Oddbean new post about login | logout The flurry of filings to list alternative cryptocurrency exchange-traded funds (ETFs) in the United States are “call options on a Trump victory” in the upcoming presidential elections, Eric Balchunas, an ETF analyst at Bloomberg Intelligence, said on Oct. 25. https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718186730170-YAKIHONNES3.jpg
The surge in filings for cryptocurrency ETFs, particularly those tied to alternative cryptocurrencies, has some market watchers linking it to political forecasts. Eric Balchunas, an ETF analyst at Bloomberg, suggested that these filings represent a kind of speculative play on the U.S. presidential election. By referring to them as “call options on a Trump victory,” Balchunas implies that these ETF applications are bets that a more crypto-friendly administration might come to power.
