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

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:

Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security

CoinDesk: Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources

The Block: Fidelity files amended S-1 registration statement, removing staking rewards from prospective Ethereum ETF

Unchained Podcast: Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday

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

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