Daily Brief Crypto: Crypto Moves #37 – Three Factors to Rule the Remainder of 2024 and more

• August 1st marks the beginning of the final five months of 2024, a year that has already been extraordinary for the crypto industry.
• This year has been unforgettable, with the crypto sector making a significant entrance on Wall Street with the launch of the first U.S. Bitcoin and Ethereum spot ETFs. The U.S. regulatory stance has also become more favorable towards crypto, recognizing it as a pivotal factor in the 2024 U.S. Presidential Election.
• Over and above that, banks and other financial institutions are eagerly lining up to offer crypto services.

• Successful launch of bitcoin ETF’s led to the filing and approval of Ethereum ETF’s
• Ethereum is the second largest cryptocurrency after bitcoin, with distinct differences in technology and operation
• The purpose of an ether ETF is to provide investors with exposure to the growing cryptocurrency market and decentralized technology.

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