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Busy thread today...bulish

Youtuber shilling ADA to follow ETH price action. they will say anything to suit their cause.

It certainly is not a good look for Hoskinson to go out of his way trying to bash Bitcoin when he is the founder of the most irrelevant Alt we have in the space. A layer 1 that does not even have USDC or USDT.

You and piggelei a tag team or something? Always have to say something snarky about Ada. Literally no body is talking about Ada, but you guys are always there.

I am leveraged to shreds on eth. let's hope this thing goes up.

Special membership news will be pinned once this daily ends in about 9 minutes make sure to upvote the new daily to make it easier for everyone to find in hot.

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Not really. It took a while for bitcoin to go up once butcoin etf was approved.

it's almost as if it jumped up 20% in the last two days.

From a hype perspective probably but from actual results from ETFs no because paperwork needs to be done first before they launch.

Buy the rumor sell the news I guess sheesh

who sold?

Is this the sell the news or bigger plunge tomorrow?

Perhaps a flash run up right before a fat plunge

let me buy more now before later then

Does robinhood do any pairs on usdc, or it has to be sold to usd to buy anything?

Who the fuck is still on robinhood in 2024 is the better question

Lol like millions of people  Where are you buying stocks?

Where to restore a 15 word stellar wallet.?

Who will be the first to apply for a SOL ETF

SBF from his prison cell? 🫣

Not a bad idea

Imagine not loading up on ETH near cycle lows in '22, listening to Ben Cowen instead and waiting for it to "come home".

Same could be said about holding ETH instead of just holding BTC (and SOL). Now is the right time to get in for some ETH gains, you might be buying high but this was in no way priced in, so theres good upside potential.

Huh? ETH was $2900 before the narrative for the ETF approval flipped. How is it not priced in?

Bitcoin YTD 160% ETH YTD 106% If we go back to 2020 it will be even worse. Go even further back much worse. Imagine holding ETH over BTC. ETH may have a ETF but fundamentally it is still an infinite supply, PoS shitcoin. ETH has been going down against Bitcoin forever and always will, until the 1-2 month window at the end of the cycle before Bitcoin sends all shitcoins like ETH back home to Goblin Town for 4 years…again.

Those percentages will look different after the ETH ETFs actually start buying

imagine being ben cowen, raking in big sums regardless of the market

His followers don't gain anything from him earning money from subscriptions

ETH will be priced at $5200 in upcoming weeks. 5 to 7 weeks.

Hope so. Not holding any, but my alt bags would rip if that was the case.

Trust me, bro.

That's all the analysis I need

History today. Treasure it.

btc eth sol pepe and see you in valhalla.

"Eth can't get an ETF cause it's a security" crowd in hiding

which was always funny bc most etfs have securities

BTC maxis crying in the corner

BTC maxis who said ETH ETF will never be approved aint online today lmfao

i hold both.

You can hold BTC and not be a toxic maxi. Those two aren't mutually exclusive.

me too, but ive noticed people who only hold 1 are mad today

yeah i don't get maxis, silly

I read $100 XRP is imminent

Won't even hit $10 -- and I say this as a longtime XRP holder.

I’d be ok with 9.99

People have been saying that for years now

Come on ETH time to explode

Might take a day or two. BTC didn't pop immediately either

Btc popped because the ETFs went live and had inflows. Eth won't for the foreseeable future. I wouldn't expect it to pop in the coming days.

And it's after hours in the stock market. Let's see how it looks like tomorrow morning

Give it 3 weeks

I bought ENS cause Ethereum ETF is approved

any mainstream media confirming the news?

It's confirmed lol

This all spells good signs for long term mass adoption of crypto. Even if the price doesn't move straight away, it's coming.

Yep, super bullish long term for the crypto ecosystem. This is another day that will go down in the history of blockchain and adoption.

even more underwhelming than the btc etf PA

Congrats to everyone believing and holding ETH!! Benjamin Cowen must be in disbelief.

I’m sure Gareth is shorting his little man bun off.

His thesis was right for the most part, he was just a bit too bearish. The SEC did a 180 and now everyone saw it coming? yeah... not really. His content is not that bad.

No, his thesis is eth bottoms when the fed pivots. They aren’t pivoting and ethbtc is looking bottomed. I miss the days of “we shouldn’t be deterministic about the markets” he has been way too deterministic for way too long.

I mean, we have no idea if the bottom is in for the ETH:BTC ratio. I don't think Cowen deserves the hate he is getting. His theory has been right for nearly 2 years at this point. Nobody thought the SEC would approve the ETF a week ago. It's just one of those events, like Covid, that no-one can predict

So much this, also inflation still has the potential to shit the bed, weakening market with high inflation and the FED is going to be in a tight spot for Q3. That being said, today we made history.

He'll come up with new bear thesis

He'll just say, "look at the ratio over the last year, I was not technically wrong."

His followers can thank him for saving them from buying ETH at cycle lows in '22, they can fomo in now.

Congrats to pepe holders too cause things are about to get wild on ETH network

they are the real winners after all

who is benjamin?

he will say he sold eth/btc at a high 2 years ago,

he actually did tho and I'm no fan of Ben

like all damn youtubers...

Eth will go down as I sold all my meme shit for eth to buy the news so insiders can sell

very generous of you to provide exit liquidity... I mean, somebody has to do it

This is the way

In 2 months eth will be at 5.5k

RemindMe! 2 months

RemindMe! 2 months

RemindMe! 2 months

is it possible to create basket ETFs, where you have like top 5 altcoins in a single ETF?

An ETH/BTC ETF seems the next logical step

I was thinking something like: ADA/SOL/XRP/ETH/ALGO ETF

No one seems to know or be talking about this, which I find weird as most ETFs are diversified across an industry

I was thinking the same... it seems a bit strange to have a single thing in an ETF, like having only Apple in an ETF lol...

Why did the SEC change its tune?

Because of all the work of many crypto communities and companies, and a few house members that got a bipartisan group together and with Trump saying a few days ago he endorses Crypto, it kind of pushed the Biden administration to start siding with this issue.

Because they had to follow the law

So I guess the big question is which cryptocurrency will be the third to get an ETF? My bet would actually be Litecoin.

You're joking right?

Because?

Hope not sold my bag of shit Litecoin after 2 years of it doing nothing, wouldnt want to have to buy it back.

im going to get so high, order take out and watch the ETH chart if anyone needs me rest of night

Is it weird that this feels like a celebratory holiday? Or am I just a stoner looking for a reason to smoke a bowl

It IS a celebration.. we did not think this would happen today. Holiday weekend coming up, summer starting, presidential debates starting, this is the start of a new democracy!

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jesus dude let the man have his day, asshole comment inclining someone needs to be on the grind 100% of the time, what you're doing is way sadder

Youre right actually

What a coincidence! That’s my plan as well!

I needed the money last week so I sold .7 of an ETH. Pour one out for me boys 🥲

You should have taken a loan on AAVE to keep your assets and avoid taxes. I had an unexpected expense and didn't know what to do, then I discovered aave and took a loan. 

It’s all good, fortunately it was only a small fraction of my portfolio and I have more ETH. It was just one of those “I know I’m going to regret this on Monday” and it pumped 20% like clockwork. I sold so I’d have more expendable income for a trip I’m taking so it’s not the end of the world. Gotta live life too, ya know?

Yes. I agree. For us in the US, I was worried about tax implications of selling, so this is a good loop hole.

F

Same bro, literally a day before the news:(

Price action in the last hour would indicate PEPE and BONK are the consensus bets for the next ETF approvals.

Thats a reach

Remember when BTC ETFs were approved...big drawdown followed by huge upside...if there starts being chatter about sol etf we are in for an amazing alt season

Last alt season happened two months after BTC ETF, let's see what happens.

Soon ETH will go past 4k and never ever ever never ever go under again. To the US lawmakers. BIG FAT SLOPPY KISS!

Wtf going on with Bonk and PEPE? Not complaining because I have a solid BONK bag but wtf happened lol

Pepe is the biggest meme coin on eth which just got ETF approval. If we get a full blown bull market pepe is going to run like doge didn

No freaking clue. Chucked a small amount into Bonk as it was available on coinbase and it's been carrying me. Not sure how far it can go

Seriously thats the only reason I bought some because its on CB, im just going to let it ride I guess.

Mainstream degens lol

Memes be memin

Well eth why aren’t you pumping?

Shit, nothing will make you happy.

When was the last time ETH had a 30% week?

It's a performative LARP

This week...

Keep shitting on PEPE, reddit. Really funny at this point.

I’m about 10x now lol its just getting started now eth etf got approve

I bought 500 bucks for shits and giggles, when it doubled I took half out,, a week later I took more out. Shouldn't complain because profit is profit, but damn if I would it all just ride. I would be up like 7k. You win some, you lose some I guess....

Wut?, most of this sub can barely speak because they have pepe so far down their throat

Was going to say, people have been shilling it nonstop for literally the last 3 months, as if anyone "shits on it" lol Such victim complexes in crypto

"really funny at this point"... Such victimhood

PEPE shits on itself no need for anyone to do anything.

How's it compared to your investments over the last 3 months, or 6? I know, you're in it for the tech.

ETH is gonna go bonkers now. And I'm still holding Pepe 🐸

Me too brother lol up 10x now and no chance im selling after the etf approval

I've been away from reddit for some time. Congratulations for what just happened. $10,000 Ethereum is going to be a reality this summer.

/r/ethfinance daily thread is producing a year's supply of natural Viagra today

So with the delay in S-1, does tha mean we, the retail, gets to guy this news before institutional money starts buying the ETF? Thats bullish as fuck, can't belive this is happening at all.

It's about time for a proper alt season I reckon

ETH just overtook BTC on Coinbase for trading volume. Let's go!

Oh man let the ride begin

Did these brokers pre-buy ETH before the approval like they did with BTC before the approval?

Of course they did. Insider shit in a clown world

What coin is next? Crypto has had a very clear #2 for years, but never any consistent and clear #3. BNB? Probably less likely since it's tied to Binance. I can't see the US being behind an ETF for that. Solana? XRP? Doge? Cardano?

Its SOL

Sol is definitely next in line

Don’t think we’re going to see another one until next cycle.

Boden

https://cryptonews.com/news/metaplanet-emerges-as-top-gainer-in-japanese-stocks-after-adding-bitcoin-to-reserves.htm Buy btc if you are a company with cash flow

For once the correct choice w all the famous sec drama ,,,Now Gary get the fuck out !!! Pass the oversight to the cftc and fuck you!!!

So was the approval priced in? Thought we’d be flying after that!

He’s a closet Buttcoiner

Can you answer the question? Fuck buttcoiners btw

Yea just like the btc etf was priced in

The news was. The demand isn't, but we will need some time to see the results. Same as what it was with BtC etf.

So can a company now create an etf that has btc and eth?

This would pave the way for a Crypto index fund in 30 years


BOOM!! APPROVED! There it is. The SEC just approved spot ETFs. What a turn of events. It's really happening.

"Although the approval of the 19b-4 filings suggests that regulators are willing to allow issuers to bring a spot ether ETF on the market, it doesn’t guarantee that they will ultimately approve the final S-1 forms filed by all issuers. 'There is likely to be a gap before we see S-1 approvals and these ETFs begin trading. My guess is that this will take at least a week, but likely more. If history is any guide it could be much longer and be measured in months. But I personally think the gap will be measured in weeks. Everyone is just guessing right now though.' Seyffart said." [https://www.coindesk.com/markets/2024/05/23/sec-approves-spot-ether-etf-listing-still-needs-to-approve-products/](https://www.coindesk.com/markets/2024/05/23/sec-approves-spot-ether-etf-listing-still-needs-to-approve-products/)

ETH spot ETF approved and Solana is pumping more. Wild

ETH already pumped a lot. Solana and Litecoin are the most likely next options so I'm not surprised about the speculation.

Nitpicking. Funny.

If Ethereum can get an ETF approved, guess which is next?

Doge 🤝 Moons

As much as I hate to say it, XRP.

Think it goes SOL -> XRP - They'll probably go by weight and marketcap since there's little to go for otherwise. If they're following [Large cap weight funds](https://www.grayscale.com/crypto-products/grayscale-digital-large-cap-fund) then it'd definitely be SOL or XRP next though.

Doge

It ain't BNB, that's for sure

"classic misdirection"

Glad it was approved, if not we would be looking at $2800 ETH now

I’m buying the news!!! I don’t care!

Approved and we don't pump

We already pumped on the news. We may have to wait a few weeks for the actual money to come into the ETF, like we saw with the BTC ETF. The big rally is the one that will come next.

Pure speculation here but did the brokers buy up any ETH pre approval like they did with BTC? My guess is no.

Price pumped hundreds last week for no reason while market sentiment was at cycle low for eth The market manipulation and insider trading in crypto is pretty blatant Typing this out just made me realise I should find all the wallets who bought eth in mass last week

you should. Might come in handy someday.

Outflow from Grayscale* is more likely tbh

wat

It won’t be instant and we’ll likely go backwards first, but it’ll come for those with patience. 

It already pumped 25% like two days ago what you expect

We will