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75 sats \ 2 replies \ @grayruby 25 May \ on: Donald Trump and ETH ETFs conspiracy
Yes, I think the shifted stance on crypto was very politically motivated. It will be interesting to see the hoops they jump through now to ensure 50 other tokens don't get etfs. But I don't know how they will concoct a legal argument that eth is different than solana, or cardano, or dog money.
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70 sats \ 1 reply \ @siggy47 25 May
I don't think they can. Welcome to the next casino sponsored by Uncle Sam.
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65 sats \ 0 replies \ @grayruby 25 May
I think a few more will get approved but they won't have much demand so wall street and issuers likely get bored with them quickly. I don't think tradfi investors are clamouring for a bunch of crypto etfs. I could see maybe some demand for a crypto index fund that just holds all the crypto etfs in proportion. I think people are dumb enough to buy that.
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