ETH will pump eventually. Here’s why…

This week, the impending approval of ETH ETFs by the SEC was all we could think and talk about. The SEC didn’t let our hopes down, approving not one, but eight ETH ETFs!

ETH may not have pumped yet, but the soon-to-be availability of these ETH ETFs will bring about wins on many fronts. For one, there is greater regulatory clarity. In April 17, the bipartisan Lummis-Gillibrand Payment Stablecoin Act was introduced, and ETH, being a public blockchain on which stablecoins are minted, will fall on the right side of the cards. This bill will allow US banks to obtain stablecoin licenses and stimulate widespread adoption of ETH! With ETH ETFs soon to be launched in the market, it will be unlikely that ETH will be classified as a security. Such regulatory stability will go a long way in cementing demand for ETH because of the increase in investor confidence, all of which will result in more money flowing into Bitcoin.

In addition, these institutional investors practically control the world. (Yes, looking at you, Fidelity, Franklin Templeton, Ark, Invesco, Grayscale, Bitwise, and VanEck.) With their combined clout in the financial market, well-heeled investors who were initially skeptical about crypto will be inclined to shed their cynicism to invest some money into the ETFs. Enhanced demand for ETH will only bode well for its price and ecosystem.

Stay calm, my Bronuts. The best is yet to come.