The Ethereum ETF has been a big deal lately. For a long time, Ethereum has been under a lot of questions and uncertainty from regulators. This has made things difficult for the whole crypto industry, especially for Ethereum and its related projects. However, there is hope that if the ETF is approved, it could be a positive sign for more stable and clearer regulation.
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the crypto market does not experience the slightest effect from this, because bitcoin, ethereum, and all cryptocurrencies, do not require government regulation to make them develop further. moreover, the presence of ethereum etfs on the market will only benefit the etf providers and the government, since they will gain profits from trading etf products by linking them to the price of ethereum. what does ethereum get? at most these providers will only buy hundreds of thousands of dollars worth of ethereum from the market to back their etf products, with their trades reaching millions or even tens of millions of dollars, it will not only have a small impact on the ethereum market. so let's think smartly, the launch of this etf will only benefit them, not the crypto market, especially ethereum.
