GM Explorer,

Five spot Ethereum ETFs are set to hit the US market on July 23, marking a significant milestone.

This is the Crypto Explorer, your crypto tour guide.

Here’s what we got for you today:

• 🤩 Spot Ethereum ETFs hit the market!

• 🗣️ Michael Saylor's take on Germany's BTC sale!

• 🧱 Around The Block: Bitcoin national reserve proposal sparks bold $1 Million predictions.

🤩 Spot Ethereum ETFs Hit the Market!

Good news, everyone!

Remember that prediction from Bloomberg analyst Eric Balchunas about the first Ethereum ETF hitting the US market on July 23rd? Well, it turns out it was spot on!

It's been confirmed that, Starting July 23, five spot Ethereum ETFs will trade on the Chicago Board Options Exchange. 

This is all thanks to recent rule changes approved by the SEC!

So, who are these big five? Well, they’re none other than:

1. Invesco Galaxy Ethereum ETF

2. VanEck Ethereum ETF

3. Franklin Ethereum ETF

4. Fidelity Ethereum Fund

5. 21Shares Core Ethereum ETF.

Many of these funds plan to reduce or even temporarily eliminate fees in a bid to gain an early market edge, making them even more enticing for investors.

Oh, and traders, on the other hand, are feeling bullish about Ethereum. But then, who wouldn't?

The Taker Buy/Sell Ratio has surged, indicating strong buying interest and a promising upward trend that could drive prices higher, but only if the buying momentum keeps up.

But here's the best part — Ethereum's price has bounced back, surpassing key moving averages and reclaiming important resistance levels.

In fact, it's now poised to break out above $3.7K, and if this happens, we could see new highs above $4K! Just imagine that!

Our advice? Keep a close watch on Ethereum because things are really heating up!

You can read the full report here— we guarantee you there's a lot more you'll be glad to know about!

🗣️ Michael Saylor's Take on Germany's BTC Sale!

Germany's decision to sell off 49,858 BTC tokens has caused quite a stir among politicians and business leaders.

Michael Saylor is the latest to voice out his criticism!

He slammed the decision in a German post, saying, "It is not an emergency until you run out of Bitcoin."

Saylor, whose company (MicroStrategy) has heavily invested in Bitcoin, believes in its long-term value. His comment suggests that emptying the cryptocurrency reserves could be a mistake.

And he’s not alone in this thinking!

German lawmaker Joana Cotar believes that Bitcoin should be held as a reserve, especially since major Wall Street firms and financial institutions are now acknowledging its value.

Let's not forget that El Salvador, which made Bitcoin a legal tender in 2021, now holds 5,508 Bitcoins worth around $300 million.🤑

Even the crypto community isn't too happy about Germany's decision, either!

After all, who wouldn't be upset when Bitcoin's value dropped by over 22% during the sale period, from $65,695 to $53,717?

Someone even made a funny video on X about Germany selling their Bitcoin holdings! Check it out here!

So, what do you think – Will the German government regret their decision one day in the future?

🧱 Around The Block:

• Bitcoin national reserve proposal sparks bold $1 Million predictions.

• Analyst says Altcoins have bottomed out, predicts all-time-high rally for Bitcoin.

• Polygon sees increased RWA interest becomes second to Ethereum.

• Washington regulator warns investors of new crypto scam.

• MAGA coin surges 20% – thanks to Elon Musk.

• What kind of week is Ethereum about to have?

• Man gets meme coin address tattooed—but there's a typo.

That's all we've got for you today.

Please don't forget to rate today's email and let us know what you like about it.

In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be NEW”