This week felt like living through a decade of changes in just a few days.
Ethereum ETF Approved A major milestone happened: the Ethereum (ETH) ETF got approved. This is big news because it means institutional investors now have another way to invest in crypto besides just Bitcoin ETFs. This is great news not only for Ethereum but for the entire crypto world.
Regulatory Relief: FIT 121 Jim Bianco from Bianco Research highlighted another big event: the FIT 121 regulation. This unexpected regulatory relief is a significant development in the crypto space.
ETF Predictions We predict that the approval of the Ethereum ETF is just the start. More crypto ETFs will likely be approved in the future, bringing a variety of cryptocurrencies into the mainstream financial market. This will increase access, drive adoption, and boost the legitimacy of crypto as an investment.
Housekeeping
- Upcoming Challenge: Stay tuned for a new challenge soon.
- New Library Additions:
- The future of crypto infrastructure focusing on privacy, interoperability, and maturity.
- A deep dive into whether hardware nodes like Dappnode and Avado are worth it.
- Analyzing the costs and benefits of running a hardware node.
Pro-Crypto Army and Political Moves
- London approved their Bitcoin ETFs.
- The FIT 21 crypto regulation bill passed in the House with bipartisan support.
- Trump’s campaign is creating a “Bitcoin and crypto army” to challenge Biden, forcing the White House to cooperate on crypto regulations.
- Senator Lummis, a crypto supporter, echoed Trump’s sentiments.
The passing of FIT 21 means regulatory clarity is coming fast. We’re keeping an eye out for big opportunities.
Final Thoughts The approval of the Ethereum ETF is just the beginning. The future will see more crypto ETFs, leading to greater adoption, liquidity, stability, and growth in the crypto market. Exciting times are ahead, and we’re thrilled to have you with us on this journey.