SEC Certification! Truth Social fires the first shot for Bitcoin and Ethereum ETF applications, is a spring in the crypto world approaching?

History is knocking at the door, brothers! The confirmation letter from the U.S. Securities and Exchange Commission has directly pushed cryptocurrency from the 'margins' to the 'mainstream' stage—Truth Social, a major player, has made a move, and the dream of Bitcoin and Ethereum ETFs is finally no longer just talk!

In simple terms, the U.S. SEC has officially announced that it has received the formal application documents submitted by Truth Social, which aims to launch Bitcoin and Ethereum ETF funds. What does this mean? An ETF is like a 'stock version of cryptocurrency', allowing ordinary people to buy and sell Bitcoin and Ethereum through a securities account, without having to deal with the complex aspects of wallets and private keys. For example, buying ETF shares of Truth Social would indirectly allow one to hold Bitcoin or Ethereum, significantly reducing risks and barriers to entry. This is equivalent to bringing cryptocurrency into the U.S. stock market, making it accessible to anyone, no longer just for insiders to 'self-amuse'. In light of previous news, the SEC has recently been handling a bunch of Bitcoin ETF applications, and now it's Truth Social's turn to join the fray, and they're moving quite quickly!

However, brothers, there are always two sides to a coin. The SEC's approval is not easy to achieve; historically, they have rejected Ethereum ETF applications multiple times, citing 'manipulation risks' and 'high market volatility'. In 2023, after Grayscale's Ethereum ETF application was denied, ETH plunged 15%, leading retail investors to lose money chasing the rise. Truth Social itself is a media company, not a financial expert, and if there are regulatory slip-ups in handling the ETF, it could delay the entire application process. Therefore, I suggest not going ALL IN in the short term, but waiting for a clear signal from the SEC. In the long run, the approval of such ETFs is an inevitable trend—it’s like a highway that can accelerate the speed of digital currency, but there may be bumps along the way.

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#美国加征关税 $ETH