Ethereum ETF Approval Imminent!

This might be happening NOW, and you need to be ready…

As a trader and investor, it's crucial to stay on top of the latest developments in the crypto market.

If you remember our email on the Bitcoin halving, we gave two recommendations. 

Both of those are up handily since I gave them to you in that email and SIGNIFICANTLY up since our long-term buys that were sent in our private group.

From here, all eyes are on the potential approval of Ethereum ETFs by the SEC very soon...

• With Democrats trying to avoid being on the wrong side of this political issue and Trump calling himself the "crypto president", the pressure is mounting for swift action.

• Renowned crypto investor Lark Davis suggests that BlackRock, a major investment firm, may have played a pivotal role in expediting the ETF filings. 

• Bloomberg analysts Eric Balchunas and James Seyffart have even revised their approval probability from 25% to 75%, citing discussions about expedited 19b-4 filings, a critical step for ETF launches.
  

• Galaxy researcher Alex Thorn offers further insights, indicating that the SEC might differentiate between Ethereum (ETH) and staked Ethereum (stETH) as distinct securities. 

With Ethereum trading as high as $3,710 in the past 24 hours. This surge in value is largely attributed to the increasing likelihood of the SEC approving spot Ether ETFs.

We predict continued strength for ETH based on the SEC's decision, with potential highs above $5,000 with or without an approval. Remember, markets are always forward looking and the impact of this imminent approval will be priced in BEFORE the event. 

Also, the market optimism isn't limited to Ether. 

Altcoins have also benefited from the positive sentiment, and Bitcoin is now trading above $70,000 for the first time since April. 

The approval of an Ethereum ETF will be a major milestone, signaling broader acceptance of cryptocurrencies. This may be the first of MANY others to come… Litecoin and Solana may be following right behind 👀

Key dates to watch👀:

- May 23: SEC's deadline to rule on VanEck's spot Ether ETF application

- May 24: SEC's deadline for ARK 21Shares' Ethereum ETF application

In conclusion…

The SEC has called for issuers of spot Ethereum ETFs to promptly update their 19b-4 filings. 

This move has ignited speculation within the Ethereum community about the imminent approval of these funds, potentially within the few weeks!

So, as we await for the SEC's decision, it's crucial to position yourself strategically BEFORE the actual news hits. 

Consider the potential impact of Ethereum ETF approvals on your investment strategies and be prepared to adapt accordingly.

Remember, just as with the Bitcoin halving, these key events can significantly influence market dynamics.

I suggest you go back to our halving article and apply the math to ETH. 

Stay informed, stay vigilant, and be ready to seize the opportunities that arise.

See you tomorrow! 👏

Rooting for you,

Paper Gains.