Get Ahead of the Ethereum Price Explosion With the ETHETF Token Before BlackRock Ethereum ETF Launches – Price Pumps 400% in Early Action
A new cryptocurrency launched today called $ETHETF Token and it is the go-to digital asset to capitalize on approval of a spot Ethereum ETF from fund giant BlackRock.
Launched at 1pm GMT on Uniswap the price of the coin has rocketed 186% within the first 10 minutes of trading, currently priced at $0.02834. $ETHETF could easily 10x today as news of the launch spreads.
News that the world’s largest asset manager is planning to launch a spot Ethereum ETF, sent the price of ETH rocking through the important $2,000 level.
BlackRock’s move has added to the excitement surrounding the likely approval of the first spot Bitcoin ETF to be made available to investors in the US.
On November 9, 2023, the official filing for BlackRock’s Ethereum ETF was made with the US Securities and Exchange Commission (SEC) by Nasdaq. A few days before, BlockRock had registered a corporate entity in Delaware named iShares Ethereum Trust.
When the Delaware news broke, the price of ETH shot up 3% and then pumped again when the filing was confirmed. Ethereum is currently trading at $2,048, gaining 10% since the Delaware registration and the SEC filing took place.
Ethereum is the most-used blockchain for running applications based on smart contracts and as such is the base layer of Web3 decentralized applications. There are many other blockchain ecosystems vying to be Ethereum killers, but none comes close to Ethereum.
But you don’t have to wait for the approval by the US Securities and Exchange Commission (SEC) and their subsequent launch, because ETHETF is already trading on decentralized exchanges, enabling savvy investors to get exposure to the Ethereum ETF investment theme and capture the positive returns that have already started to flow.
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