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Gate Square New & Returning Creator Rewards are ongoing!
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#现货比特币ETF持仓破110万枚 ETH is rising strongly, and alts are following the trend. Ethereum's recent performance has been impressive, as its price not only broke through key resistance levels but also drove ecosystem projects like SOL, LDO, and OP to rise.
There are several important tailwinds behind this rally: ETF funds continue to flow in: Ethereum spot ETF fund inflows have steadily increased, with a net inflow of $125 million last night, and the market's long-term confidence in ETH is growing. Relaxation of staking regulations: The SEC has loosened its attitude towards ETH staking, and may even allow staking ETFs, which is good for the Ethereum ecosystem in the long run.
Altcoin ETF expectations rise: SOL's ETF progress is rapid, and the market predicts it may be approved in the coming weeks. Bloomberg has even provided high approval probabilities for several altcoin ETFs (such as LTC, XRP, DOGE, etc.), which means that funds may further flow into the altcoin market.