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Just when everyone thought that spot Ether ETFs were going to be denied on Thursday, news broke Monday that they are now likely to be approved, with Bloomberg analysts tripling their odds to a 75% chance of approval.\xa0\nEric Balchunas, senior ETF analyst at Bloomberg Intelligence, and Matt Hougan, CIO at Bitwise Asset Management, say this reversal definitely has to do with politics, citing the fight of Staff Accounting Bulletin 121, a rule that was unfriendly to financial institutions wanting to engage with crypto.\xa0\nPlus, they delve into the reasons why Michael Sonnenshein stepped down as CEO of Grayscale after 10 years (hint: it has to do with GBTC), what the 13F filings revealed about who\u2019s been buying the spot bitcoin ETFs since the beginning of the year, and what Vanguard\u2019s incoming CEO, Salim Ramji, who was instrumental to getting BlackRock to launch its Bitcoin ETF, could mean for crypto\u2019s future at the asset management firm.\nShow highlights:\n\nWhy Eric believes the ether ETFs will be approved\n\nWhy Matt thinks the Bitcoin ETFs set off a "complete sea change in Washington around crypto"\n\nWhether the spot Ether ETFs will be approved with or without staking\n\nWho the authorized participants and other behind-the-scenes players in the ether ETFs will be\n\nWhen the ETH ETFs could start trading and why Eric believes they won't be as successful as Bitcoin ETFs\n\nWhat the 13F filings revealed about the spot Bitcoin ETFs buyers and why their identities are\xa0"stunning"\n\nWhy Michael Sonnenshein stepped down as CEO of Grayscale\n\nGrayscale\u2019s new mini ETF, BTC\n\nWhether Vanguard's new CEO appointment could mean a change in attitude by the asset management firm towards crypto\n\nWhat a buffered ETF is and why they could be significant\n\nMatt's prediction for the BTC price\n\nTheir outlook on the future of ETFs and developments in the space\n\nVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com\nThank you to our sponsors!\n\nPolkadot\n\nVaultCraft\n\nGuests:\n\n\nMatt Hougan, Chief Investment Officer at Bitwise Asset Management\n\nPrevious appearances on Unchained:\xa0\n\nHow Small Bitcoin ETF Issuers Will Compete With the Likes of BlackRock\n\nWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10\n\n\nEric Balchunas, Senior ETF Analyst at Bloomberg Intelligence\n\nPrevious appearances on Unchained:\n\nHow, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 Years\n\nWhy Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday\n\nWill a Spot Bitcoin ETF Finally Get Approved?\n\n\nLinks\nEther ETFs\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\n\n\nSAB 121\n\nBloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance\xa0\n\nUnchained: Senate Votes to Kill SAB 121 Custody Bill: How Crypto Became So Political\n\n\n13F Filings\nUnchained: Large Institutions Betting Big on Bitcoin ETFs Revealed in SEC Filings\n\nLeadership changes\n\nCoinDesk: Grayscale CEO Michael Sonnenshein Steps Down, to Be Replaced by TradFi Veteran\n\n\nWSJ: Meet Salim Ramji, Who Is Going to Oversee the Retirement Assets of Tens of Millions of Americans\n\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices