
Unchained
Bits + Bips: Is US Politics Driving the ETH ETF Approval? - Ep. 649
May 21, 2024
The discussion heats up around the sudden increase in approval odds for Ethereum ETFs, with hosts speculating on political pressure from the Biden administration. They ponder how institutional demand could reshape investment strategies and influence the upcoming U.S. elections. The conversation also dives into stablecoins and their effect on U.S. financial power, debates over low float/high FDV coins, and insights into the trading psyche behind the 'Coinbase premium.' Will new crypto ETFs emerge? Tune in for predictions!
55:33
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Quick takeaways
- Political motivations may drive reversal in ETH ETF approval odds.
- US elections may be impacted by upcoming ETH ETF approval.
Deep dives
Discussion on Ethereum ETFs Decision
The episode delves into the surprising political decision regarding the approval of Ethereum ETFs. Despite initial pessimism, the SEC's sudden engagement and request for rule changes led to a shift in odds in favor of approval, causing widespread market shock and volatility.
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