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:

High FDV, low float coins:

Unchained: Who’s to Blame for the Underperformance of Low Float, High FDV Tokens?

Timestamps:

(00:00) Intro
(01:40) Why the chances of an ETH ETF suddenly reversed
(09:13) Why Alex believes that ETH is heading to all time highs
(11:22) Whether there's institutional demand for ether
(16:46) The political pressure that led to this change
(28:46) The broader macroeconomics conditions and how Alex thinks he’ll trade the US elections
(35:51) How US dollar-pegged stablecoins promote USD hegemony and mirror the Eurodollars market
(40:01) The debate about high FDV, low float coins, and whether there is a solution
(49:52) Whether there are going to be new crypto spot ETFs being approved

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Bits + Bips: Is US Politics Driving the ETH ETF Approval? - Ep. 649 55:33 Share

Unchained

Shownotes Transcript

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