🤯Ethereum Spot ETF Approval Incoming!
Analysts and industry folks are sensing the SEC may approve the Ethereum ETF by the May 23rd deadline
Hey Thinkers 💡
It’s never a dull day in the crypto market. Bitcoin and Ethereum are pumping and we got news that the chances of the SEC approving the Ethereum ETFs by May 23rd has increased.
Eric Balchunas and James Seyffart of Blommberg have increased the approval chances to 75%.
The TLDR here is Gary Gensler is feeling the political pressure as over the past couple weeks we saw:
Donald Trump publicly endorsed crypto causing many to criticize Biden and Elizabeth Warren
Democrats in House and Senate sided with the Republicans to repeal the SEC’s SAB 121
The FIT21 crypto bill vote is scheduled for this week
There is no guarantee this will happen but things are starting to move as Fidelity and others have started updating their applications.
If the Ethereum ETFs are approved this week get ready for the crypto market to have a strong rally.
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As institutions continue to enter into the crypto asset class the way they custody their digital assets will evolve. Sebastian Higgs, co-founder and COO of Cordial Systems, joins me to discuss how they are helping institutions to self custody crypto.
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Topics:
How institutions are approaching Crypto Custody
Bitcoin ETFs and the custody of BTC
Cordial Systems overview and utilizing the Cosmos blockchain
Self custody of Crypto
UK and EU crypto regulations
Tokenization
Sebastians time at Goldman Sachs and their approach to crypto
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-Tony💡