On May 24, Huobi HTX launched the Ethereum trading competition to celebrate the SEC's approval of eight Ethereum spot ETFs' 19b-4 filings. Users who participate in the Ethereum ecosystem currency spot leverage trading can share a 10,000 USDT prize pool. Huobi HTX has long been concerned about and supported the innovation and development of the Ethereum ecosystem, and hopes to contribute to the continued growth and expansion of the Ethereum ecosystem through the trading competition.
The announcement shows that the event will start at 20:00 (UTC+8) on May 24 and end at 20:00 (UTC+8) on May 31, involving 10 currencies: ETH, ONDO, PEPE, WOJACK, PEOPLE, TURBO, ENS, SSV, PENDLE, and BANANA.
Users who participate in 10-currency spot leverage trading will share a 10,000 USDT prize pool based on their spot leverage trading volume, with an individual receiving up to 2,000 USDT. During the event, if a participating user successfully visits the event page on any day, it will be considered as registration and the transaction volume during the event will be calculated. It is worth mentioning that users who participate in ETH/USDT, ONDO/USDT, PEPE/USDT, PEOPLE/USDT, and PENDLE/USDT leverage trading will be counted as 3 times the user's total transaction volume.
It is reported that in the early morning of May 24th, Beijing time, the U.S. Securities and Exchange Commission approved the 19b-4 forms of multiple Ethereum spot ETFs, including ETFs from BlackRock, Fidelity and Grayscale. In addition, there are 6 Ethereum spot ETFs awaiting approval.
Huobi HTX said that the approval of the Ethereum spot ETF is a new milestone in the cryptocurrency market more than four months after the listing of the Bitcoin spot ETF. This progress is expected to push the cryptocurrency market to a new high. Huobi HTX continues to deepen its attention and support for the Ethereum ecosystem and is committed to growing together with this innovative technology. At the same time, it will continue to be a firm supporter and active participant in the Ethereum ecosystem, and work with the global community to explore and realize the broad future of Web3.
