Krypto Adler

🔴 Youtuber | Crypto, Investor

[Krypto Adler @KryptoAdler]

🎉 BitMart feiert 7 Jahre!
Noch 1 Woche läuft die große Jubiläums-Kampagne – und die Gewinne sind 🔥

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#BitMart #7JahreBitMart

[Krypto Adler @KryptoAdler]

🎉 BitMart feiert 7 Jahre!
Noch 1 Woche läuft die große Jubiläums-Kampagne – und die Gewinne sind 🔥

Jetzt mitmachen und fette Preise sichern! 🚀 https://t.co/P3VZfpd7H2

#BitMart #7JahreBitMart

[Krypto Adler @KryptoAdler]

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[BitMart @BitMartExchange]

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Exclusive to Europe & Brazil users

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[BitMart @BitMartExchange]

💥#BitMart #VIRTUAL Massive #Airdrop💥

To celebrate the new year, we’re giving away 10,000 USDT worth of #VIRTUAL!

📅Campaign Period: Jan 07 - Jan 14, 2025
👉Don’t have an account? Create one here: https://t.co/r4RHVCxhbt
🔗Dive into the action: https://t.co/OhHmqMdKcF

Exclusive to Europe & Brazil users

#bitcoin #giveaway #crypto

[TARS AI 🤖 @tarsprotocol]

Sona [BETA] is now live.

🟣 A voice-first virtual assistant, native to Solana Mobile with a first-mover edge
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TARS is reshaping consumer crypto on Solana, this time with Sona leading the charge.

Sona Intelligence, next.

[Ai Business Journal @ArchieIntel]

🩸 JUST IN: $816 MILLION of leveraged crypto positions liquidated in just 1 hour.

[Brad Garlinghouse @bgarlinghouse]

Absolute nonsense coming from @GaryGensler today.

And this slander about “all crypto execs going to jail” from the man who completely missed FTX (and actually cozied up to SBF), and wasn’t even invited to the DOJ announcement about Binance.

If he was really “working for the American people” as he says, he would have been fired a long time ago.

Gensler will cause Biden to lose the election.

[Daan Crypto Trades @DaanCrypto]

There's a lot of fears about how the Grayscale $ETHE selling might cause a dip for $ETH once the ETFs go live, similar to how it did for #Bitcoin with $GBTC.

Here are my thoughts on the $ETH ETF and what might happen over the next couple of months:

1. Most people outside of our bubble have no idea why price went down in the short term after the BTC ETFs got approved last time. We (on CT) know GBTC was some part of it but it was also likely a lot of "Selling the news" after the ETFs had been priced in for months in advance (causing a 2x rally).

This is relevant as it's sometimes good to keep it simple. Your average retail participant sees an ETH ETF by July 2nd. They think, I better buy now before I'm too late. BTC was up nearly 2x within 1.5 months after the ETFs went live. The end result is what sticks.

2. The BTC ETFs went live straight after the S1 approvals and were trading at a 6%+ discount until that point. This means that traders that bought into $GBTC for the discount trade had no time to get out of it for a decent price unless they wanted to sell out for 6% or more. This discount of course disappeared once the ETFs went live.

With the $ETHE product, the discount has already closed to 1-3% and will have traded at that point for well over a month before the ETFs actually go live. This means the ETHE discount traders will have had much more time to get out at basically NAV during that time. Although some will probably wait until the ETFs actually go live and the discount closes fully, it's safe to assume that this prolonged period of a small discount has likely caused a lot of $ETHE holders to sell out already. Especially compared to the $GBTC trade. This should theoretically decrease the ETHE selling in the first few weeks when comparing to $GBTC.

No doubt ETHE will still get drawn out heavily as investors move into cheaper products if Grayscale opts for high fees again.

I just doubt it will have as much of an impact as it did for BTC. Obviously the demand for the other ETFs will play into this as well.

3. We all know what happened with the BTC ETFs. Yes, price sold off initially but they have been a giant net positive for the #Bitcoin price in the end. The result is what matters and even if we'd get some low timeframe correction, that is something investors would be willing to look through more easily if the end result is a positive. Similar how stocks tend to bottom 9-12 months before the actual economy bottoms. Investors know due to rate cuts/money printing etc, stocks will go up later anyways, so they start allocating in advance. Forward looking. We didn't have an idea of what might happen with BTC and there were little fears about GBTC at the time. The market is a little smarter now :)

BTC ETFs broke all ETF records and have really shown the demand for these products. We know ETH won't get close to the same demand but even a fraction would already do wonders seeing the market cap is also about 1/3rd of BTC and a lot of the supply is locked for staking.

Further thoughts:
All in all, there is not a single person that could convince me the ETH ETFs will be a long term net negative for the space and for the ETH price.

I still think there is a lot of pricing in to do and this accelerated "Deadline" of July 2nd might find investors looking to allocate earlier than they initially planned to. We also can't forget how the SEC was basically trying to label ETH as a security only a few months ago and that the White House has made a 180 on crypto in general. All that has been undone in the span of last month.

What was interesting to me is the fact that the message of Gensler seeing S1 approval "Sometime in Summer" or even late summer, was met by a weak reaction. Investors likely figured they had plenty of time to get allocated and that short term price action was just noise.

Then yesterday's update came with a date. July 2nd. The market loves certainty and they got it. With a pretty close timeline of a little over 2 weeks.

This news is still pretty fresh but saw a much stronger reaction from ETH than the news with the vague Summer timeline from the day prior. Although the approvals were a certainty already, the closer date indicated here seems to have made a difference in price action to the news. This tells me that there's still capital waiting for the ETFs to actually go live and/or whatever happens in the short term once they go live. Additionally to thinking: "Summer will be slow so I'll just allocate later."

The market has definitely not priced in a good reaction post ETFs going live. I think there's still a lot of pessimism surrounding this launch. We don't know how bad the $ETHE selling will be and what the demand for the $ETH ETFs will be. I do like the risk/reward in the long run and feel like with expectations so low, it can almost only surprise to the upside.

I think the most important thing is to not expect the exact same as what happened with the BTC ETFs. The entire run up to it was different, the product is different, the sentiment different and the market is different.

These are just my thoughts and assumptions. Time will tell what will happen. I'm still bullish on this space for the year to come and will patiently wait for higher prices in the future.

Until then we try our best and manage with the info we have. 🤝

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Donald Trump says he will "end Joe Biden's war on crypto, and ensure that the future of crypto and the future of #Bitcoin will be made in America."

[Watcher.Guru @WatcherGuru]

BREAKING: 🇺🇸 US inflation falls to 3.3%, lower than expectations.

[Daan Crypto Trades @DaanCrypto]

We like this.

CPI Down.

FOMC to go.

[WEEX @WEEX_Official]

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[JackTheRippler ©️ @RippleXrpie]

🚨BREAKING: New @Ripple “ad” puts #XRP in the spotlight as a bridge currency for trillions of dollars!

[JackTheRippler ©️ @RippleXrpie]

#XRP is preparing for a major breakout!

[Dagnum² @Dagnum_PI]

🚨The Securities and Futures Commission (SFC) today warned the public of suspected virtual asset fraud involving a purported virtual asset trading platform (VATP) operating under the name of BitForex (Note 1).

BitForex, purportedly headquartered in Hong Kong, has neither been licensed by the SFC nor applied to the SFC for a license to operate a VATP in Hong Kong,” the SFC noted.

[Dagnum² @Dagnum_PI]

True and @krakenfx is a great a USB exchange but ask yourself this.... How did @geojamofficial $JAM get a @Gemini & @BinanceUS listing and @Conste11ation $DAG can't!?! 🤔

[Constellation² @Conste11ation]

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$DAG #crypto

[Krypto Adler @KryptoAdler]

@Bulldart_777 Looking big, pudgy 💪