Ethereum Price Soars on Shock ETF Approval & Trump Doubles Down on Crypto Support

Collective Shift

Join Matt and Nick as they break down the latest market uptick; the state of Wisconsin’s investing in Bitcoin ETFs; the U.S. Senate voting to override an anti-crypto rule; Solana vs Ethereum; altcoin updates; and more.

Key Takeaways

• The U.S. SEC shocked the market by approving all eight spot Ethereum ETF applications. No indication of when these ETFs will go live. The issuers still need to get their filings approved, which may take months.
• ETH rallied by more than 20% after news circulated that the SEC was all of a sudden likely to approve the ETFs.
• U.S. presidential candidate Donald Trump doubled down on his support of crypto, pegging himself against the Biden administration. While it’s unclear whether Trump is simply just trying to win votes, it’s encouraging to see increased publicity surrounding crypto.
• Among the altcoin updates covered: Chainlink’s involvement in another asset-tokenisation pilot and Uniswap Labs’ response to the SEC’s Wells notice.