A company called BlackRock wrote an article about how there is a high chance that the US government will allow people to invest in something called Ethereum Spot ETF, which is a way of owning and trading digital money. This would make many people excited and want to buy it, but some people think that once the news comes out, the price might go down because everyone already knows about it and the excitement is gone. Read from source...
- The title is misleading and sensationalist, implying that the Ethereum spot ETF approval will cause a significant drop in its price, which may not necessarily be true.
- The article uses vague terms like "a formality" and "typically", without providing any concrete evidence or data to support these claims.
- The reference to Gary Gensler's X post is irrelevant and does not add any value to the analysis. It seems to be included only as a way to create fear among investors.
- The mention of Grayscale Ethereum Trust's discount narrowing is used as a proxy for predicting the ETF approval probability, which is questionable at best. There may be other factors affecting the discount that have nothing to do with the ETF approval.
- The article ends with a speculation of the approval becoming a "sell the news" event, without providing any reasoning or historical examples to back up this claim. It relies on fear and uncertainty to create doubt among readers.