Nothing stops this train.
No, I’m not talking about the Federal Reserve’s money printer, I’m talking about the series of ETF announcements from Wall Street and related cryptocurrency companies serving it this week.
I’m talking about hybrid today Ethereum-Bitcoin ETFYesterday XRP ETFAnd what will likely be the 2025 Memecoin ETF offering exposure to everything from PEPE to GIGA to HarryPotterObamaSonic10Inu.
If you takeaway from It can be said depressing The launch of ETH ETF is that there will be no more crypto ETFs, I’m sorry but you are looking beyond that The price of 1 trillion dollars On the rest of the crypto industry.
Wall Street wants to sell products that generate US dollars, and will continue to do things that generate dollars.
Well, in a bear market, that might not be the Ethereum ETF. But that’s hard to imagine in a world where the US regulatory environment continues to become more “industry-friendly,” and there aren’t 15 to 20 of these ETFs all pumping into a bull market.
You may have forgotten how XRP was pumped to $4 or DASH to $700 in 2017, and how JPEGs sold for hundreds of millions in 2021. Newsflash: 80% of ETF buyers are retail buyers, and that’s how it is According to BlackRock.
You might think that all our proselytizing of the likes of Rick Rubin has somehow seeped into the collective consciousness. You might be betting that Kamala Harris is elected, and that she will continue to let Gary Gensler and the SEC get tough on cryptocurrencies.
fair enough. This is not the world I see. The Bitcoin cryptocurrency constituency is here, and whether it hands the election to Donald Trump, or wins concessions from the Harris administration, that means more ETFs, not less. There certainly won’t be a world where there’s only a Bitcoin ETF any time soon.
Once again, Wall Street does not embrace Michael Saylor’s tawdry, nor does it view President Nayib Bukele as a scholar of the developing world. They do not believe that Bitcoin is a bulwark against money printing, and it does not matter that they write research reports to that effect.
They will say whatever they can to sell ETFs, to earn US dollars.
Because they are not governed Buyers. They have been convicted Sellers. There is a difference.