Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
"So you said the BTC ETFs got approved. So I will buy ETH, ok?!"
I can understand this from a trader’s perspective. It seems pretty obvious that an Ethereum ETF is going to happen down the line. I could see why traders would want to be there for the runup to that. You can almost tell how motivated by money someone is to be in crypto by whether their main holding is BTC, ETH, or SOL.
I wonder if the SEC can use (technical) reasons to block ETFs based on other chains and to potentially kick those in the long grass for a far longer period of time.
Most shitcoins are nowhere near as decentralised as BTC (or completely not) and there often doesn't even seem to be an issue cap built in the currency or it is completely vague (exactly like with Eth).