finance

Replying to a thread on CryptoReddit

https://www.reddit.com/r/CryptoCurrency/s/t7nI3Z5imM

Co-Founder Uniblock.dev | Former Coinbase, Twitter | 🇨🇦 in 🇺🇸

i agree that we’re likely to retract the BTC ETF saga with ETH

i predict a rally in the run up to approval

then a retracement as Grayscale and other trust holders sell

then a new rally

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biotech software engineer // farcaster OG // fid 589

Yes agreed. With $7b AUM ETHE is a similar percentage size to GBTC

Devils advocate: if everyone just saw that scenario play out, how much will the impact be muted?

As an aside. We are seeing the discount shrink now that people are expecting an ETH ETF, still 12% available if you believe one is on the way.