If the Ethereum spot ETF is approved next week, which ETH ecological coins are worth ambushing in advance?

This site (120btC.coM): After the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 exchange rule change documents for 8 Ethereum spot ETFs in May, major issuers have also successively submitted S-1 registrations. Once the SEC approves the updated version of the application documents, the Ethereum spot ETF will be open for listing and trading.

Regarding the latest progress, Nate Geraci, President of The ETF Store, said today (8th) that the revised S-1 application submission deadline was on the 8th. It is still unclear how quickly the SEC will process it, but he is optimistic about the Ethereum spot ETF It is expected to be launched next week or two weeks.

Bloomberg analyst James Seyffart also previously predicted that the Ethereum spot ETF may be listed later this week, or the week of July 15.

Gemini estimates in the latest research report that once the United States approves the Ethereum spot ETF, the net inflow in the first 6 months may be as high as US$5 billion. The current ETH/BTC ratio is close to multi-year lows, and strong capital inflows may trigger compensatory increases. , if the ETH/BTC ratio returns to the midpoint of the past three years, ETH may rise by nearly 20%, and if it reaches the maximum value of 0.087, it is expected to rise by 55%.

Which Ethereum ecosystem is worth paying attention to?

After the successful passage of the Ethereum spot ETF, if funds continue to flow in, the Ethereum ecological projects will benefit. Therefore, you can focus on the largest areas and projects in the Ethereum ecosystem. The following will be an inventory for readers.

Layer2

Layer2 aims to bear the prosperity of ETH ecology with high TPS and low GAS. Its importance is self-evident. The main projects include MATIC, MNT, ARB, STX, IMX, OP, STRK, ZK, AEVO, MANTA , BLAST... etc. Coingecko data shows that the decline of Layer2 ecological tokens in the last 30 days ranged from 25% to 50%.

DeFi Token Performance. Picture source: CoinGecko

Stablecoin protocol based on ETH mortgage

There are many ways to issue stablecoins, one of which is the issuance of mortgage assets. The maximum mortgage assets include ETH. After LSD and re-pledge, the project party will mortgage To obtain liquidity income from ETH, stablecoins have natural yields. The main projects include ENA, LBR... etc. However, ENA has fallen by as much as 60% in the past 30 days.

ENA Token Performance. Image source: CoinGecko

Re-staking

Re-staking refers to staking assets again after the initial pledge. Re-staking has developed into one of the mainstream DeFi applications on Ethereum. The main projects include REZ, ETHFI, ALT, BB ...etc. Coingecko data shows that DeFi ecological tokens have performed miserably in the past 30 days, with declines ranging from 40% to 60%.

Re-staking token performance. Image source: CoinGecko

The passage of the Ethereum ETF may bring huge development opportunities to the Ethereum ecosystem. The above-mentioned projects are only part of it. There are many other potential projects worthy of attention. Please stay tuned for market dynamics and Make investment decisions based on your own risk tolerance.

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