Hi guys! Its cuurently about 5.30am, 24 May 2024 and it was announced by the SEC that ETH ETFs have been approved, there have 8 ETH ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton approved.
None of my friends are really into cryptocurrency so I do not have anyone to share the news with although it is exciting as ETH is my largest holding in my crypto portfolio. Not life changing amount but a nice amount, comfortable allocation. ETH has been rather "boring" in it's price action recently compared to BTC which had ETF listing and the ETF listing and alts going up and up. Solana stole the show as we saw it soar back up as the ease of using it and cheaper fees attracted huge numbers.
Holding ETH felt horrible as it was stagnant looking at the rest, even the price action...