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Wealth Accumulation Strategies ✌️【Long-term Investment】✌️Invest ₹500 to unlock consistent monthly returns. Start now for big rewards!“There’s a noticeable trend towards frontrunning the ether ETF,” Alex Onufriychuk, the CEO of Kaminari, said in a Telegram message.Lido’s LDO and RocketPool’s RPL gained as much as 17% before retreating.
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Wealth Accumulation Strategies ✌️【Long-term Investment】✌️Smart investments start with ₹500. Grow your wealth with minimal risk!These networks are built atop Ethereum but operate as independent blockchains, allowing users to transact cheaply and much faster than the main blockchain.However, market observers cautioned that an ether ETF remained a probability rather than a possibility as of Wednesday."The main idea is that ETH, being the second largest cryptocurrency, would have the highest probability of being the next ETF after BTC,” Martin Lee, analyst at on-chain data firm Nansen, told CoinDesk in a Telegram message.But some stated that select tokens could gain in the coming days.
"Tokens in the ETH ecosystem like LIDO, ENS, and MKR experienced sharp up moves which should continue to take the attention away from BTC as traders now must position for the possibility of an ETH ETF," said Jack Tan co-founder of crypto exchange WOO X, in a Telegram message.Thirteen issuers, including traditional finance giants BlackRock and Fidelity, are currently in line for a spot bitcoin ETF whose approval is widely anticipated later on Wednesday.Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
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