Let’s talk about the news first today. BTC spot Bitcoin ETF had a net inflow of 19 million US dollars yesterday, and it has had a net inflow for 9 consecutive days. The market sentiment has improved significantly. The ETH ETF issue has basically been settled. Although it is only the approval of 19b-4, there is no clear statement on S-1/S-3S. This means that the ETH spot ETF cannot be listed yet, because S-1/S-3 is still needed, and it is expected to wait for 1-2 months. However, if 19b-4 has passed, it means that the ETH spot ETF has definitely passed, and listing is only a matter of time!

After ETH, which is most likely to become the third ETF concept coin?

1. Meme is not possible because the ETF is supported by a consortium.

2. Currently, only tokens that are considered non-securities by the SEC are possible. Currently, non-securities are:

BTC, ETH, BCH, LTC and DOT.

3. Non-securities may not necessarily be eligible for application, as sufficient consensus is required, which is related to the first point.

4. It is impossible for a token to be sued by the SEC or be on the prosecution list. ps: ETH has not been sued and is not on the prosecution list. ps2: There are currently 11 tokens on the SEC prosecution list, of which SOL and CHZ are the most likely.

5. POS is not the reason for restricting the application of spot ETF.

Many friends mentioned Doge, but in fact, the possibility of Doge passing is much lower than SOL. The market operation is tailor-made for Doge. At present, there will be no third Token passed except BTC and ETH. But in the long run, from the consensus level, SOL has a chance, but the prerequisite is to get rid of the entanglement of the SEC, which is very, very, very difficult.

Even if Gary steps down, the lawsuit between the SEC and Coinbase will continue, and the two projects that the SEC focuses on are SOL and CHZ. Although no lawsuit has been filed yet, it has been made very clear in Coinbase's court documents and used as a typical example. According to the SEC's style, it must have already obtained a large amount of evidence.

What is more critical is that Ripple and some media are actually misleading the public. It is necessary to clearly know that Ripple did not win the lawsuit from the SEC. Ripple still lost the case and had to pay a sky-high fine. Now Ripple is preparing to appeal, the lawsuit is not over yet, and the SEC will definitely appeal Judge Torres's "exchange sales are not securities."

If SOL can win the lawsuit from the SEC and prove that it is not a security, then there is indeed a great chance that SOL can pass the spot ETF, but this path is not feasible without annual calculations, so SOL is unlikely to become the third spot ETF to pass. Although #BCH and #LTC meet the non-securities requirement, there is not enough consensus.

Also, don’t even think about Meme and platform coins. There is no chance of that happening.

Some friends also said that Link is also unlikely. It’s not that it is not a security if it has not been named by the SEC, but the SEC may not have paid attention to it. For the SEC, the most important thing is the certainty of the winning rate and the ability to serve as a deterrent. So after the SEC has tackled Ripple, the next target is Solana. Ripple was much more powerful than Solana at the beginning, but it was defeated.

Back to the market, around 4 o'clock, the price of ETH was directly between 3400 and 3900, and the long and short contracts with high multiples were all ruined! Therefore, if you can't control your greed, you can't survive in the contract market.

After the dust settles on ETH, the situation is clearer, and the altcoin market will also start to explode in some areas. Yesterday, Altcoin obviously fluctuated slightly with Ethereum, and the pins were not very strong. Now the market is basically robbed of traffic and funds by Dragon One, Dragon Two and meme coins, mainly pepe and people! People from both parties in the United States support cryptocurrency and embrace memes, which is undoubtedly a big benefit for people, because his concept is the most consistent and he is not in a hurry to get off the train.

Other copycat dog farms are making every effort to make something happen, otherwise all the traffic will be sucked away by the meme. So the spring of copycats will come soon, so be patient!

The approval means that the saying that Ethereum is a security has become a thing of the past. In addition, its status has been further consolidated. As a retail investor, if there are institutional brands that will take over our positions after a certain period of time, do you think Ethereum will fall back a lot? I personally think that after digesting the recent gains within a certain space, it will continue to rise, waiting for the relevant transactions of Ethereum ETF to be launched. When institutions start to pull the market without looking at the price, it will be the time for the counterfeit demons to dance wildly!

In the following market, if there is a pullback, it is an excellent opportunity to get on board. In fact, I believe that many people will slowly come to their senses and then start to enter the market. The market is a relationship of supply and demand. Many people did not believe that the Ethereum ETF would be approved before, and they may have gotten off the train very early. When they see the real approval news, they will definitely find an opportunity to buy it back. In addition, the institutional brands I mentioned above will take over, so I personally think that the corresponding downward space for Ethereum is very limited! Therefore, although it is a positive landing of short-term speculation, this time is different from the last time the news of the BTC ETF was released. After all, the last time the news of the BTC ETF was released, its trading was opened!

In general, just intervene boldly, and secondly, pay attention to the flow of funds, seize the sector rotation, and improve the utilization rate of funds. After the news of BTC ETF was released, BTC rose from 40,000 to 7.4. The expected high point of Ethereum will be at least above 5,000!

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