Not to burst anyone’s bubble, but the court ruling that forced the SEC to accept bitcoin ETFs is going to apply equally to ETH. Expect an ETH ETF soon.


Gross.


I hope it’s wildly successful and one custodian acquires all of the stake


let the market to decide, I'm ok with that shit


Remember the ETH futures ETF? No one does lol


ETH who?


I don’t think the CIA is fighting for ETH legitimization so I don’t think this will happen


Ban all 3 letter acronyms.


This is more likely to augment the bubble than burst it 🙂


all of the stake steak in the space


That’s going to be hilarious.


If ETH gets an ETF, proof of stake = a fully captured network within days (not that it isn't already)


Curious to see if the ETFs will be allowed to stake, I assume they will.


No one will buy it because it sucks.


I doubt it. Thats an additional risk to the holders


Don't see why they wouldn't. The custodians surely will want to stake cuz yield


Have people been anticipating and talking about an ETH ETF? Are there pending applications?


Unfortunately, people buy things that suck all the time.


IT'S ALL NOISE JUST VOTE FOR BETTER MONEY


Good for those that lose their money. This is called Natural Selection; it’s necessary.


Let ETH and all proof of stake shitcoins have their shot.  Bitcoin will win.


Hm, tough to say. If they allow it if expect it then be in separate products - one with and one without staking. Staking looks and smells like rehypothecating or stock lending. I think/hope the largest ETFs do not do this but I’m not certain.

Nice work on WBD the other day. Always appreciate your thoughts. Cheers.


Meh. Let 'em have at it


Your message is garnering a lot of interest.
Added to the https://nostraco.in/hot feed


Not to burst anyone’s bubble, but the court ruling that forced the SEC to accept bitcoin ETFs is going to apply equally to ETH. Expect an ETH ETF soon.


Gensler has walked back previous comments that ETH also being a commodity. ETH may face more scrutiny since the SEC is suggesting ETH may be an unregistered security and frankly given the high centralization of the project and the premining, a strong case exists.


Yea, dunno, gensler may use staking as an excuse to reject an ETF so maybe they won’t. If the custodian gets to decide I’m sure they’ll stake. Free profit (and own the network lol).


Oh noes the People's Front of Judaea vs. the Judaean People's Front.


While a BTC ETF can arguably make bitcoin stronger (higher market cap -> more profitable miners -> higher hashrate), so has the ETH equivalent  the potential to make ETH the most centralized crypto if the issuers (or custodian) stake the undelying ETH. And why wouldn’t they!


Do you want some of my Enron shares.


Sure.


So?


Is ETH still a thing?


crypto for humanity


People still use mEth? goodness gracious


So. Makes no difference


A great ticker for an ETH ETF would be SCAM


Except eth is a security, not a commodity


“Importantly, today’s Commission action is cabined to ETPs holding one non-security commodity, bitcoin. It should in no way signal the Commission’s willingness to approve listing standards for crypto asset securities. Nor does the approval signal anything about the Commission’s views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws. As I’ve said in the past, and without prejudging any one crypto asset, the vast majority of crypto assets are investment contracts and thus subject to the federal securities laws.”

https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023


"They're animals, so let them lose their souls."  The Godfather


Bursting ETH bubble, what?


It'll just be the Coinbase® Network. Then Blackrock can tokenize assets and we'll have ETH-TFs. Shitcoin Inception.


Okay, Matt, you called it 👍 But, be honest, was this really your expectation a week ago before politics stepped in 😉 So, willing to share an opinion? Good or bad for bitcoin?


Yes, yes it was.


i want people to lose $ millions on ETH the same way I want the Fed to print to infinity and the Govt to spend to infinity.

this is the best thing!