Hey everyone, so I am getting a lot more bullish on ETH (for the next bull market) as Valkyrie and Ark Invest are both applying for spot ETH ETF’s. Thats huge news which I think most people don’t understand the implications of this.
This means that IF any of these get passed, it will take a MASSIVE supply of ETH off the table. Not only that but since EIP 1559, ETH’s burning mechanism will most likely ramp up creating a supply crunch which we have not seen before in ETH. Plus more and more people will stake their ETH further diminishing the available supply.
Needless to say I am trying my best to stay ahead of the curve on this which is why I bought some more today.
We should do great this coming bull market.
Toby
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk; you should always do your own research before making any investment decisions.