SEC Approves Ethereum ETFs

The second most anticipated event of the year has taken place!

The Security Exchange Commission approved the trading of spot Ethereum ETFs and the trades are expected to be launched tomorrow! When we look back to the time when spot Bitcoin ETFs were approved, the market is expected to go significantly up with the fresh liquidity coming to Ethereum!

After more than 6 months, crypto got closer to being a publicly accessible market with regulated exchange-traded funds! Following Bitcoin, Ethereum becomes the second blockchain - based technology that can be directly invested in without CEXs, DEXs, wallets etc.

This milestone has not been reflected positively on the prices as the markets turned red due to the rising global risks and the uncertainties over the next president of the U.S. Though we do not see the instant green candle on the chart, the spot purchases will change it pretty soon 😎

Crypto does not sleep...

Kraken achieved a great deal by establishing a partnership with Tottenham sports club. Even though Fan Tokens have lost their value drastically since the crypto ecosystem got into the bear market, they have a real use case when a crypto enthusiasts try to spend their balance on sports - related events.

Both centralized exchanges and Chilliz project take the potential of Fan Tokens seriously. They may surprise their holders a lot when the bull season comes back!

On the other side of the coin, we have "pump fun" enthusiasts that are trading new meme tokens on Solana blockchain. As the current trend is about the candidates in the U.S, there are some meme projects that are almost rugged.

Make sure that you are not getting addicted to that side of crypto as the results may not be desirable for you. However, as long as you know your limits, you may try your luck as the liquidity of the market is circulating there!

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