Ethereum ETFs Are on The Way

[] 7 months after the SEC approved Bitcoin ETFs, we are now seeing the approval of the first Ethereum ETFs. [] [] [] Ethereum ETFs Are on The Way Just seven months after the Securities and Exchange Commission (SEC) approved Bitcoin ETFs, we are now seeing the approval of the first Ethereum ETFs. Ethereum is the second largest cryptocurrency by market cap, second only to Bitcoin. But what makes Ethereum special is its “scalability”. Ethereum is a blockchain and cryptocurrency which many other cryptos are built on top of. What that means is that other cryptocurrencies are built and run on the Ethereum network and they use its resources to function. This is what distinguishes Ethereum from Bitcoin, Bitcoin doesn’t have a scalable framework with thousands of other projects built on top of it. That’s been a huge driver for Ethereum’s popularity since around 2017, when I first invested in it! After three years of filings, the VanEck Ethereum ETF has received SEC approval, offering investors a regulated way to gain exposure to Ethereum in the US. Following yesterday’s news, Grayscale transferred over $1 billion worth of ETH to Coinbase in preparation for the launch of its ETFs, moving 292,263 ETH into Coinbase’s accounts. And, in other action on the approval, digital asset manager Grayscale confirmed that its two spot Ether ETFs officially began trading on July 23 on the NYSE Arca. They are trading under the tickers ETH and ETHE. The SEC’s decision to sign off on the final approval for Ethereum ETFs have prompted several other issuers to launch their own Ethereum ETFs. Many of which hit the markets this morning. ETFs from BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, and Invesco Galaxy were also approved to begin trading today. [] Where does this leave us? Bitcoin surged for much of this year and has stayed up in the mid $60,000 range for the past several months following its ETF approval. We could see a similar trend happen with Ethereum. You see, Ethereum is already trading up 45% this year and about 73% of the way up to its all-time highs. Bitcoin, at the time of the legalization of its ETFs, was trading at right around 72% of its all-time high. As we know, Bitcoin exploded shortly afterward and reached new all-time highs in March around $73k. So far, Ethereum has been trading in ETF form for less than 8 hours and there’s not much to report… And it’s worth nothing that Bitcoin actually had a pretty hard selloff its first week after the ETF launched before soaring nearly 100%. So if you’re looking for a play on ETHE, consider waiting for a little pullback and then a breakout. You might just find some history rhyming. In the meantime, I’m still holding a nice chunk of Ethereum and I’ve never played it short or medium term… But I’ll let you know if I do. For now, I’m focused on Jump Trades. [**The best deal on Jump Trades]( is expiring tonight so be sure to lock it in if you have not already! — Nate Tucci P.S. Some stocks on my Jump Trade watchlist if you missed today’s workshop: LLY, NVO, AMZN, and CCJ. [] Ethereum ETFs Are on The Way Just seven months after the Securities and Exchange Commission (SEC) approved Bitcoin ETFs, we are now seeing the approval of the first Ethereum ETFs. Ethereum is the second largest cryptocurrency by market cap, second only to Bitcoin. But what makes Ethereum special is its “scalability”. Ethereum is a blockchain and cryptocurrency which many other cryptos are built on top of. What that means is that other cryptocurrencies are built and run on the Ethereum network and they use its resources to function. This is what distinguishes Ethereum from Bitcoin, Bitcoin doesn’t have a scalable framework with thousands of other projects built on top of it. That’s been a huge driver for Ethereum’s popularity since around 2017, when I first invested in it! After three years of filings, the VanEck Ethereum ETF has received SEC approval, offering investors a regulated way to gain exposure to Ethereum in the US. Following yesterday’s news, Grayscale transferred over $1 billion worth of ETH to Coinbase in preparation for the launch of its ETFs, moving 292,263 ETH into Coinbase’s accounts. And, in other action on the approval, digital asset manager Grayscale confirmed that its two spot Ether ETFs officially began trading on July 23 on the NYSE Arca. They are trading under the tickers ETH and ETHE. The SEC’s decision to sign off on the final approval for Ethereum ETFs have prompted several other issuers to launch their own Ethereum ETFs. Many of which hit the markets this morning. ETFs from BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, and Invesco Galaxy were also approved to begin trading today. [] Where does this leave us? Bitcoin surged for much of this year and has stayed up in the mid $60,000 range for the past several months following its ETF approval. We could see a similar trend happen with Ethereum. You see, Ethereum is already trading up 45% this year and about 73% of the way up to its all-time highs. Bitcoin, at the time of the legalization of its ETFs, was trading at right around 72% of its all-time high. As we know, Bitcoin exploded shortly afterward and reached new all-time highs in March around $73k. So far, Ethereum has been trading in ETF form for less than 8 hours and there’s not much to report… And it’s worth nothing that Bitcoin actually had a pretty hard selloff its first week after the ETF launched before soaring nearly 100%. So if you’re looking for a play on ETHE, consider waiting for a little pullback and then a breakout. You might just find some history rhyming. In the meantime, I’m still holding a nice chunk of Ethereum and I’ve never played it short or medium term… But I’ll let you know if I do. For now, I’m focused on Jump Trades. [**The best deal on Jump Trades]( is expiring tonight so be sure to lock it in if you have not already! — Nate Tucci P.S. Some stocks on my Jump Trade watchlist if you missed today’s workshop: LLY, NVO, AMZN, and CCJ. [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](