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Crypto Twitter Reacts to Ethereum ETF Win

Must Read

After the U.S. Securities and Change Fee authorized eight spot Ethereum ETFs on Thursday, Crypto Twitter took one other 2024 victory lap after the primary Bitcoin ETFs had been authorized in January—and the U.S. Home of Representatives handed the Monetary Innovation and Expertise for the twenty first Century Act (FIT21), on Wednesday.

Lawmakers on each side of the aisle have urged the SEC to approve spot Ethereum ETFs, saying that the exchange-traded product ought to obtain the identical consideration as spot Bitcoin ETFs.

Crypto Twitter reacted swiftly to the information that the SEC authorized the Ethereum ETFs. Listed below are a number of the standout reactions that adopted the historic information.

“You fucking blew it, little man.” pic.twitter.com/471yM5twND

— Autism Capital 🧩 (@AutismCapital) Could 23, 2024

Omg we’re so again pic.twitter.com/8uHAMhNQ99

— gaut (@0xgaut) Could 23, 2024

research by no means giving up

— VanEck (@vaneck_us) Could 23, 2024

This week, at the present time, has been a rollercoaster in contrast to every other I’ve seen. ETH is successfully deemed a Commodity as we’ve at all times recognized it to be. I’m proud to be on crew @Coinbase, the trusted associate and custodian for most of the issuers who had 19b-4’s authorized tonight. pic.twitter.com/nz1HHFbBSQ

— paulgrewal.eth (@iampaulgrewal) Could 23, 2024

all that hubbub for eth to print a +1% each day candle

— foobar/ (@0xfoobar) Could 23, 2024

spot $eth etf’s authorized@garygensler, the best regulatory champion of cryptocurrency in american historyhttps://t.co/Qhrb53w4DK pic.twitter.com/GBEg0eBqZh

— Mike Dudas (@mdudas) Could 23, 2024

everybody pic.twitter.com/zn5y4CIcvJ

— Hsaka (@HsakaTrades) Could 23, 2024

BREAKING: Saylor’s coronary heart
pic.twitter.com/WZHyK7tYrn

— Eric Wall | BIP-420😺 (@ercwl) Could 23, 2024

SOL subsequent

— Phantom (@phantom) Could 23, 2024

No coin maxi: “There’ll by no means be a BTC spot ETF.”

Bitcoin maxi: “There’ll by no means be an ETH spot ETF.”

Ethereum maxi: “There’ll by no means be a SOL spot ETF.” pic.twitter.com/i0fOVx3HSl

— Aylo (@alpha_pls) Could 23, 2024

Whereas nearly all of the crypto devoted celebrated, some took a extra cautious tone.

alpha on why ETH is not mooning:
–>solely 19-4s authorized, not S-1s
–>approval was by division of buying and selling/markets on ‘delegated authority’
–>means a commissioner can problem in subsequent 10 days (additionally means they’re attempting to cover the vote b/c it is political)

what’s actually happening…

— _gabrielShapir0 (@lex_node) Could 23, 2024

It was at all times 50/50 for approval for the #Ethereum Spot ETFs. The SEC actually painted themselves in a nook and had no selection however to let it by means of. It is essential to grasp that this doesn’t change the bearish outlook for Ethereum in any respect. https://t.co/pS08fwRWe8

— Samson Mow (@Excellion) Could 23, 2024

And final however not least, the man within the MOG shades who requested former President Trump about maintaining crypto in the USA earlier this month—a transfer that some business observers, not less than, assume may have swayed political momentum round crypto.

you’re welcome

— Malcolm (33.3%) (@macdegods) Could 23, 2024

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