dForce founder Yang Mingdao: Ethereum ETF will bring epic victory to cryptocurrency

A Bloomberg ETF analyst flipped the opinion that "the probability of ETH spot ETF passing is zero" and believed that the winning rate of passing on 5/23 increased to 75%, causing Ethereum to surge in a single day. More than 20%.

All parties also continued to report good news about the adoption of ETF on the same day:

• Three people familiar with the matter told Reuters that the SEC asked Nasdaq on Monday The Cboe and Chicago Board Options Exchange (CBOE) are fine-tuning their application to list an Ethereum spot ETF, a sign that the agency may be preparing to approve the ETFs.

• Fidelity submitted an application to modify and delete the ETH pledge business, which is considered to facilitate communication and facilitate the review.

The ETH ETF will bring an epic victory to the cryptocurrency

dForce founder Yang Mingdao commented that the ETH spot ETF will bring an epic victory to the cryptocurrency A win because it clarifies the following things:

• ETH represents the overall cryptocurrency and is a Web3 indicator

• Ethereum too The largest PoS network, more than 95% of the projects are now PoS

• Ethereum is also the largest project to conduct ICO fundraising

• Ethereum is the largest decentralized project, but there are visible operators

It is more described that ETH ETF is the Web3 IPO moment, it is the encrypted QQQ( Nasdaq 100 Index ETF), showing behind every web3 narrative, L1/L2, DeFi, Infra (infrastructure), GameFi, social, etc.

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