My Musings on the Ethereum ETF: A New Era in Web3
SEC approved Ethereum ETF. You would have heard the news already.
I woke up at 3 am to celebrate this in Foundership's official handle https://x.com/foundershiphq/status/1793770221133799771?s=46&t=yiisdMAqIP5dhbt4hMSuKQ
Isn't it wild to wake up at 3 am to celebrate ETH ETF?
It is madness indeed! 😄
I first came across Ethereum in 2016 while running Explara, and we powered the Blockchain India Summit.
As an Event technology and management platform provider, I was privy to learning new things happening in the Startup ecosystem, both in India and globally.
I started reading about Bitcoin and Blockchain in 2017.
As someone who started a software career in pre-dotcom, I could see the technology side of Blockchain and Crypto!The funny thing is that my Explara team members were quite surprised by my enthusiasm for crypto and ICOs.
Many shit projects and coins.
99% of them are gone.
But I believe Ethereum is here to stay.
Happy about my outlook and prediction. 🙌
History has been created!!
You may ask, what is the big deal about an ETF launch?
For a decade, Ethereum received backing from builders, traders and the overall community, but to become the "Internet of Value, Ethereum needs mainstream users to participate.
Ethereum ETF makes:
New market participants to enter by removing safety concerns around cryptocurrency
2. Institutional investors to invest (btw, Spot BTC ETFs have gathered $13+ billion in net inflows since debuting in January)
3. Establishes the credibility of Ethereum for new financial product innovations and products across sectors.
4. Institutional investors' participation will influence family offices and VC funds to re-enter Web3.
5. It paved the way for Web3 Crypto to get regulatory consideration across countries.
Welcome to build impactful Web3 startups.
Building a Web3 Startup? Foundership Accelerator VC can speed up your journey with funding and coaches in the 0xCamp 6 program
0xCamp 6 program:
✅0-90 Days to shape your right direction.
✅Launch Token in 0-90 or any time after 90- days.
✅$100k funding
Apply Today 👇
https://foundershiphq.com/xdc-0xcamp
Thanks for sharing time to read.