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Sweat Wallet Ethereum ETF Quiz Answers

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This guide contains the Sweat Wallet Learn & Earn “What is a spot Ethereum ETF?” quiz answers to earn 1 SWEAT.

Sweat Wallet Ethereum ETF Quiz Answers

Question: When were the spot ETH ETFs first approved in the United States?

Answer: May 23, 2024.

Question: Why would anyone purchase shares in an ETH ETF instead of purchasing ETH directly through an exchange?

Answer: Because they understand and have more experience in buying and selling shares.

Question: What is the likely impact of the ETH ETF approvals on the future value of Ethereum?

Answer: It is likely to go up.

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About the author

Lim How Wei

Lim How Wei is the founder of followchain.org, with 8+ years of experience in Social Media Marketing and 4+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others. One of his articles about the gig economy was quoted by Joe Rogan who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression.