Is there any reason to think an ETH ETF isn't 100% certain? Trump entering the fray and filing for an ETH ETF means it is a closed case. The only question now is when might it be approved. The worst we can say is that it would be approved before his tenure expires, but chances are it would happen a lot sooner than that, my guess based on what it looks like is that it would definitely happen before the end of this year.
The SEC has already classified ETH as not being a Security, just like Bitcoin, and if Bitcoin could get an ETF under Biden and Gary Gensler, how much more under Trump?
This is not financial advice but I think at this point it is safe to start preparing for what would happen after an ETH ETF is approved, like a certain new ATH. It's a wonder, though, whether this would ignite the long awaited Alt-season but the chances seems slim because all the focus would be on ETH once the announcement is made and that's the only place the pump might be at.
The brewing World War 3 might ruin everything for everyone, though. The war between Israel and Iran might not seem like that big of a deal but I bet the begining of the 1st and 2nd World Wars didn't seem like a big deal either 😅.
It is possible Iran has a nuclear bomb already or something, who knows, they might succeed in pulling something that might lead Israel's allies like the USA to get involved, and who knows which Iran allies might get involved too.
Hopefully this blows away or at least don't excalate past this point kinda like the Israel-Palestine conflict. If things stay cool 2025 should still be a great year for Crypto and a great year for Alts 🌝.
I'm also still harbouring some fears about Trump's involvement with crypto because he seems like the kind of guy that is almost certain to have a crypto scandal one of these days and tank prices just like Sam Bankman-Fried did. Hopefully Trump leaves office before that happens.
The End
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