Ethereum ETF is the topic of the town these days as it looks like SEC will approve Spot ETH ETF anytime from now. Blackrock has updated its application for Ethereum ETFs. If you look into the Blackrock history of dealings , you would come to know that Blackrock has a 99% success rate when filing for something. This gives us hope that ETH ETF is almost approved .
Ethereum ecosystem tokens are getting heat after the hope of ETH ETF approvals. ENS which is an er20 token , its price increased well after the news of ETH ETF getting approved soon. The SEC will decide tomorrow about their direction in this matter. 99% chances are that it will approve ETH ETF.
Ethereum price has already increased even before the ETF approval, it is now trading above $3700. Experts say that it will pump go $6600 after ETF gets approved which can be true as everything is possible in crypto.
If SEC approves Ethereum ETF then it will be a big achievement as this will pave the way for every other cryptocurrency . If SEC deny Ethereum ETF rhen it will be very sad but that have very low chances as we have big companies in the field like BlackRock and GrayScale.
Ethereum ETF would be a positive element for the whole cryptocurrency means that its approval will push up the prices especially ERC20 tokens. Hopefully we will see a positive change in the whole market.
On the other hand , ZKsync team is planning for the token generation event this week. According to "The Block" zksync will launch its token this week and will airdrop on 13 june. Total supply of $ZK will be 21 billion.
Zksync airdrop is the long awaited airdrop , it is trending on X as everyone seems to be talking about it. It is the most hyped project as over 6m wallets are farming it. I think there will be only 1 million wallets eligible for the airdrop.
The airdrop is confirmed in the month of june itself from the zksync official X account. However they did not confirm date but we have the data leaked available through "The Block", according to which 13 june is the day if airdrop distribution.
Well, there is no hurry as we have come a long way. The thing which matters is that we know the month for the airdrop is june which is enough and satisfying. Hopefully the team will standby their words.
I have been farming the zksync airdrop since more than 1 year , during this time have spent a few dollars as transaction fees. Also my first wallet was hacked on zksync which lost me $200. I hope big from zksync as its been long i am waiting for the airdrop. Now the time is near.
If ETH ETF gets approved and Zksync give a nice airdrop then it will be a big achievement.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
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@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.