Trump’s Bitcoin Speech & Ethereum ETF Week Begins

Join Matt and Nick as they break down the strong bounceback in crypto prices after a week that involved BlackRock CEO Larry Fink touting Bitcoin, Trump naming a pro-crypto vice presidential nominee, and more. They also preview a week that is likely to feature the launch of spot Ethereum ETFs in the U.S. and presidential candidate Donald Trump speaking at the world’s largest Bitcoin conference.Key TakeawaysBTC, ETH and SOL all hit their highest prices in at least five weeks. Notably, this coincided with stock markets suffering one of their worst weeks of the year.BlackRock CEO Larry Fink shared his bull case for BTC. Given his power and influence, it’s hard to understate how significant it is to now have Fink flying the flag for Bitcoin.The spot Ethereum ETFs are widely expected to launch this week in the U.S. Don’t expect ‘the Grayscale factor’ to be as relevant as when the Bitcoin ETFs launched in January.It is extremely difficult to predict the initial level of demand for these ETFs. However, it does feel as though the market is not pricing in a rather tempered launch. If this is true, the ETFs would have to seriously flop in order for ETH’s price to fall.The Mt. Gox trustees started sending BTC to exchanges, who will then distribute it to individual creditors. Within the next few months, expect the vast majority of these redistributions to have been completed.U.S. presidential candidate Donald Trump will speak at Bitcoin 2024, the world’s largest conference on all things Bitcoin.Among the altcoin updates covered: Polygon’s upcoming token migration and Grayscale’s decentralised AI fund.