Recently, Ethereum spot ETF has made key progress and attracted widespread attention in the cryptocurrency market. Following the Bitcoin spot ETF, Ethereum became the second cryptocurrency to pass the 19b-4 procedure. Although this does not mean that the ETH spot ETF has been fully approved, in theory it is only a matter of time before the final approval. Next, we will wait and see the approval of S-1/S-3, which may mark another important milestone in the crypto market.
Ethereum spot ETF's major breakthrough, seize the historic buying moment
With the Ethereum spot ETF passing the key 19b-4 procedure, this progress marks a further increase in the recognition of Ethereum in the mainstream financial market. Although it still needs to wait for the approval of S-1/S-3, this process has already made the market full of expectations.
Looking back at the approval process of Bitcoin spot ETF, we can see that its price has experienced a period of decline and then ushered in a rapid rise. Therefore, many investors predict that it may be a great time to build a position before the ETH spot ETF is officially approved. The market usually fluctuates before and after the announcement of major positive news, so smart investors can take advantage of this opportunity to buy at a low level and wait for the subsequent price increase.
Huobi HTX launches ETH trading competition to win extra rewards
To celebrate the key progress of the Ethereum spot ETF, Huobi HTX platform specially launched the ETH sector trading competition.
According to the official announcement of Huobi HTX, Huobi HTX will launch the ETH trading competition from 20:00 on May 24 to 20:00 on May 31 (UTC+8). During the event, users who participate in ETH, ONDO, PEPE, WOJACK, PEOPLE, TURBO, ENS, SSV, PENDLE, BANANA spot leverage trading on Huobi HTX will share 10,000 USDT according to the ranking of spot leverage trading volume.
During the event, if users participate in ETH/USDT, ONDO/USDT, PEPE/USDT, PEOPLE/USDT, PENDLE/USDT leveraged transactions, the amount of such leveraged transactions will be included in the user's total transaction amount at 3 times.
During the event, if a participating user successfully visits the event page on any day, it will be considered as registration and the transaction amount during the event will be calculated. Users who do not visit the event page will not be able to obtain any rewards.
Come to Huobi HTX to participate in Restaking, multiple benefits "one-click"
In addition to the ETH trading competition, the popular ETH Restaking activity on the Huobi HTX platform is also worth paying attention to. By participating in the "one-click new issuance" of Huobi HTX Restaking, users can not only obtain ETH growth income and additional trading income, but also enjoy the re staking rewards provided by the Huobi HTX platform.
One-click ETH re-staking, participate and receive:
● EigenLayer: EIGEN rewards, over 3 million ETH participation, airdrop soon;
● Puffer Finance: PUFF rewards, airdrops coming soon;
● Lido: stETH annualized return exceeds 3%;
● You can subsequently receive airdrops from star projects such as EtherFi, Swell, Renzo, KelpDao, etc. by staking.
Currently, Huobi HTX Restaking has added ETHFI and other project rewards. ETH participants can share 50,000 r-ETHFI every day, and every 100 r-ETHFI points can be exchanged for 1 ETHFI token. In addition, participants of BTC, USDT, TRX, and HTX can directly enjoy on-chain currency-based rewards.
Huobi HTX's Restaking activity is non-staking and non-locking, highly flexible and safer, and users can participate at any time and directly enjoy the on-chain airdrop. Huobi HTX will continue to increase the airdrop share and add new star project airdrops based on the number of Restaking participants, helping Huobi HTX users catch up with the on-chain new issuance income. The participation path is Huobi HTX APP → Earn Coins → Restaking .
As the Ethereum spot ETF has made key progress, the market is full of expectations and opportunities. For investors, this may be a historic buying moment. Huobi HTX platform's ETH trading competition and Restaking activities provide users with a variety of ways to participate and generous rewards, helping investors better grasp market opportunities and realize wealth appreciation. Let us look forward to the final approval of the Ethereum spot ETF and welcome a new chapter in the crypto market together.
