ETFs
Bits + Bips: Is US politics behind the approval of the ETH ETF?
Why ETH spot ETFs are now more likely – and the reversal could come from the Biden administration. Will this allow ETH to reach all-time highs, influence the US elections, or spark a new wave of crypto spot ETFs?
Posted May 21, 2024 at 6:00 PM EST.
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With ETH spot ETFs now more likely than ever, Bits + Bips hosts James Seyffart, Alex Kruger and Joe McCann delve into the reasons behind the change, speculating that the reversal could come from powers higher than the SEC, perhaps within the Biden administration.
All three hosts speculate that ETH will likely reach all-time highs, discuss how this changes their election trading strategy, and question where there is sufficient institutional demand for ether ETFs. They are also examining whether this possible approval could influence the US elections.
Additionally, they share information about stablecoins and how they strengthen U.S. political power globally, delve into the low-float, high-FDV coin debate, and also throw a take a look at what they think is the next potential cryptocurrency ETF.
Show highlights:
- Why an ETH ETF’s Odds Suddenly Reversed
- What is “Coinbase Premium” and How Joe Uses It for Trading
- Why Alex thinks ETH is heading to all-time highs
- Is there institutional demand for spot ether ETFs?
- The political pressure that led to this change
- Will the ETH ETF change the course of the US elections?
- Broader macroeconomic conditions and how Alex plans to negotiate the US election
- How US dollar-pegged stablecoins promote dollar hegemony
- The debate over high FDV, low float coins and whether there is a solution
- Whether new spot crypto ETFs will be approved
Hosts:
Connections
Ether ETF Approval:
High FDV, low float parts: