its blockchain network is also very much popular among projects. The network is stable and technology sound which is why most of the projects prefer to build their applications on its blockchain network. There was an issue with the gas fee on the network but still, it was the preferred chain for many projects and I don't think there is any alternative as of now that can replace the existence of Ethereum.
Bitwise filed its updated registration form on Wednesday as some analysts say those products could begin listing in the next two weeks. A source close to the situation said the SEC hasn't indicated when there would be final drafts, but said it was possible to get the go-ahead from the agency by the end of next week
It is expected that once the trading is live the price for the coin could go up and we can also see the drop temporarily. If we talk about the long-term investment plan then it's worth investing in this coin because it is expected to drive fantastic price appreciation growth in the long run and ETF approval is going to be a big reason. This is what I believe and I'm expecting a nice value appreciation in the next few years so let us see what value and gain opportunities Ethereum offers to the investors.
I have invested some amount on Ethereum and planning to do some more if it is possible for me before the EFT listing goes live. I'm not a financial expert but based on the news updates and overall market sentiment looks like this time the bull run is going to be bigger than ever and this is why investing in ethereum can be the right decision. It is the first altcoin so there is no reason to worry about instead we can invest for the long term and justice see the investment grow in the next few years.
Thank you
