BREAKING: The ETH ETF is getting approved?!
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 20 May 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
The ETF approval deadline is coming on May 23rd and the odds just got.... wayyyy higher! Ryan and David explain.
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TIMESTAMPS & RESOURCES
0:00 Intro
0:45 Bloomberg Analyst Update
https://x.com/EricBalchunas/status/1792636523050906102
https://x.com/JSeyff/status/1792636774067413502
4:20 $ETH GOD CANDLE
https://pro.kraken.com/app/trade/eth-usd
7:25 Eleanor
https://x.com/EleanorTerrett/status/1792640682374393894
8:05 .ETH People
https://x.com/JSeyff/status/1792637403682701422
https://x.com/TrustlessState/status/1792638235799122269
18:10 Jake Chervisnky
https://x.com/jchervinsky/status/1792645992463978533
20:58 Warren Meme
https://x.com/BillHughesDC/status/1792646322551451718
21:10 Mike Ippolito Sentiment Bottom Call
https://x.com/MikeIppolito_/status/1791829053881602454
https://x.com/MikeIppolito_/status/1792641028844904753
24:51 Institutional Narrative
28:58 $COIN Stock Price
29:20 S-1 Approvals
https://x.com/JSeyff/status/1792650597377757456
33:08 SEC Asks Exchanges to Update Filings
https://x.com/tier10k/status/1792655223103566116
35:16 $ETHE
36:26 Chart TA'ing
40:23 Polymarket
https://polymarket.com/event/ethereum-etf-approved-by-may-31?tid=1716234132508
40:48 Ryan's Bear Case
46:23 Closing & Sassano Victory Lap
https://x.com/TrustlessState/status/1792640883042443578
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | What is going on David? Do we have an Ethereum E. T.F on the menu? Possibly. |
| 0:08.5 | In the middle of a meeting that we are having a bank list. We interrupt the meeting because Eric Balachunis who knows a thing or two about the E. |
| 0:16.8 | There's one of the two quote-to-quote E-T-F boys, E-T-F guys at the Bloomberg |
| 0:22.4 | yeah the Bloomberg Road the E-T.F. guys at the Bloomberg guys. Yeah, the Bloomberg Bro, the E.F. |
| 0:24.1 | Rose. |
| 0:25.1 | Tweets out update James Safer, the other the other E.T. |
| 0:28.3 | And I are increasing our odds of spot ether E.T.F. approval to 75% up from 25% hearing chatter this afternoon |
| 0:36.9 | that the SEC could be doing a 180 on this increasingly political issue. |
| 0:41.2 | So now everyone is scrambling like everyone else assumed they be denied. |
| 0:46.7 | See Nate Sweet Below for proper order of events. And so this has got to be a reaction to Sab 121, the 60 to 38 vote with a meaningful amount of high-ranking Democrats defecting from Biden's stated policy of the fact that he's going to veto SAB 2021, |
| 1:06.0 | many Democrats nonetheless disregarded that and voted to repeal SAB 121 |
| 1:11.0 | indicating that not all of the Democratic Party are in alignment with being anti-cripto. |
| 1:17.0 | As a result of that, it seems that speculation, but it's pretty, that's pretty clear. |
| 1:20.8 | I think, look, he said, he said increasingly increasingly political pressure this is what we've said. |
| 1:25.2 | And so something is going on behind the scenes Eric and James would know about an |
| 1:30.9 | SEC and the ETH ETS being approved. |
| 1:34.4 | Yes. To me like they are uping it to 75% which means of course there's a one in four chance that is getting denied in my opinion. |
| 1:41.0 | The fact that this is happening at all. |
| 1:43.6 | It's happening now. |
| 1:44.6 | It's pretty binary. |
| 1:45.7 | It's just a few facts. |
| 1:46.8 | Very bullish. |
... |
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