When we see the market capitalization then Ethereum is the second largest cryptocurrency and that is why it is a very important coin. Hi friends Lucky Ali is this side and you are reading my daily crypto blog I hope you will like this information. It's a good thing Ethereum ETF has been approved by the Security Exchange Commission (SEC). I know this is big news and the market should go up but we can see the calm in the market.
Second large market capitalization
However, we can expect slow growth in the market, especially in the Ethereum currency. Remember, if Bitcoin is the king, Ethereum is the market's queen. Bitcoin ETF was launched earlier this year and it got a decent response from the institutional investors as well as from the common people. Which is why we can see a decent jump in bitcoin price. Now bitcoin's next target is $100k. Do you think Bitcoin will break $100k this year? let me know in the comment section.
Coming back to the main subject Ether ETFs from Franklin Templeton, VanEck, Invesco and Fidelity will begin trading on Tuesday. these are some big companies that will provide Ethereum ETF service. These are the companies that people trust the most which is why ETF approval plays a crucial role in crypto market positivity. Along with these companies, other financial companies will run ETH ETF too. Fees for Ethereum ETFs range between 0.19 % and 2.5 %.
Talking about India the Indian government still maintains a tough attitude toward crypto in this particular thing will push India back in technology. this is what happens when we choose uneducated politicians as our leaders. From wherever you are reading this article please only support those who work for your future and technology.
ETFs and Indian crypto community
High taxes on the cryptocurrency field in India are affecting the growth of cryptocurrency which is not good at all. The cryptocurrency industry's firms and different crypto-related communities had requested the government to reduce taxes on this field But sadly in the budget presented on this Tuesday, Nirmala Sitharaman did not mention crypto. This has disappointed the holders and workers of this industry.
Already there is unemployment in India. just yesterday news came that 4000 people applied for jobs with 15 seats. Now 4000 people are applying to fill 15 posts, so you can imagine how bad the situation is. Instead of focusing on these things governments just want to rob middle-class people and crypto enthusiasts.
The future is not good and I hope that government will change so that we can expect something good. What is your opinion regarding this information please let me know in the comment section. do not forget to share this post. Thank you.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ā„ |