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Something for your Espresso: Crypto(pti)-mism is back!

The sudden optimism around the ETH spot ETF approval has reignited Crypto optimism. Another sign that monetary policy is probably not overly tight here and that liquidity is flowing still.
2024-05-21
<a href="https://stenoresearch.com/author/andreas/" target="_self">Andreas Steno</a>

Andreas Steno

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Morning from Greece!

Bloomberg increased their subjective assessment of a spot Ether ETF approval to 75% yesterday after a series of u-turn events within the SEC. Our Crypto Analyst Mads Eberhardt has been 100% on top of this throughout and kept reiterating that it would prove to be politically opportune to approve the ETF. We will get the final confirmation by the end of business on Thursday.

We have Crypto(pti)-mism back accordingly and Bitcoin is back at above the important 70k handle, while ETH is charging aggressively for the 4k handle peak from March.

Chart 1: Optimism is back!


The sudden optimism around the ETH spot ETF approval has reignited Crypto optimism. Another sign that monetary policy is probably not overly tight here and that liquidity is flowing still.

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