The Breakdown Ethereum ETFs Go Live!
Jul 24, 2024
This episode discusses the launch of Ethereum ETFs, potential market impact, industry experts' perspectives, Permissionless conference details, Swan Bitcoin setbacks, and updates on Mt. Gox distribution and the current state of the crypto market.
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Crypto Legitimacy
- The launch of Ethereum ETFs validates crypto as a legitimate asset class.
- Traditional asset managers are now embracing the crypto space.
Flow Predictions and Price Targets
- Expected ETF flows vary significantly, from $3-4 billion to $15-20 billion in the first year.
- These varying flow predictions lead to different price targets for ETH.
Launch Volume Comparison
- The Ethereum ETF launch volume is high compared to a typical ETF, but lower than Bitcoin's ETF launch.
- However, the ETH ETF launch volume in the first 30 minutes significantly outperformed other recent ETF launches.