US just approved Ethereum ETF

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Ethereum ETFs is HERE

Great news for the crypto community! U.S. regulators approved all Ethereum (ETH) ETF applications on Thursday. This marks a significant shift in their stance following the recent landmark bill providing a regulatory framework for cryptocurrencies.

Nine issuers received approval, including major names like VanEck, ARK Investments/21Shares, and BlackRock. This announcement comes just four months after the approval of the Bitcoin ETF in January 2024.

What Does This Mean for ETH Prices?

While the ETH price has seen a modest 2% increase since the news broke, historical trends suggest that we might be on the brink of more substantial gains. Following the approval of the Bitcoin ETF, Bitcoin prices surged over 45%, with more than $30 billion flowing into Bitcoin ETFs.

Will Ethereum follow the same path? Only time will tell.

When Can You Buy an ETH ETF?

Although the approval is a major milestone, issuers still need to get their ETF registration statements, including investor disclosures, approved by the SEC before trading can begin. This process could take another week or two, so keep an eye on your brokerages.

Stay tuned for more updates!

👨‍👩‍👧‍👦 Did You Miss the Estate Planning Masterclass by CK?

For those who couldn't attend, here's a recap of the key points:

1️⃣ Get the Essentials in Place: Start with your Will, Lasting Power of Attorney (LPA), and a Standby Trust.

2️⃣ Restructure Your Assets: Ensure your assets are transferred efficiently and equitably to the next generation.

3️⃣ Maximize Your Estate Value: Use various estate planning products to potentially increase your asset value by 3-5x upon transfer.

CK has only covered the first three steps of Estate Planning! There are four more steps to go, and I'll be inviting him back to share more in the future. 😃 (P.S. Your estate includes your cryptocurrencies too!)

For those who want to get their estate plan in shape, CK is offering 15 complimentary sessions to our community members for an initial assessment of your estate planning. If you want a professional estate planner to help you, apply here.

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May Your Profits Grow!

Pete
Invest with Pete

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.