US SEC Approves Bitwise's Combined Ethereum & Bitcoin Spot ETF - Another Great News for ETH

I have just woke up and my Twitter feed was just basically feed with this great news regarding Ethereum and ETFs.

Bitwise Ethereum & Bitcoin combined ETF

The US SEC has officially approved Bitwise's combined Ethereum and Bitcoin spot ETF. This is another sign that big boys believe in Ethereum too and we should use it as a sign to keep believing in the project.

As we know Ethereum is not moving like we expected, someone is really mitigating its pumps every time it happen and my conspiracy theory says that big whales are just somehow doing it so certain other big whales can accumulate cheap before releasing the bulls.

This ETFs are very important for Ethereum because they validate the project more than just a speculative asset, it is being recognized as the same institutional level as Bitcoin giving ETH legitimacy, liquidity and adoption.

List of Ethereum ETFs

This ETFs when the time comes will bring major funds, pension plans and more conservative investors in a easy way probably leading in billions of inflows into ETH over time. This also provides regulatory clarity too. Now the next goal is to achieve staking ETH ETFs that will provide yield to investors and make it more attractive.

Some will say that BTC is better blablabla, however it is easy to clearly distinguish how the future and present is/will be for this two assets competing in totally different topics. Bitcoin will be used for payments in some countries with shitty currencies and also as store of value one day, however, Ethereum will mainly conquer the whole technological ecosystem for other kind of utilities. Removing price and profit opportunities from the algorithm, Ethereum has a really bright future and this ETFs keep proving it.

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