Asset manager VanEck has added to the increasing speculation about the possibility of Ethereum (ETH) spot exchange-traded funds being approved on May 23. The Depository Trust and Clearing Corporation (DTCC) has now listed the firm’s Ether ETF. Its ticker symbol is ETHV, and it will be inactive until the U.S. Securities and Exchange Commission (SEC) greenlights the new asset class.Â
The consensus a few weeks ago was that the SEC would reject the pending applications from firms like VanEck, but prominent analysts like James Seyffart are now feeling optimistic Ethereum ETFs will be approved soon. Cryptocurrencies have emerged as a political issue in the past couple of weeks. The U.S. House of Representatives passed the first crypto regulations, which made it easier for financial institutions to serve as cryptocurrency custodians. The vote involved many Democrats moving away from President Biden’s anti-crypto stance.Â
Milei Moneda ($MEDA) is still far from getting its exchange-traded funds, but its presale couldn’t have been off to a better start, with over 68.4 million tokens sold during the first three stages. A leading-edge project that aims to redefine the role of meme coins, the Milei Moneda plans to compete with the likes of Pepe (PEPE), which has enjoyed over 948% price growth so far in 2024.Â
Economize Like Milei: Invest in $MEDA!
Best altcoins to buy today: Milei Moneda ($MEDA) has everything it needs to be one of the best meme coins
The Milei Moneda project is inspired by eccentric Argentinian president Javier Milei, who has reawakened libertarian and anarcho-capitalist sentiments in the country. His support for innovative financial systems and advocacy for economic freedom is in sync with the spirit of Milei Moneda.Â
The project intends to generate interest by bringing political humor into the blockchain space and departing from practices normalized in the meme coin arena, like low utility and too many tokens in circulation, as with PEPE’s 420 trillion circulating supply.Â
Milei Moneda intends to provide its investors with lots of utility, from decentralized finance services to access to exclusive non-fungible tokens (NFTs) that can be staked to earn rewards.Â
Other notable perks that come with investing in $MEDA include:Â
- Exclusive access to events and content
- 15% liquidity pool
- Participation in the project’s governance with the possibility to earn rewards for valuable ideas
- Up to 50x growth potential in 2024
Economize Like Milei: Invest in $MEDA!
VanEck lists ETH ETF on DTCC ahead of the SEC’s deadline
VanEck getting its Ether exchange-traded funds listed on the DTCC isn’t the only new development in cryptocurrency this week. Rumors suggest that the SEC has contacted the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange to update the current spot ETH ETF applications.Â
The White House is believed to have played a role in the SEC’s switch on its stance on the top crypto coin. Donald Trump has publicly endorsed cryptocurrencies, echoing the sentiments of many voters and forcing Biden to rethink his stance on cryptos.Â
Pepe (PEPE) dominates the meme coins space with a 30% price surge
PEPE’s value has increased by over 30% in the past seven days, and this trend is expected to continue if BTC and ETH keep gaining momentum. The Pepe project was launched less than a year ago, but it has emerged as one of the best meme coins, giving its investors 781% returns in the past year.Â
The project is now taking steps to cut down on its oversaturated supply, burning over 9 trillion tokens in 2024.Â
Summary
Pepe has been more than a pump and dump since being launched, given the tremendous gains it has given its investors. However, $MEDA’s small token supply and innovative way of bringing political humor into investment opportunities give it the edge, with some projections expecting as much as 50x growth. $MEDA offers its investors a chance to acquire generational wealth.Â
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