Row 85822

Row ID: 85822 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 85822 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

People are crying and screaming: Why is ETH not pumping now that the SEC has approved Ethereum ETFs?

They should know this: Before the news, ETH was at $370 billion in market capital, and immediately, within hours, it jumped to $460 billion in marketcap, which is an addition of $90 billion.

Solana's total market capital is around $75 billion. So, Ethereum added Solana's entire marketcap in just hours.

BNB's total marketcap is around $88 billion. Following the ETF news, Ethereum added BNB's entire market cap.

Now that the ETH has had its immediate rise from the $3K range to nearly $4K, it's time for other ERC tokens and L2 networks to add some big numbers to their respective marketcaps.

In addition to the price appreciation, this approval of the spot ETF signifies that the SEC has effectively declared it a commodity, thereby reducing Ethereum's regulatory burden. This is a huge win for ETH. Those who HOLD, STAKE and DCA for long-term gains will have their last laugh in the future.

​

https://preview.redd.it/asaa3xejrf2d1.jpg?width=1738&format=pjpg&auto=webp&s=63ac2916f83d7b2338ca0ed41f0ef4eaa7fa70f9

**Note:** By this time, I hope you are familiar with how ETFs work and how the process of approval, listing, and launch works. It will take some time, but until then, enjoy those big green FOMO candles and red PANIC candles. Good luck, leveraged traders. HODLers DGAF about these short-term spikes and dips.

FieldValue
text People are crying and screaming: Why is ETH not pumping now that the SEC has approved Ethereum ETFs? They should know this: Before the news, ETH was at $370 billion in market capital, and immediately, within hours, it jumped to $460 billion in marketcap, which is an addition of $90 billion. Solana's total market capital is around $75 billion. So, Ethereum added Solana's entire marketcap in just hours. BNB's total marketcap is around $88 billion. Following the ETF news, Ethereum added BNB's en…
label r/ethtrader
dataType post
communityName r/ethtrader
datetime 2024-05-24
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url_encoded Z0FBQUFBQm5Lak81WllrYlp4QTJxVl9SUWt3RFdYZklUejk4eklVc2E3STZMYWxuMDFxN3k1VWZjNTY5OWxZRDRnS2EyYVMzVVV2T1Y3b2wxT0hlTXV1dldFbUtTV0tiOFNPeWVOMzFod0V1bHVHMXNqV0h6WDVQaXJYNWhtUEh4ZDIyS1BRTmhSMkpIOUpPdm5XNzEyeUtCTl92aDBXWUhJdmNzVnNEYkZBM1ZVNGFESjdZVi00Z011REM0dU9BampyeGNxR2dDRWRCbG9XT0tOcmp5UzU4cGVJTDFNcE96Zz09

Raw Record

{
  "text": "People are crying and screaming: Why is ETH not pumping now that the SEC has approved Ethereum ETFs?\n\nThey should know this: Before the news, ETH was at $370 billion in market capital, and immediately, within hours, it jumped to $460 billion in marketcap, which is an addition of $90 billion.\n\nSolana's total market capital is around $75 billion. So, Ethereum added Solana's entire marketcap in just hours.\n\nBNB's total marketcap is around $88 billion. Following the ETF news, Ethereum added BNB's entire market cap.\n\nNow that the ETH has had its immediate rise from the $3K range to nearly $4K, it's time for other ERC tokens and L2 networks to add some big numbers to their respective marketcaps.\n\nIn addition to the price appreciation, this approval of the spot ETF signifies that the SEC has effectively declared it a commodity, thereby reducing Ethereum's regulatory burden. This is a huge win for ETH. Those who HOLD, STAKE and DCA for long-term gains will have their last laugh in the future.\n\n​\n\nhttps://preview.redd.it/asaa3xejrf2d1.jpg?width=1738&format=pjpg&auto=webp&s=63ac2916f83d7b2338ca0ed41f0ef4eaa7fa70f9\n\n**Note:** By this time, I hope you are familiar with how ETFs work and how the process of approval, listing, and launch works. It will take some time, but until then, enjoy those big green FOMO candles and red PANIC candles. Good luck, leveraged traders. HODLers DGAF about these short-term spikes and dips.",
  "label": "r/ethtrader",
  "dataType": "post",
  "communityName": "r/ethtrader",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1vMU4yX2I3bUZZaFoxeFdhZEt0OGJMcFBScDA1WTdtcU1KMkY1WmVaRnZBTll3VmdBem13dHM3ajdfT2JDY3pLOEdtXy05cWk3U3VIN0pPQmhBbF9hNUE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak81WllrYlp4QTJxVl9SUWt3RFdYZklUejk4eklVc2E3STZMYWxuMDFxN3k1VWZjNTY5OWxZRDRnS2EyYVMzVVV2T1Y3b2wxT0hlTXV1dldFbUtTV0tiOFNPeWVOMzFod0V1bHVHMXNqV0h6WDVQaXJYNWhtUEh4ZDIyS1BRTmhSMkpIOUpPdm5XNzEyeUtCTl92aDBXWUhJdmNzVnNEYkZBM1ZVNGFESjdZVi00Z011REM0dU9BampyeGNxR2dDRWRCbG9XT0tOcmp5UzU4cGVJTDFNcE96Zz09"
}
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