Bits + Bips: Is US Politics Driving the ETH ETF Approval? - Ep. 649

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 21 May 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

With ETH spot ETFs now more likely than ever, Bits + Bips hosts James Seyffart, Alex Kruger, and Joe McCann delve into the reasons behind this shift, surmising that the reversal may have come from powers above the SEC—perhaps in the Biden administration. The three hosts surmise that ETH will likely reach all-time highs, discuss how this changes their election trading strategy and ponder where there is enough institutional demand for ether ETFs. They also look at whether the potential approval could sway the US elections. Plus, they share insights into stablecoins and how they strengthen the US’s political power globally, dive into the debate on low float/high FDV coins, and also take a peek at what they think could be the potential next crypto spot ETF. Show highlights: Why the chances of an ETH ETF suddenly reversed What the "Coinbase premium" is and how Joe uses it for trading Why Alex believes that ETH is heading to all-time highs Whether there's institutional demand for spot ether ETFs The political pressure that led to this change Whether the ETH ETF will change the course of the US elections The broader macroeconomics conditions and how Alex thinks to trade the US elections How US dollar-pegged stablecoins promote USD hegemony The debate about high FDV, low float coins, and whether there is a solution Whether new crypto spot ETFs will be approved Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Joe McCann, Founder, CEO, and CIO of Asymmetric Links Ether ETF approval: Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security CoinDesk: Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources The Block: Fidelity files amended S-1 registration statement, removing staking rewards from prospective Ethereum ETF Unchained Podcast: Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday High FDV, low float coins: Unchained: Who’s to Blame for the Underperformance of Low Float, High FDV Tokens? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey all, all, Laura here. In case you missed it, a couple weeks ago we launched our new show,
0:05.8	Bits and Bips, exploring how crypto and macro collide one basis point at a time. Our hosts are James Safert, Alex Krueger, and Joe McCann. And since James was
0:16.7	at the center of everything happening around the Ethereum ETS on Monday, today's episode is an especially
0:22.4	exciting one. One that we decided to
0:24.6	release a little bit early rather than waiting until Wednesday. Bits and Bips will
0:29.2	be on unchained every other week. Be sure to like, subscribe, and give it a rating or review. Hope you enjoy it.
0:36.3	Everyone I'm talking to seems like they were blindsided by this. No one was expecting this.
0:40.4	That tells me this came from the top. This was a political decision and I think you're right Alex I think this was a decision from above possibly above the SEC said like Biden
0:48.8	By the Biden admin that decided like it's not worth fighting this we might even lose in court if we try to do
0:53.2	this and somebody sues us and we're losing the votes people are going to go to Trump
0:57.1	solely because of the stance here and it's just not worth it.
1:02.0	Hi everyone welcome to bits and bits exploring how crypto and macro collide one
1:06.0	basis point at a time I'm your host James Safert Tradify Archmaster Lord
1:10.6	and Bloomberg's end here with Alex Alex Krueger, Krueger Macro of House Asgard,
1:15.1	protector of the realm, and Joe McCann, Lord Commander of Asymmetric and Master of Banc.
1:20.5	We're here to discuss the latest stories in the world of crypto and macro news.
1:25.2	Just remember that nothing we say here is investment advice. You can check
1:28.8	on chain crypto and for more disclosures. All right guys, let's get into it.
1:32.8	Right now it's a little after 8 PM on Monday, May 20th, and today is the day that me and my colleague
1:40.0	uh slash boss, Eric Bchunus tweeted
1:45.9	Massively upping our odds on spot a theory and ETS
1:51.0	So we think there's a good chance that there's approval at the very least there's been a huge shakeup
	...

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