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

Published: May 21, 2024, 10 p.m.

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\u2014perhaps in the Biden administration.\nThe 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.\xa0\nPlus, they share insights into stablecoins and how they strengthen the US\u2019s 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.\nShow highlights:\n\nWhy the chances of an ETH ETF suddenly reversed\n\nWhat the "Coinbase premium" is and how Joe uses it for trading\n\nWhy Alex believes that ETH is heading to all-time highs\n\nWhether there's institutional demand for spot ether ETFs\n\nThe political pressure that led to this change\n\nWhether the ETH ETF will change the course of the US elections\n\nThe broader macroeconomics conditions and how Alex thinks to trade the US elections\n\nHow US dollar-pegged stablecoins promote USD hegemony\n\nThe debate about high FDV, low float coins, and whether there is a solution\n\nWhether new crypto spot ETFs will be approved\n\n\nHosts:\n\n\nJames Seyffart, Research Analyst at Bloomberg Intelligence\n\n\nAlex Kruger, Founder of Asgard\n\n\nJoe McCann, Founder, CEO, and CIO of Asymmetric\n\nLinks\nEther ETF approval:\n\nUnchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security\n\n\nCoinDesk: Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources\n\n\nThe Block: Fidelity files amended S-1 registration statement, removing staking rewards from prospective Ethereum ETF\n\n\nUnchained Podcast: Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday\n\n\nHigh FDV, low float coins:\nUnchained: Who\u2019s to Blame for the Underperformance of Low Float, High FDV Tokens?\n\n\nTimestamps: \n\n(00:00) Intro\n\n(01:40) Why the chances of an ETH ETF suddenly reversed\n\n(09:13) Why Alex believes that ETH is heading to all time highs\n\n(11:22) Whether there's institutional demand for ether\n\n(16:46) The political pressure that led to this change\n\n(28:46) The broader macroeconomics conditions and how Alex thinks he\u2019ll trade the US elections\n\n(35:51) How US dollar-pegged stablecoins promote USD hegemony and mirror the Eurodollars market\n\n(40:01) The debate about high FDV, low float coins, and whether there is a solution\n\n(49:52) Whether there are going to be new crypto spot ETFs being approved\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices