Russia just put $ETH on its approved retail crypto list.
• The central bank named Bitcoin, Ether and Tether as assets non-qualified investors can trade
• Regulated exchange trading is set to start December 1
• Meanwhile ETH is down about 5% in 24h to roughly $2,130 amid ETF outflows (CoinMarketCap AI, CryptoDaybrief)
My take: regulated access in a big market is a slow-burn positive, but it won't offset ETF selling this week. Watch the $2,100 area and Tuesday's US CPI.
Will Russian retail access matter more for $ETH than the ETF outflows by year-end? Yes or no?
#Ethereum #Russia #CryptoRegulation
Not financial advice.
• The central bank named Bitcoin, Ether and Tether as assets non-qualified investors can trade
• Regulated exchange trading is set to start December 1
• Meanwhile ETH is down about 5% in 24h to roughly $2,130 amid ETF outflows (CoinMarketCap AI, CryptoDaybrief)
My take: regulated access in a big market is a slow-burn positive, but it won't offset ETF selling this week. Watch the $2,100 area and Tuesday's US CPI.
Will Russian retail access matter more for $ETH than the ETF outflows by year-end? Yes or no?
#Ethereum #Russia #CryptoRegulation
Not financial advice.