SoSo Value

Since the U.S. election, the Trump administration has shown a markedly different cryptocurrency-friendly stance compared to the previous administration.

If the approval of the Bitcoin ETF is the key to opening the door to a new world of integration between cryptocurrency and traditional finance, then the approval of the Ethereum ETF is the first step through that door.

Historically, the market's sentiment digestion of the selling pressure from a certain non-repetitive special event generally does not exceed two months. This round of Bitcoin's decline started on June 7 and may gradually be digested after August 7. The largest single-day drop in the past two days could be the lowest point of this round of decline.

From a more macro and long-term perspective, Hong Kong's approval of Bitcoin and Ethereum spot ETFs is an important development in the global crypto market. This policy will have a long-term impact on the financial landscape of the Chinese community and is also a significant step towards the further legalization of cryptocurrencies in the global financial system.

Recently, whether the Bitcoin ETF can be approved and whether it can be approved on time has captured the attention of everyone in the crypto market. But what does the approval of the ETF actually mean, and what impact does it have on crypto investors and traditional investors respectively? How can ordinary users participate in the ETF? If we want to track the progress of the ETF, what information should we pay attention to? Soso Value addresses these questions with three questions and three answers, guiding everyone to explore the "true nature" of the ETF.

As a one-stop financial research platform for cryptocurrency investors, SoSo Value is the most efficient free investment tool for cryptocurrencies. We conduct in-depth research on comprehensive reports from crypto institutions, revealing the story of 2024—how will the visions of Bitcoin AI, DePin, RWA, SociaFi, Desci, GameFi, and Regulation unfold?