Will the Ethereum ETF be approved this year? What is AR's delivery strategy?

Source: Daoshuo Blockchain

1. Who is the leader of Bitcoin's second layer?

I think there is no leader in Bitcoin's second layer for the time being. Many projects have not yet issued coins. Some of the projects that have issued coins are relatively old projects. I think these old projects that have issued coins are obviously inferior to new projects in terms of technology and TVL accumulation. Therefore, the future leader is likely to be a new project that has not yet issued coins. As for which one it is, let's wait for market competition to give the answer.

2. Can Ethereum ETF be passed this year?

I think it is more difficult to judge this than to judge whether the Federal Reserve will cut interest rates, because it has no clear and open policies and standards, so the US regulatory authorities have a lot of room for operation.

Since there is a lot of room for operation, it is inevitable that it involves the game and compromise of many interests. The biggest game force here is probably the consortium and regulatory authorities on Wall Street.

In the long run, I believe that this ETF will definitely pass, because the consortium has seen and reaped huge dividends from the Bitcoin ETF, and it is impossible to leave the second largest asset Ethereum alone.

More importantly, in the existing crypto ecosystem, Ethereum has complete facilities that allow developers to develop various financial tools and applications, and there is a lot of room for imagination.

For example, BlackRock's various public actions and calls on Ethereum ETFs are the most obvious signs.

However, as a regulator, there are many issues to consider, such as: from a normal logic, if the Ethereum ETF is approved, there is no reason to block the other series of POS blockchain ETFs; but now that the Bitcoin ETF has just been approved for a short time, so many ETFs have been approved one after another, and the supervision will be questioned again...

Sometimes I wonder if Hong Kong can move faster and take bigger steps in this regard?

In a series of Web 3 events held in Hong Kong recently, Wood Sister publicly expressed her praise for Hong Kong's supervision in the crypto ecosystem. I agree with her evaluation. If Hong Kong can take the lead in Ethereum ETFs, it will play a very good role in promoting it and find new impetus and vitality for Hong Kong's economy.

Speaking of Hong Kong, I recently saw a very interesting news: some domestic fund companies, including large funds such as Harvest and Huaxia, are preparing to open Bitcoin ETFs in Hong Kong. These actions are obviously aimed at some high-net-worth Chinese groups.

These actions are objectively accumulating water for the next bull market.

3. AR's shipping strategy?

AR, like all the coins I am optimistic about, will not be shipped now. As long as there is no problem with the project, I will only consider shipping when the next bull market is approaching its climax.

4. After the Bitcoin ETF is passed, those who purchased through the ETF will choose to sell when the profit is huge, and the institutions will sell accordingly. Is it possible that these people will also sell ETFs crazily in the future, which will also lead to the crazy selling of Bitcoin?

I have also noticed this problem and have been observing it.

A phenomenon worthy of attention is that in the recent round of adjustments, Bitcoin fell from a high of about $74,000 to a low of $61,000. During this process, ETFs have been flowing out. This process is very similar to the behavior of retail investors before the ETF was passed.

Now is not a bull market, and there is also the support of ETFs. Under such circumstances, Bitcoin can still fall by nearly 20%. This shows that at least in the next bull market, it is entirely possible for Bitcoin to fall by 20% or more.

The reason why I am also paying attention to this issue is that this feature is very important for formulating a selling strategy in a bull market.

I wrote in an article before that I have been considering whether I need to adjust my previous selling strategy in the next bull market. And this requires observing the new features and new rules that may appear in the market after a series of ETFs are passed.

The possible decline of Bitcoin is one of the very important indicators.