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 the related crypto companies that serve it this week.
I'm talking about today's hybrid. x.com/Cointelegraph/status/1841803624948629517″>ethereum–bitcoin ETFyesterday XRP ETFand what will likely be the 2025 basket memecoin ETF offering exposure to everything from PEPE to GIGA to HarryPotterObamaSonic10Inu.
If you are takeaway from possibly depressing The launch of eth ETF is that there will be no more crypto ETFs, sorry but you are looking beyond Price of 1 trillion dollars over the rest of the crypto industry.
Wall Street wants to sell products that generate US dollars and they will continue to make things that generate dollars.
Well, in a bear market, maybe that's not an ethereum ETF. But it's hard to imagine that in a world where the US regulatory environment continues to become “more advantageous to the industry,” and there aren't 15 to 20 of these ETFs all pumping out in a bull market.
Maybe you've forgotten how in 2017 XRP went to $4 or DASH to $700, how in 2021, JPEGs sold for hundreds of millions. Newsflash: 80% of ETF buyers are retail buyers, and that's bitcoin-etfs-are-on-slow-adoption-journey-says-blackrock-exec.html”>according to black rock.
You might think that all our proselytizing toward people like Rick Rubin has somehow seeped into the collective consciousness. Maybe he's betting that Kamala Harris will get elected and continue to let Gary Gensler and the SEC run roughshod over cryptocurrencies.
That seems fine to me. That's not the world I see. The bitcoin cryptocurrency electorate is here, and whether it hands the election to Donald Trump or wins concessions from the Harris administration, that means more ETFs, not fewer. It's certainly not a world where only one bitcoin ETF exists any time soon.
Once again, Wall Street is not adopting the path of Michael Saylor, they do not see President Nayib Bukele as a wise man of the developing world. They don't believe bitcoin is a bulwark against money printing, and no, it doesn't matter that they are writing research reports about it.
They will say everything they can to sell ETFs and make dollars.
because they are not condemned buyers. they are condemned sellers. There is a difference.
