A few (further) thoughts on the current crypto market:

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙𝘀: Yesterday, for the first time, we saw net inflows of over 1 billion US dollars into $BTC (-0,06%) ETFs for the first time. The inflows are not only continuing, they are 𝘣𝘦𝘴𝘤𝘩𝘭𝘦𝘶𝘯𝘪𝘨𝘦𝘯 increasing. Rising demand meets limited supply...it doesn't take a genius.

$ETH (-3,96%): Happy Dencun Day! Ethereum will undergo its next major upgrade later today. TLDR: Transactions on rollups become cheaper. Compared to the merge, there is almost no hype around this upgrade - and wrongly so. The fact that almost all memecoins are currently traded on Solana shows that the Ethereum ecosystem still has a cost problem and needs to remain competitive.

𝗘𝗧𝗛 𝗘𝗧𝗙: The market is increasingly pessimistic about the prospect of approval in May. The reasons given are entirely procedural (silence between SEC and applicants). To me, this seems like a healthy expectation, which would dampen the sell-off in the event of a rejection (because it would be priced in), but would bring corresponding upside potential in the event of approval.

𝗔𝗹𝘁𝗰𝗼𝗶𝗻𝘀: While BTC marked a new ATH a few days ago, most altcoins are still lagging behind.

Definitely still a lot of potential, but also a very high risk of burning your fingers with leverage.

Big picture: super bullish.

Stefan21@stefan_21

11Mês

If the SEC officially classifies Ethereum as a security, the rejected ETF will probably be followed by a wave of lawsuits against the Foundation and crypto exchanges for trading in unregistered securities📉

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Max@Max_Blockstories

@stefan_21 Yes, that would be the case. But there is absolutely no evidence for this.
ETH never appeared in their lawsuits against Kraken, Coinbase and Binance (but SOL, MATIC, AVAX etc. did). In addition, there is already an ETH futures ETF and some official statements from SEC Commissioners about ETH as a commodity