Quote from: Bureau on May 24, 2024, 01:13:45 AM

Earlier this year we saw how Bitcoin approval affected the crypto market. A short bull run began and Bitcoin created a new ATH. Since then everyone within the community were speculating whether Ethereum ETF will get approved by the SEC.

Good news is that a few hour back 8 Ethereum spot ETFs got approved. Resulting the Ethereum dominance in crypto market increasing to 17%. Currently Ethereum is in the green zone as that was expected while Bitcoin staying in red.

My question to everyone out here, can Bitcoin and Ethereum together bring in a big bull run, bigger than the one we saw in 2021? What are your expectations and what do you guys think with be the ATH for ETH?

After the approval for spot Bitcoin ETFs on January 10, 2024, the Securities and Exchange Commission (SEC) has approved a rule change that allows exchanges to list spot Ethereum ETFs in the U.S. on May 23, 2024. No Ethereum ETF is approved yet.

Quote from: avikz on Today at 02:40:17 PM

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What now?

Wait for the day when big corporations sucks up all supply from the market and starts controlling it as per their own whim!

Having ETF approved, is moving us away from the actual goals of cryptocurrency. It should remain as people's money which any corporate intervention. But with ETF, millions of dollars worth of corporate money is flowing into the market which will eventually take out the control from people's hand to their own.

Institutional money will create a different type of market condition for sure. But, they can not take the control from retail by design, unless retail willingly give up the once in a lifetime opportunity for sovereignty of finance.