Quote from: avikz on July 30, 2024, 04:22:59 PM

Quote from: DegenLite on July 18, 2024, 05:44:24 PM

Eight new Ethereum ETFs are launching on soon, allowing investors to buy Ether like stocks without needing a crypto wallet. These ETFs aim to diversify crypto investments beyond Bitcoin and are expected to attract institutional and retail investors, potentially boosting Ether's price and the broader crypto market.

Just like the BTC ETF that have been previously approved, this is a call for celebration as it edges the world closer to global adoption of cryptocurrency and pretty much most big
players in cryptocurrency should celebrate this.

What do you guys think the ETH ETF will bring? Let me know

If you think that these ETFs are going to bring in positive effect on the crypto market, you need to re-think! ETF means people will be enjoying the price dynamics without holding the actual assets. This will encourage people not to enter the market directly so the money will not flow into the actual market.

Rather you will see new corporate whales are entering into the market with a enormous power to control the market at their will. Not good at all!

They won't be able to stake it though, so, only hodl and leave what they got Grin