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July 22/Ethereum spot ETF trading: good news, not bad news
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#比特币大会 #拜登退选 #以太坊现货ETF #SOL #BTC
🔹Reviews of Cognitive Society
Bitcoin hit 68,500 on July 22, which is close to its historical high. To say it is strong is an understatement.
Most of the positive news in the financial market is negative news, but the launch of Ethereum spot ETF is not negative news, because there will be continuous incremental funds entering the market. However, it should be noted that the Ethereum spot ETF is partially open on July 23, and Grayscale's 1 million Ethereums will be sold.
Therefore, Cognition Society believes that if Ethereum rises sharply on July 23, it is necessary to reduce positions a little, because Ethereum spot ETF will have to wait for BlackRock's transaction before a large increase in funds will enter the market.
#比特币大会 #拜登退选 #以太坊现货ETF #SOL #BTC
🔹Reviews of Cognitive Society
Bitcoin hit 68,500 on July 22, which is close to its historical high. To say it is strong is an understatement.
Most of the positive news in the financial market is negative news, but the launch of Ethereum spot ETF is not negative news, because there will be continuous incremental funds entering the market. However, it should be noted that the Ethereum spot ETF is partially open on July 23, and Grayscale's 1 million Ethereums will be sold.
Therefore, Cognition Society believes that if Ethereum rises sharply on July 23, it is necessary to reduce positions a little, because Ethereum spot ETF will have to wait for BlackRock's transaction before a large increase in funds will enter the market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.