July 03, 2024

Bits + Bips: Ethereum and Solana ETFs and Why Crypto Is Poised for a Breakout - Ep. 668

55 minutes

Are Solana ETFs on the brink of approval? How might political outcomes influence this decision?

Join hosts James Seyffart, Alex Kruger, and Joe McCann as they delve into the latest buzz around Solana’s potential spot ETFs, dissect the SEC's puzzling delay on Ethereum ETFs, and debate why Bitcoin’s recent performance has diverged from the NASDAQ.

They also discuss the U.S. presidential election, the event that Alex says was the “second most bizarre thing” he’s seen in his life, what the bond market seems to indicate about expectations for a Trump presidency, and how upcoming nonfarm payroll reports and potential rate might affect the markets.

Show highlights:

00:00 Intro

01:47 How political outcomes might influence the approval of spot Solana ETFs

04:16 Whether futures ETFs are 100% needed for an approval of spot crypto ETFs

09:26 The high premium on Grayscale's Solana Trust (GSOL)

13:50 How the outcome of the 2024 U.S. presidential election could impact the crypto industry

20:55 Why the SEC delayed the launch of the Ethereum ETF

24:53 How the upcoming nonfarm payroll report and potential rate cuts impact market volatility and the Federal Reserve's decisions

27:51 How the rise of populist candidates in France and changes in currency markets might affect the US dollar and the broader economic landscape

31:40 How Bitcoin, Ethereum, and Solana performed in Q2, and the surprising outperformance of BONK

34:45 Why Bitcoin's performance diverged from the Nasdaq's recent rally

45:48 How recent movements in long-term bond rates are linked to political changes, such as the rise of right-wing populism and concerns about fiscal responsibility

52:45 How FTX creditors could potentially influence market dynamics, and the irony in the US government using Coinbase as a custodian

Hosts:

James Seyffart, Research Analyst at Bloomberg Intelligence

Alex Kruger, Founder of Asgard

Joe McCann, Founder, CEO, and CIO of Asymmetric

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By Laura Shin

4.6

11821,182 ratings