Can Ethereum ETF pass? How to deal with uncertainty with 3EX AI trading

The approval of an Ethereum spot exchange-traded fund (ETF) has been in the spotlight since the approval of a Bitcoin spot ETF sparked a bull run. Recently, the U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on the Ethereum spot ETF applied by BlackRock and Fidelity, triggering widespread market discussion and speculation about its final approval. As the decision date approaches, analysis and predictions fill news headlines and social media. The 3EX AI trading platform demonstrates how to use advanced artificial intelligence technology to find opportunities for users in this uncertainty.

U.S. SEC postpones resolution affecting Ethereum spot ETF

In early March, the U.S. Securities and Exchange Commission (SEC) has decided to postpone its decision on BlackRock and Fidelity’s application for an Ethereum spot exchange-traded fund (ETF), pushing the date for a final decision to May 23. This move is reminiscent of the twists and turns in the Bitcoin spot ETF approval process. At the same time, Ethereum's price performance has not been as strong as Bitcoin, reflecting the market's hesitance to this potentially good news.

In comparison, after many asset management companies applied for spot ETFs, the market reacted early to Bitcoin, causing its price to rise from 25,000 USDT to 70,000 USDT. , showing that spot ETFs have a significant role in promoting asset prices. Moreover, the Bitcoin holdings of traditional asset management giant BlackRock quickly surpassed MicroStrategy after the approval of spot ETFs, proving that the increase in holdings by large asset management companies can significantly drive token demand and price increases.

The prospect of Ethereum spot ETF approval

Although As the approval date for the Ethereum spot ETF approaches, the market is not optimistic about whether the craze for the Bitcoin spot ETF will be revived. SEC Chairman Gary Gensler seems to think that approving a BTC spot ETF is enough to appease the entire industry. In addition, anti-cryptocurrency politicians have expressed dissatisfaction with the approval of the BTC ETF and are opposed to the Ethereum spot ETF. And unlike the case with Bitcoin ETFs, the correlation between Ethereum spot and futures is weak.

Whether Ethereum is recognized as a "security" is a key determinant of its spot ETF approval. SEC officials have said that whether digital assets are securities needs to be judged based on how they operate and the degree of return investors expect. After Ethereum switches from PoW to PoS, its nature may be closer to securities defined by the SEC, but SEC Chairman Gary Gensler’s latest stance on Ethereum is unclear.

Although the market has different views on the future of the Ethereum ETF, this process also highlights the uncertainty and volatility in the crypto asset field. Although this uncertainty and volatility may be a challenge for traditional traders, it is a mine of huge opportunities for investors who know how to take advantage of advanced technology.

3EX AI trading: intelligent response to market fluctuations

In Under such a market environment, the 3EX AI trading platform provides investors with a brand new trading method with its innovative solutions. By utilizing artificial intelligence technology based on ChatGPT, 3EX can not only help users easily create and execute quantitative trading strategies, but also adjust strategies in real time to adapt to rapid changes in the market.

• Automated strategy creation: One of the core functions of the 3EX platform is the ability to use natural language processing technology , allowing users to create their own trading strategies through simple conversations. Whether you want to operate based on specific market indicators or develop strategies based on personalized conditions, 3EX can provide flexible and efficient solutions.

• Real-time simulation and execution: With the 3EX platform, users can simulate their trading strategies in real time and see possible profit and loss results in real time. This instant feedback mechanism allows users to optimize and adjust their strategies before actually entering the market. Once the strategy is determined, the platform can also automatically execute transactions, greatly reducing the complexity and time delay of operations.

• Copy trading strategy: For users who are unwilling to create their own strategies, 3EX also provides a copy trading function. Through this function, users can choose and follow the strategies of other successful traders and enjoy the convenience brought by AI intelligent trading. In addition, copy trading not only provides users with an opportunity for passive income, but also creates additional sources of income for strategy providers through a profit sharing mechanism.

Adapt to changes and seize opportunities

In the face of uncertainty and market volatility in the approval process of the Ethereum ETF, the 3EX AI trading platform has demonstrated how to use advanced technology and artificial intelligence to support users and help them adapt to market changes, Seize investment opportunities. Through automated strategy creation, real-time simulation and execution, and copy trading strategies, 3EX provides cryptocurrency investors with a powerful tool that can not only cope with the impact of news, but also find profit opportunities in volatile markets. . Those investors who can flexibly adapt and take advantage of the latest technologies will be the winners in the future market.

3EX related links:

Website: https:/ /www.3ex.com or https://www.3ex.global

Twitter(EN): https://twitter.com/3exglobal

Twitter(CN): https://twitter.com/3EX_ZH

Telegram(EN): https://t.me/global_3ex

Telegram(CN): https://t.me/chinese_3ex

Discord: https://discord.gg/KHVVnPgpeT

Facebook: https://www.facebook.com/profile.php ?id=100092234370403

Instagram: https://www.instagram.com/3EX.Exchange/

Medium: https://medium.com/@3ex

Reddit: https://www.reddit.com/user/3EXGLOBAL

Youtube: https://youtube.com/@3EXGLOBAL?feature=shared