Hi HODLers, Hiveans and Lions,
A few days ago, I was asking why #ethereum was pumping here on Threads. Despite the lack of help from my fellow lions xD. I have now the answer!
Nasdaq filed the 19b-4 form with the securities regulator on behalf of the $9-trillion asset management firm for a proposed ETF called the “iShares Ethereum Trust.”
Blackrock is not the only firm waiting for a spot Ethereum ETF as there are at least five firms in the running to win the SEC’s approval.
This was the reason why $ETH pumped 15%+.
Hopefully, it sustains itself over $2,000 during the weekend. I have also read another article showing that flows going into Crypto products (MFs, Grayscale trust or into CEX such as Coinbase) have increased tremendously over the past 30 days.
I would love a Thanksgiving, Christmas rally!
Stay safe,
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