Citizen Daily Brief

Is the ETH ETF Happening? ($)

gm Bankless Citizen, it's a grim day for crypto prices, but should you place your hopes on a spot ETH ETF?
Jan 18, 20243 min read
Is the ETH ETF Happening?
Published on Jan 18, 2024
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Trump's Crypto Promise
  1. 🏛️ Trump makes CBDC promise. A digital dollar appears far from imminent, but former President Trump wants to make it clear he will "never allow" a CBDC in the US via his latest speech.
  2. 🧡 Tether owns $2.8B in BTC. The stablecoin issuer bought nearly $400M in bitcoin last quarter and now holds 66,465 BTC, which the company says it has purchased with profits.
  3. 🔄 Jim Cramer concerns. After a bearish week for crypto markets, Jim Cramer warned investors that "we are very far from the bottom in crypto," a warning that likely relieved plenty of crypto buyers.
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Treasuries Get Liquid

📊 Ondo token release. Tokenized real-world asset issuer Ondo Finance conducted its token sale in May 2022, and early apes have been waiting nearly a year and a half for liquidity! Today, they finally received it. How can you capitalize on the ONDO opportunity?

Prices as of 4pm ET 24hr 7d
Crypto $1.62T ↘ 3.9% ↘ 8.5%
BTC $40,870 ↘ 4.2% ↘ 11.8%
ETH $2,444 ↘ 3.6% ↘ 6.4%
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Is the ETH ETF Happening?
Bankless Author: Jack Inabinet

Spot BTC ETFs arrived last week, but investors have already shifted their attention to ETH's institutional opportunities. In today's report, analyst Jack digs into the major questions surrounding the spot ETH ETF:

  • Are spot ETH ETFs getting approved?
  • Why would spot ETH ETFs get denied?
  • Are spot ETH ETFs bullish?

Check out the full analysis 👇👇👇


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Latest Hunt: StackingDAO

It's Airdrop Season! Bitcoin Stacks liquid staking network StackingDAO just went live with its points system. We've added four quests to its page on Airdrop Hunter. Check them all out! 👇

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.