Hello friends,
I am doing good, and I hope you are having a good time with your near and dear ones. I'm not much active on this platform these days because of the work schedule but still I'm trying to keep myself updated whatever is happening in the market through news updates.
There are so many news updates floating around about Bitcoin and Ethereum. One of the biggest news update I got to know yesterday that security and Exchange Commission has stopped investigation for ethereum. I think that this is a big news because now Ethereum can be considered as an asset which is also official. There is no need to do the investigation further by the Exchange Commission as they have given the approval for ETF listing.
No security can be considered for exchange traded fund so if the ETF is approved then it simply means that the instrument is asset and not a security anymore. We should be happy and proud that finally we have two assets in Crypto market which are considered as assets and not a security by the official government authority.
Market sentiments are not good these days but still there are so many good news. I am bullish on etherium especially after this E T F approval because this is the first alt point which is going to be asset in the market. Apparently we can say that it is an asset now and the trading for etf will start from second July onwards. This is the update as of now that trading will be starting from 2nd July which is like we are left with almost 12 days from now to see that happening.
I believe that it is going to be a big moment for the entire crypto community when the trading for these alt coin eth will go live. With etf trading going live for Etherium is going to open the doors for institutional investors as well as retail to buy this asset and hoping that this will bring more value appreciation for ethereum. I don't know how much time it will take but in the long run surely this coin is going to be more valuable as compared to the current value in the market. One can think of investing in this coin provided you think of maintaining it for the long term and invest with the long term strategy because in short term things are mostly risky but in long run it is different approach.
I did invest in a small amount of money on ethereum and my investment is for at least one year from now but since I have completed a few months already so it is already a part of my long term strategy. I have not decided any price point on which I want to sell it but surely I'll not be saving it before the one year which means the year 2025 is my goalie and I'll see at what point I should sell out and book some profit. I'm hoping that the time is going to be the bull run time where the market will be up and maybe there'll be many more opportunities in the market that time so let's see how things will be in future.
Thank you
Peace @mukund123
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