I wonder about that, because with the btc etf nobody knew what to expect, so they all expected it to skyrocket, turned out that it wasn't as immediate as people hoped, however with this etf people don't seem to expect much from it, and I think there is much demand for it either so it might just turn out to be a big nothingburger with the price not doing much
Both BTC and the BTC ETFs had a drop immediately following the ETF rollout. It took about a month before they recovered and blasted past that. I bought into the BTC ETF on day one and held my breath for a few weeks waiting for the price to recover.
Its possible that the current dip will have some impact here and an ETF will pull ETH out of it, though. That or we'll see a price jump right before the ETF, then another dip, then slow-ish up.
Either way, I plan to buy some because my 401k could use a 30% discount.
You have all missed out on buying grayscales like BTC and ETH at 40% discount. Price action might not mean much to you with these ETF approvals but everytime new ones are approved my stacks grow 35% regardless of price action. First GBTC, then ETHE, next GDLC…
Ether has nowhere near the popularity of Bitcoin among normies. Plus the market is just putting in lower lows, I don't think funds would want to send their clients to the slaughter like this
I thought they were already approved? I believe you mean to say LAUNCHED
https://www.forbes.com/sites/digital-assets/2024/05/23/ethereum-etfs-approved-insights-into-the-secs-decision/
ETFs don’t kill the dollar, they actually are beneficial to the government because it keeps money in the economy because the stock market is regulated. But you buying ETH and BTC and holding them as an asset is taking money out of the American economy and threatening the dollar.
The global adoption of crypto accelerates the replacement of fed shitcoins so yes anything that increases btc and eth adoption absolutely will lead to replacement of the US dollar as a global reserve currency
Yea there’s a reason why China/Hong Kong won’t allow their citizens to own Bitcoin/ETH but will let them buy the Bitcoin spot ETF. Because China wants their currency to stay in China.
These fiat currencies are old tech. It’s inevitable that crypto will be the replacement. Any authoritarian actions like what China and Biden-Gensler have done to try and eliminate crypto are futile
If they don't approve it by July 4th the dip is gonna be a good one. And if they do approve by July 4th the dip is gonna be a good one.
I am accumulating fiat for this scenario too. We are ready and we know that crypto is the future.
sell the news.
Sometimes you lose and sometimes the others win
Discounts incoming!
I wonder about that, because with the btc etf nobody knew what to expect, so they all expected it to skyrocket, turned out that it wasn't as immediate as people hoped, however with this etf people don't seem to expect much from it, and I think there is much demand for it either so it might just turn out to be a big nothingburger with the price not doing much
Both BTC and the BTC ETFs had a drop immediately following the ETF rollout. It took about a month before they recovered and blasted past that. I bought into the BTC ETF on day one and held my breath for a few weeks waiting for the price to recover. Its possible that the current dip will have some impact here and an ETF will pull ETH out of it, though. That or we'll see a price jump right before the ETF, then another dip, then slow-ish up. Either way, I plan to buy some because my 401k could use a 30% discount.
You have all missed out on buying grayscales like BTC and ETH at 40% discount. Price action might not mean much to you with these ETF approvals but everytime new ones are approved my stacks grow 35% regardless of price action. First GBTC, then ETHE, next GDLC…
Ether has nowhere near the popularity of Bitcoin among normies. Plus the market is just putting in lower lows, I don't think funds would want to send their clients to the slaughter like this
Buy $DIP
SEC could have an ice cream party on Friday as well.
Independence day is apt. One more step towards freedom from FIAT.
So dip either way
I can't wait. It will help move the market.
Fireworks in the crypto world! SEC might just light up our July 4th with an Ethereum ETF approval.
Just get it out of the way already. The market picture would be way more clear if not for this bloody ETF
I thought they were already approved? I believe you mean to say LAUNCHED https://www.forbes.com/sites/digital-assets/2024/05/23/ethereum-etfs-approved-insights-into-the-secs-decision/
Yes, I mean to say launch.
All kinds of news show that ETH ETF may be approved by the SEC before July 4, and there may be an accident.
It can be approved any time. Biden-Gary Gensler just don’t want to because they want to kill crypto and any competitors to the US DOLLAR
ETFs don’t kill the dollar, they actually are beneficial to the government because it keeps money in the economy because the stock market is regulated. But you buying ETH and BTC and holding them as an asset is taking money out of the American economy and threatening the dollar.
The global adoption of crypto accelerates the replacement of fed shitcoins so yes anything that increases btc and eth adoption absolutely will lead to replacement of the US dollar as a global reserve currency
Yea there’s a reason why China/Hong Kong won’t allow their citizens to own Bitcoin/ETH but will let them buy the Bitcoin spot ETF. Because China wants their currency to stay in China.
These fiat currencies are old tech. It’s inevitable that crypto will be the replacement. Any authoritarian actions like what China and Biden-Gensler have done to try and eliminate crypto are futile
Yay 😕
SEC could also still act like the massive twats they are. Wouldn’t bet against that
Or on July 4, but it's holiday
Propaganda and fud, its not true until it is.
ETH rules!! Thanks for coming to my ted talk I’m crypto expert Chad Kyle Smith have a good day.
Wasn't half the sub insisting that approval has already happened, roughly a month ago? Did we change narratives again?
There is a two part approval process. They're talking about the second part which would be followed by that market actually opening immediately after.
If it's not the 4th of July, there will be riots.
Open the gates! https://i.redd.it/rwlxcl9zv19d1.gif
But is ETH a security?
Nope