{"id":28475,"date":"2024-10-03T15:04:05","date_gmt":"2024-10-03T15:04:05","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/10\/03\/wall-street-isnt-bitcoin-only-more-crypto-etfs-are-coming\/"},"modified":"2024-10-03T15:04:05","modified_gmt":"2024-10-03T15:04:05","slug":"wall-street-isnt-bitcoin-only-more-crypto-etfs-are-coming","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/10\/03\/wall-street-isnt-bitcoin-only-more-crypto-etfs-are-coming\/","title":{"rendered":"Wall Street Isn’t Bitcoin Only \u2013\u00a0More Crypto ETFs Are Coming"},"content":{"rendered":"

Nothing stops this train. <\/p>\n

No, I\u2019m not talking about the Federal Reserve money printer, I\u2019m talking about the string of ETF announcements from Wall Street and the related crypto firms servicing it this week.<\/p>\n

I\u2019m talking about today\u2019s hybrid Ethereum-Bitcoin ETF<\/a>, yesterday\u2019s XRP ETF<\/a>, and what will likely be 2025\u2019s basket memecoin ETF offering exposure to everything from PEPE to GIGA to HarryPotterObamaSonic10Inu. <\/p>\n

If you\u2019re takeaway from the arguably dismal<\/a> ETH ETF launch is that there won\u2019t be more crypto ETFs, I\u2019m sorry but you\u2019re looking past the $1 trillion price tag<\/a> on the rest of the crypto industry.<\/p>\n

Wall Street wants to sell products that make U.S. dollars, and they will continue to do things that make dollars. <\/p>\n

OK, in a bear market, maybe that\u2019s not an Ethereum ETF. But it\u2019s hard to imagine that in a world where the U.S. regulatory environment continues to become \u201cmore advantageous to the industry,\u201d and there aren\u2019t 15 to 20 of these ETFs all pumping in a bull market. <\/p>\n

Maybe you\u2019ve forgotten how in 2017 XRP pumped to $4 or DASH to $700, how in 2021, JPEGs sold for hundreds of millions. Newsflash: 80% of ETF purchasers are retail buyers, and that\u2019s according to Blackrock<\/a>.<\/p>\n

Maybe you think all our proselytizing to the likes of Rick Rubin has seeped somehow into the collective consciousness. Maybe you\u2019re betting on Kamala Harris getting elected, and that she will continue to let Gary Gensler and the SEC run roughshod over crypto. <\/p>\n

Fair enough. That\u2019s not a world I see. The Bitcoin-crypto voter constituency is here, and whether it delivers the election to Donald Trump, or it wins concessions from the Harris administration, that means more ETFs, not less. Certainly not a world where there\u2019s only a Bitcoin ETF anytime soon.<\/p>\n

Again, Wall Street is not embracing the tao of Michael Saylor, they don\u2019t see President Nayib Bukele as a developing world savant. They do not believe Bitcoin is a bulwark against money printing, and no it doesn\u2019t matter that they are writing research reports to the effect. <\/p>\n

They will say whatever they can to sell ETFs, to make USD.<\/p>\n

Because they are not convicted buyers<\/em>. They are convicted sellers<\/em>. There\u2019s a difference.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Nothing stops this train. No, I\u2019m not talking about the Federal Reserve money printer, I\u2019m talking about the string of ETF announcements from Wall Street and the related crypto firms servicing it this week. I\u2019m talking about today\u2019s hybrid Ethereum-Bitcoin ETF, yesterday\u2019s XRP ETF, and what will likely be 2025\u2019s basket memecoin ETF offering exposure […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28475","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/28475"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=28475"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/28475\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=28475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=28475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=28475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}