Five spot Ethereum ETFs will launch on July 23. Is it time to invest more in crypto?

Key takeaways

• Five spot Ethereum ETFs, including Fidelity, are set to launch on July 23rd.
• Poodlana’s presale is now close to the $1.7 million mark as more investors troop into the project. 

Ethereum ETFs to go live next week

The Chicago Board Options Exchange (CBOE), the largest U.S. stock exchange for options, has revealed that five spot Ethereum exchange-traded funds (ETFs) will go live on July 23rd.

The funds include the Fidelity Ethereum Fund, the Franklin Ethereum ETF, the Invesco Galaxy Ethereum ETF, the VanEck Ethereum ETF, and the 21Shares Core Ethereum ETF.

With Bitcoin and Ether ETFs now available to investors in the United States, it is becoming evident that cryptocurrencies are going mainstream globally and adoption levels could soar. 

What’s Poodlana?

With the crypto market going mainstream, new projects are emerging to provide more utility and opportunities for investors. Poodlana is one of the latest projects to keep an eye on. 

It is a new Solana meme coin designed to introduce the glamor of high fashion to the crypto world.  Poodlana wants to become the number one dog token on the planet. The meme coin wants to embrace the ethos of community-driven growth while providing investors with unique value. 

Poodlana is one of the top 3 dog breeds in Japan, Korea, and China. The development team wants to leverage the popularity of the dog with the love of meme coins in these countries to build a strong community.

Poodlana’s presale raises $1.7m in three days

The Poodlana presale began three days ago and will last for 30 days. So far, the project has raised $1.7 million, with the token price currently set at $0.023. In the next presale stage, the PODDL token will be sold for $0.0265. Investors can purchase this token using SOL, BNB, ETH, USDT, USDC, and Fiat/card payment options.

The development team revealed there would be no lock-up period for their tokens, no games, just pure, unadulterated excellence. The POODL presale will end on August 16 and the listing on exchanges will take place immediately after. 

According to the website, the presale will be in 10 stages, with a price increase every three days. 

Click here to learn more about the Poodlana presale.

Poodlana has a total supply of 1 billion tokens

Poodlana’s tokenomics is a simple one as the team values transparency amongst its community members and investors. Per the whitepaper, the total supply will be 1 billion POODL tokens, with 50% going presale.

The team added that the remaining 50% will be split amongst marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%). 100% of tokens will be unlocked on day one, ensuring there are no lock-ups or vesting periods.

Once the presale ends, Poodlana will burn unsold tokens. Presale investors will claim their tokens immediately after the presale, with the token set to list on decentralized exchanges (DEXs) once the presale ends.

Should you invest in the Poodlana project?

The Poodlana project is ambitious as it seeks to become the number one dog-themed meme coin in the world. Poodlana is taking advantage of the popularity of the Poodlana dog and is building a community that could see it challenge Shiba Inu and Dogecoin. 

The presale will last for 30 days, which means investors have a limited period to invest in the project before it is listed on exchanges. The project’s transparency and speed of execution could also help attract more investors to the project.