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✅ Ethereum-based ETFs approved by the SEC! Yesterday, the SEC approved applications for a spot ETH-ETF, which means that trading can begin today! https://www.coindesk.com/business/2024/07/22/sec-approves-spot-ethereum-etfs/ Research firm Steno Research predicts that ETF ETFs will be able to receive between $15 billion and $20 billion in inflows in the first year. As in the case of BTC, after the approval of the BTC-ETF, the price of ETH did not react strongly with growth, since this news was already embedded in the market. However, in the long run, this is a positive factor for the price.
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