$ETH BlackRock strikes again! The pledge of Ethereum ETF application, is the market going crazy?
Crypto friends, the king of global asset management, BlackRock, has made another move! It has just officially submitted an application for a "pledged Ethereum spot ETF" to the SEC! This is not an ordinary ETF; it has a staking feature, meaning that buying it not only tracks the price of Ethereum but also earns staking interest!
In my opinion, this is a milestone in institutions' "upgraded playstyle." BlackRock's previous Bitcoin ETF has already attracted countless funds, and now targeting Ethereum's staking yields indicates that they are optimistic not just about the price but also about the value output of the entire Ethereum network. This will undoubtedly significantly lower the barriers and concerns for traditional funds participating in Ethereum staking.
The view of the wise is that this provides strong long-term support for Ethereum and the entire market. But for retail investors, don’t get too excited and chase the highs. Remember three points:
Hold steady your core position in Ethereum, don’t be easily shaken out;
If approved, it will attract massive funds, but there may be twists before approval, so don’t make a heavy bet all at once;
Pay attention to the Ethereum ecosystem, especially the tracks related to staking.
In short, institutions are embracing the crypto world in a deeper way. The trend is irreversible, and what we need to do is understand it in advance and steadily hold onto the value targets.
Crypto friends, the wealth train is whistling and starting its journey, will you keep up or watch it fade away? 关注瑞神, participate in every attack by the wise! The wise will announce specific entry times and real-time news in the chat room every day! #加密市场观察
