The Ethereum ETF is Coming
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The Ethereum ETF is Coming
In my ten years of investing in crypto, we have one of the most interesting opportunities I’ve seen: this is a unique historical moment for buying and holding Ethereum (ETH).
The reason is that Ethereum ETFs have been approved but are not yet available to the public.
This week, SEC Chair Gary Gensler acknowledged in a formal Senate hearing that Ethereum ETFs have been approved and are just waiting for the final paperwork. This means they should be available sometime this summer.
This is like a hotly-anticipated IPO, where excitement is building because everybody knows it’s coming.
But here’s the difference: anyone can easily buy and sell Ethereum right now before ETH ETFs are open to the masses.
This is 100% legal and ethical. It’s another unusual investment opportunity found only in crypto.
Today, I’ll unpack this opportunity and show you how to use it (TLDR: the strategy is to buy and hold ETH now).
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New Investor Scorecard: Fantom (FTM)
Fantom is a Layer-1 smart contract platform designed for fast and cheap transactions. Like much of the crypto market, Fantom and its native governance token (FTM) have been under pressure since mid-March,?taking it more than 40% below its March high.
However, the token still has a 150% gain over the past year.
With that kind of price rollercoaster, a simple question remains:?Is FTM a good investment?
Premium members can?download our new Fantom Investor Scorecard here?to learn what our analysts say about FTM, its fundamentals, and investing in the token.
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SEC Chairman Gary Gensler announced that several spot Ethereum ETF applications are likely to be approved this summer, enabling the products to launch in the U.S. soon. Gensler highlighted that Ethereum futures ETFs have existed since last summer, and expects the new products to attract up to $4 billion in their first five months. As we wrote in today's column, it's a good time to be an ETH investor.
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Blockchain gaming has been recovering some of the enthusiasm seen for the sector back in 2021, and one of the primary beneficiaries has been Ronin. This EVM-compatible blockchain was created specifically for gaming.
After seeing its Daily Active Users crash to 20,000 from late 2022 through late 2023, Ronin has increased to 1.5 million DAU as of this writing. Of course, that has also increased fees and revenues for the chain, leading to a 200% increase in the price of the native RON token over the past year.
With the global gaming market comprised of hundreds of millions of users that generated roughly $347 billion in revenue in 2022, it's fair to say that there is plenty of upside potential for Ronin.
Ronin is also at the forefront of blockchain gaming. Its parent company, Sky Mavis, launched the sector with Axie Infinity, and while that title has waned in popularity, it has been followed by another hit blockchain game: Pixels.
As Ronin continues to dominate, it could become the top blockchain in a multi-billion dollar blockchain gaming industry.
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(Thanks to Coinmonks)