🚀 Dive into the latest crypto updates! In this video, Morgan Creek Capital CEO Mark Yusko shares his views on the prospects of a spot Ethereum ETF approval by the SEC this year. Despite the recent nod for the first spot Bitcoin ETF, Yusko remains skeptical about a parallel decision for Ethereum.
📈 Bloomberg ETF analyst Eric Balchunas suggests a 70% chance of a spot Ethereum ETF approval by May, but Yusko disagrees, citing a probability “less than 50/50” in a Cointelegraph interview. Discover the key factors influencing this outlook, including the SEC’s perceived hostility towards cryptocurrencies and concerns about Ether being classified as a security.
💡 Yusko shifts focus to Bitcoin, discussing how the approval of a spot ETF could impact BTC’s volatility and potential returns. He argues that reduced volatility is a positive sign, indicating the maturation of the asset and its original purpose – facilitating value exchange without intermediaries.
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That’s not what this was invented for right this was invented to solve a problem which was dual entry accounting being corruptible and replace trust with truth to bust the Monopoly of the banking cabal that has been existed I shouldn’t say cabal U cartel uh that’s
Been around for 838 years and so I I get it that lower volatility boring I can’t day trade it as much so wasn’t invented for day trading it was invented to solve money that’s what was it was invented to allow you and I to exchange value without asking permission
We saw that in the days coming up to the approval of the spot Bitcoin ETF one of the best performing cryptos was e the