SEC Approves ETHEREUM ETF Applications - Overview

SEC Approves ETHEREUM ETF Applications - Overview

Episode Transcript

(00:00):
I haven't thought about this in along time. Well, it happened.
I knew what was gonna happen.Is just a matter of time that the
ethereum ETF is on its way formaximum approval and maximum acceptance, just like

(00:23):
the Bitcoin ETF. Things are gonnaget really interesting, right And so,
as you can probably imagine, Ihave been deep diving back into ethereum for
the last thirty days and I've comeout of it. I have three very
interesting videos to give you guys Xsubs first, so the rest of you

(00:47):
guys will get it after, butI'm going to give you the overview now.
Metallic must be very happy, especiallywith this SEC approved. They've approved
all ethereum ETFs. Hmm, let'sdelve into the specifics of these ETFs,
my friends. Let's do it sovery simply. The SEC has approved all

(01:12):
spot ethereum ETFs, a historic decisionthat comes five months after the approval of
the spot bitcoin ETFs. And thisis the reason why I've been going down
the rabbit hole. This is thesecond crypto based ETF approval in the US,
further increasing Ethereum's accessibility for institutional investorsin terms of the applications and approval.

(01:37):
There has been eight ETF applications,including van K, black Rock,
and Fidelity. They all received regulatoryapproval this last week on May twenty third.
Hashtacks was the only issuer not approvedthat day. But I promise you
they're most likely going to be approved. Despite the approval, the instruments won't
be available on exchanges immediately. Applicantsmust first secure approval S one registration statements,

(02:02):
which could take a few weeks toseveral months. I'm expecting several months
in terms of my timeline. NowI'm no expert here in ETFs, but
in terms of my expected timeline,and this is mostly coming from a couple
of analysts, Bloomberg analyst James Seffertsays that the approval process for S one

(02:23):
regulation statements could take up to fivemonths. Bloomberg analyst Eric about Chunis predicts
mid June. Though, so somepeople are moving fast, some people are
moving slow. Could be two weeks, could be two months, could be
five months. Regardless, you're nothere for that. You're here for the
market reactions and the projections that isgoing to come from this. The market's

(02:46):
reaction to the SEC's approval has beenLet's be honest, it's June fifth,
relatively mixed. Ethereum's price has increasedjust about one percent following the announcement,
training at at about thirty eight hundredat the time of approval and later dropping
three point five percent to thirty sevenhundred. If I'm intellectually honest, that's
where I bought. Some expectations forSpot ethereum ETFs are high, with analysts

(03:10):
predicting that they could attract ten totwenty percent of the flows of the Spot
of flows similar to the Spot bitcoinETF. Now, remember the Spot bitcoin
ETF has accumulated over thirteen point threebillion in net inflows, suggesting Spot Ethereum
ETFs could potentially see about two pointsixty six billion in inflows. Relatively In

(03:31):
terms of some of the challenges ahead, well, there could be some significant
ones. Although the approval is asignificant milestone and for many ethereum heads,
you guys are going to be veryhappy with this, there are going to
be some challenges ahead, at leastfrom what I see. The SEC's approval
came from its Trading and Markets unit, and the SEC Commissioner can change this

(03:51):
decision within the next couple days orso. Additionally, the process of securing
an S one registration statements could delaythe ETS availability on exit changes. Applicants
like van Ck have quickly filed theiramending s ones following the nineteen B four
approval, and other application applicants areexpected to follow suit. Now there's a

(04:12):
big consideration, and they talked aboutit, the Bloomberg analysts did in terms
of the surveillance and market integrity andhow this is going to essentially affect the
overall meta of the market. Now, the SEC was impressed by the ETF
applications from issuers such as van k, Are, twenty one Shares, HASHTCKS,
Investcode, Galaxy, Franklin, Templan, Fidelity, and of course,

(04:32):
of course the reason why we're allhere Blackrock. These applications demonstrated comprehensive surveillance
sharing agreements with the Chicago Mercantelic Exchangeor the CME through their common membership in
the Intermarket Surveillance Group, helping preventfraud and manipulation. All that to be
said is that it seems like theapplicants for these ethereum ETFs have done their

(04:56):
diligence effectively well. Number one andnumber two, they have been absolutely thorough
in their entire perspectus for the riskand security considerations of allowing the world access.
So I've been spending about the lastthirty days or so really digging into
this, and I've put together somereally interesting videos. I'll give you the

(05:19):
titles here now just so you canthink about what I've been thinking about.
The first one is is ethereum abet on web three? The second video
I'm going to send you guys isten thoughts on ethereum adoption. I haven't
thought about this in a long time. And finally, why we're all here

(05:43):
Ethereum ETF. I have six ideasas to why this could be an exceptional
marketplay, but I also have sevenquestions that I think are worth noting.
Could this ethereum ETF be a gamechanger? If you follow if you follow
Elliott wave patterns right a fancy wayof saying, essentially market sentiment and the

(06:10):
emotions of the market. I'll tellyou this bitcoin ETF and now this etherium
ETF. They have created some frothiness, some and they have moved the bitcoin,
at least the bitcoin price outside ofthe expected trajectory that at least I
was expecting, So I wonder whatis Ethereum going to do to Bitcoin