Collective Shift cover logo

Bitcoin ETFs Bigger Than Silver; Ethereum’s Next Catalysts; Jupiter Airdrop on Solana

38m · Collective Shift · 23 Jan 21:00

Matt, Nick, and Leon discuss whether the Bitcoin ETF launches were successful. They also share updates on Ethereum’s upcoming catalysts as well as various altcoins.

Key Takeaways

  • The recently launched Bitcoin ETFs already have nearly $30B in assets under management, surpassing the $11B held in silver ETFs.
  • As expected, the SEC delayed a decision on Fidelity’s spot Ethereum ETF application. The dates to watch are May 23 and May 24 because the SEC must approve or deny two active applications.
  • Testing of Ethereum’s upcoming ‘Dencun’ upgrade continued with some minor hiccups. While there is no official mainnet launch date yet, many expect Dencun in late March or early April.
  • Jupiter confirmed its JUP token will launch on January 31. In a year that will feature many airdrops, JUP is one of the most highly anticipated.

The episode Bitcoin ETFs Bigger Than Silver; Ethereum’s Next Catalysts; Jupiter Airdrop on Solana from the podcast Collective Shift has a duration of 38:45. It was first published 23 Jan 21:00. The cover art and the content belong to their respective owners.

More episodes from Collective Shift

Donald Trump Backs Crypto & Memecoin Mania Returns

Join Matt and Nick as they break down this week’s key market event; the spot Ethereum ETF applications; the SEC’s potential lawsuit against Robinhood; Donald Trump’s pro-crypto speech; memecoin prices soaring; altcoin updates; and more.

Key Takeaways

  • The market continues to trade sideways ahead of this week’s inflation data in the U.S. Consensus forecast is 3.4%, which would be slightly lower than the 3.5% recorded last month.
  • The SEC flagged its intent to sue Robinhood in relation to its crypto offerings. Unlike previously, Robinhood plans to defend a would-be lawsuit.
  • Bitcoin ETFs saw net inflows for the first time in five weeks. A major asset manager in Boston was revealed to hold roughly $360M worth of bitcoin ETFs.
  • The spot Ethereum ETF application is still widely expected to be denied. The SEC must approve or deny VanEck’s application by May 23.
  • U.S. presidential candidate Donald Trump spoke positively about crypto, contrasting the views held by the Biden administration. Time will tell whether he is just trying to win votes.
  • ‘Roaring Kitty’, a key figure behind the ‘meme stock’ mania of 2021, posted on social media after a long hiatus. This caused memecoins to rally.
  • Among the altcoin updates covered: Infinex announces 30-day campaign; EigenLayer opens token claim window; and Botanix Labs secures funding.

Crypto Prices Rebound; Binance Founder Gets Prison Sentence & EigenLayer Airdrop Uproar

Join Matt and Nick as they discuss the price volatility in the crypto market; the U.S. central bank’s latest rate decision; the prison sentencing of Binance’s co-founder; weakening demand for spot Bitcoin ETFs; EigenLayer controversy; altcoin updates; and more.

Key Takeaways

  • The crypto market slid further, with BTC declining to as low as $56,500 for the first time since late January. Standard correction as far as crypto bull markets go.
  • The U.S. central bank’s policy update was largely in line with market expectations. The likelihood of a rate cut by September increased on the back of weaker-than-expected jobs data on Friday.
  • Binance’s co-founder and former CEO was sentenced to four months in prison. Risks associated with Binance have decreased significantly in the past year.
  • Demand for spot Bitcoin ETFs in the U.S. continued to weaken. Accessibility to these ETFs should only increase in the months ahead.
  • Among the altcoin updates covered: EigenLayer airdrop controversy; Telegram Open Network (TON) momentum; and Aave V4 plans.

Payments Giant Stripe Reopens Crypto Payments & Why Prices Are Sliding

Join Matt and Nick as they break down the busy week ahead in the macro economy; Stripe’s return to crypto payments; Morgan Stanley bitcoin ETF rumours; altcoin updates; and more.

Key Takeaways

  • The crypto market continues to slide, with ETH a notable outperformer among the majors.
  • This week’s policy update from the U.S. Federal Reserve will likely impact investor sentiment. Other macro factors to monitor are the U.S. Treasury’s refinancing announcement and the weakening Japanese yen.
  • Major payment company Stripe announced it will once again support crypto payments. Support will initially be for the USDC stablecoin.
  • Morgan Stanley is reportedly preparing to allow its 15,000 brokers to recommend that customers buy spot bitcoin ETFs on an unsolicited basis. Accessibility to these ETFs should only expand as the year continues and should increase demand for BTC.
  • Among the altcoin updates covered: Hedera and BlackRock confusion; Jupiter Mobile Initiative; and Stacks rolling out long-awaited ‘Nakamoto’ upgrade.

Bitcoin Halving; Altcoin Market Pain & Hong Kong Approves ETFs

Join Matt and Nick as they break down the Bitcoin halving; the rollercoaster week for cryptocurrency prices; worsening sentiment towards altcoins; Hong Kong approving spot Bitcoin and Ethereum ETFs; and more.

Key Takeaways

  • Bitcoin (BTC) dominance rose to three-year highs amid what was one of the most volatile weeks for cryptocurrencies in recent memory.
  • Bitcoin’s fourth halving came and went. There are now roughly 450 BTC being mined per day.
  • Hong Kong approved the launch of spot ETFs for BTC and ETH. While Hong Kong’s ETF market is miniscule, relative to the U.S., these approvals help investors gain convenient exposure to BTC and ETH.
  • Among the altcoin updates covered: Solana’s network update, Arbitrum BOLD and Jupiter’s LFG Launchpad (Round 2).

Crypto Price Rollercoaster; Bitcoin Halving & Uniswap Labs Bracing For Major Legal Battle

Join Matt and Nick as they explain the recent volatility in crypto markets; the Bitcoin halving; why SEC vs Uniswap Labs is among crypto’s most important legal battles to date; Ethereum’s next upgrade; and more.

Key Takeaways

  • The market experienced some of the highest volatility of this bull market so far, triggered by Iran’s attack on Israel. This volatile price action flushed out hundreds of millions of dollars in positions.
  • The next Bitcoin halving is set for April 20. Very hard to predict which way prices will go in the days after the halving.
  • Uniswap Labs said it received a Wells notice from the SEC, indicating that it will likely be sued in the coming weeks or months. Should the lawsuit be filed, it has the potential to be among the most important legal cases to date with regard to altcoins in general.
  • Among the altcoin updates covered: Monad Labs’ monster investment round and EigenLayer’s mainnet release.
Every Podcast » Collective Shift » Bitcoin ETFs Bigger Than Silver; Ethereum’s Next Catalysts; Jupiter Airdrop on Solana