Grayscale's official announcement, Auntie is still the stabilizing force in the crypto circle!
Just saw Grayscale speak up, I smacked my thigh and exclaimed how knowledgeable! They are straightforwardly saying: ETH is still the leader of blockchain, as long as the congestion fees are lowered, the on-chain printing machine can roar to life! It's like saying as long as the highway is free, the pancake stall in the service area can go public — the words may be crude, but the reasoning is solid!
Last year when the Bitcoin ETF was approved, Grayscale’s own products were heavily impacted by management fees, causing BlackRock to rake in funds, with a staggering daily outflow of 640 million dollars! Now the same scenario could hit Auntie — after Grayscale’s 11 billion dollars in ETH trust turns into an ETF, if retail investors collectively run away, the short-term selling pressure could create a golden pit! But we are not afraid, after all, Auntie’s position is as solid as a rock!
I confidently state three points:
Short-term sentiment: Institutional daddies only recognize Grayscale’s stamp! With the ETF about to launch + expectations of interest rate cuts, funds may rush to grab Auntie, but be cautious of the initial selling pressure of Grayscale’s ETHE, if it drops below 3050 dollars, close your eyes and buy!
Mid-term look at L2: Arbitrum earned 40 million dollars in protocol fees in the first quarter! Once Auntie's mainnet upgrade is complete, these second-layer networks will be the golden goose!
Long-term as tech bonds: Staking earns interest + on-chain income as dual engines! Grayscale predicts on-chain income could double to 5 billion dollars, with a market cap pushing to 800 billion? I think it’s possible!
The Bitcoin ETF is a trailblazer, but the Auntie ETF is the money tree! When traditional capital rushes in and sees DeFi, NFTs, and blockchain games all partying in the Ethereum ecosystem? Remember: only those firmly holding spot assets are the seasoned players!
Is Auntie's printing machine really about to start? Not paying attention to this? Your account might lose a zero again! The market is in turmoil, facing risks alone? Click on the profile to follow! Daily updates on the wealth codes of spot trading + core strategies to navigate bull and bear markets, with big players so you won’t be lost! $ETH #ETH🔥🔥🔥🔥🔥🔥