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Ethereum - Ether ETF On Cards

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  • Ethereum - Ether ETF On Cards

    There are reports suggesting that the SECURITIES AND EXCHANGE COMMISSION is considering ETH based ETF.
    The agency in a report stated:

    The Exchange represents that ether is a digital asset similar to bitcoin and is not issued by any government, bank or central organization, but rather is issued by, and is transmitted through, the decentralized, open-source protocol of the peer-to-peer Ethereum Network.The Exchange represents that unlike bitcoin, ether was not designed to function purely as a store of value. Instead, ether was meant to pay for specific actions on the Ethereum Network. However, according to the Exchange, ether’s market is currently supported by many of the same online exchanges and the same infrastructure that has developed around the bitcoin network.

    This looks like a great news for ETH.
    If they are thinking to approve it, ETH price may continue moving higher.
    There is already a rally initiated after this statement was released.

  • #2
    Ethereum like Bitcoin is moving very high, it will be interesting if the same momentum continues or not, so that is what we need to watch carefully. It is amazing that in recent times 1-2 years, it is these Crypto Currencies which are leading the way and are preferred choice. It was not exactly that way as so many people were into saying that it will not go too far in the race, but things have been opposite.