Some Quick Thoughts on ETH ETF, Regulation, and Updates on Recent Tactical Trade Ideas
May 23, 2024
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On ETH Approval and Volatility
We expect a decision on the ETH ETFs today and are bullish on the prospect of approval. ETH open interest is well above all-time highs. Whichever way this breaks, expect some potentially whipsawing volatility. Our base case right now is that we are likely to see a bit of a rally and drawdown post-19b-4 approval, then a slow march higher into S-1 approval and listing.
What will be interesting post-approval is which assets are identified as next in line for an ETF. Our money is on SOL.
FIT21 was passed by the House yesterday on a ...