Latest / The Paul Barron Crypto Show / Ethereum ETF Reaches $1 Billion in First Day

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Ethereum ETF Reaches $1 Billion in First Day · The Paul Barron Crypto Show

0:08
Speaker 1: All right, guys, let's jump into it today. We're doing
0:09
Speaker 1: an early live stream and of course this is post
0:12
Speaker 1: ETF for Ethereum day, and we'll talk about a recap
0:15
Speaker 1: here what's been happening and also what could this look
0:19
Speaker 1: like in the near future for Ethereum. My name is Swelberon.
0:23
Speaker 1: Welcome back in the tech path. All right, let's get
0:25
Speaker 1: into it today. My voice is a little horse, but
0:27
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Speaker 1: and start your trade journey. All right, let's get into
1:17
Speaker 1: it today. A couple of things happening, of course with Ethereum.
1:21
Speaker 1: Throughout we saw some of the volumes come in. I'm
1:23
Speaker 1: gonna zoom in on this right here on Eric's tweet.
1:27
Speaker 1: Day one in the books for eth a billion in volume,
1:31
Speaker 1: which is pretty significant, twenty three percent of the spot
1:34
Speaker 1: bitcoin etf on their first day, Etha did twenty five
1:37
Speaker 1: percent of Ibit's volume. Pretty significant actually if you look
1:41
Speaker 1: at that. But there's ethe with gray scale of course,
1:44
Speaker 1: the big one. I think this will turn around much
1:47
Speaker 1: faster for black Rock and Fidelity as they continue to
1:53
Speaker 1: scale up in terms of inflow. I anticipate this first
1:56
Speaker 1: seven days is going to be very interesting to watch.
1:58
Speaker 1: This is a very key and credit time, especially as
2:02
Speaker 1: we start to see some pressure on the S and
2:04
Speaker 1: P and I'll talk about that in a second, because
2:07
Speaker 1: there are some things happening over there within that. If
2:10
Speaker 1: you look at the tracker, you guys can follow along.
2:13
Speaker 1: There is one over on block works you can kind
2:15
Speaker 1: of toggle between bitcoin an ethereum. It's a pretty cool
2:19
Speaker 1: little tool tracking all of the current assets under management
2:22
Speaker 1: and the volume. So check that out. You've got to
2:25
Speaker 1: see some of the activity from bit wise, Volkyri, all
2:28
Speaker 1: the different ones that are out there running within whether
2:32
Speaker 1: it's a futures or a spot program, So you guys
2:34
Speaker 1: can scan through all those, make sure and drop some
2:38
Speaker 1: questions in Over on the side, we'll try to get
2:40
Speaker 1: to as many as we can. I want to go
2:42
Speaker 1: over to a few clips here. This is Eric Balshunis. Again.
2:46
Speaker 1: If you don't know Eric, like I said, maybe you're
2:48
Speaker 1: new to a channel. He's been on our show a
2:49
Speaker 1: couple of times. He is one of the lead analysts
2:52
Speaker 1: on ETFs of all type. Okay, so he looks at
2:54
Speaker 1: every kind of ETF, not crypto, just every kind of ETF.
2:58
Speaker 1: He and Jeff Sifer do a really job. And take
3:02
Speaker 1: a look at this clip. I think this will kind
3:03
Speaker 1: of give you a recap.
3:06
Speaker 2: Solid is what I would go. I would say a
3:08
Speaker 2: solid A maybe not an A plus. You know, our
3:11
Speaker 2: prediction was that these things would take or do about
3:14
Speaker 2: twenty percent of what the spot bitcoinyts did, and they
3:17
Speaker 2: did twenty three percent. I would say, anybody who's an
3:20
Speaker 2: ether person should be really happy with this. This is solid.
3:25
Speaker 2: Twenty percent may seem like, well, you know, I'm a
3:29
Speaker 2: little jealous, but the big twentyts was the biggest launch
3:32
Speaker 2: ever and beyond normalcy, like almost like an anomaly in physics.
3:38
Speaker 2: So it'd be like saying, hey, would you like twenty
3:42
Speaker 2: percent of Bill Gates's worth a net worth? And you'd
3:44
Speaker 2: be like, hell yeah. Compared to a normal launch. I mean,
3:47
Speaker 2: these blew These blow everybody away.
3:50
Speaker 1: All right. So the point to really understand here if
3:53
Speaker 1: you're trying to really kind of fit the blocks in
3:57
Speaker 1: their spot. You know, when you look at ETFs in general,
3:59
Speaker 1: maybe you're a regular investor. Again, we don't give investment advice,
4:02
Speaker 1: but we do a lot of analysis and news run up.
4:05
Speaker 1: And one of the things that's interesting to me is
4:07
Speaker 1: the fact that ethereum is still a very innovative technology
4:12
Speaker 1: and a lot of people don't necessarily know about it.
4:14
Speaker 1: But I believe we're going to see a lot of
4:17
Speaker 1: quick studies now coming from the asset managers that are
4:21
Speaker 1: in the space starting to learn about what ethereum is doing,
4:24
Speaker 1: and the fact that it got twenty three percent of
4:26
Speaker 1: what happened with bitcoin, the biggest one ever is super respectable.
4:30
Speaker 1: I think Eric was actually downplaying in a little bit
4:32
Speaker 1: more because I think that was very, very great in
4:36
Speaker 1: terms of performance. Now what to watch for is kind
4:39
Speaker 1: of the next thing. In the same interview they go
4:41
Speaker 1: a little bit deeper on this. Listen to what he
4:43
Speaker 1: had to say.
4:44
Speaker 2: The other thing I'm looking for is just you know,
4:48
Speaker 2: how the messaging plays out. I saw Bitwise's attempt at it.
4:52
Speaker 2: I saw black rocks, you know ether to me, it
4:56
Speaker 2: potentially has more angles you can approach it from. So
4:59
Speaker 2: I'll be interest to see the marketing and how that
5:02
Speaker 2: is different by issure. Again, this is such an interesting
5:06
Speaker 2: case study analysts because you've got all these launching on
5:10
Speaker 2: the same day, so you sort of have a lot
5:11
Speaker 2: of variables removed and you can sort of then isolate
5:15
Speaker 2: things like fees, but all the fees are the same,
5:17
Speaker 2: so then you know, it really comes down to marketing
5:20
Speaker 2: and hustle and size, and so it helps us get
5:22
Speaker 2: some knowledge for like what works in the ETF market overall. So,
5:27
Speaker 2: like I said, this is it's small relative to the
5:31
Speaker 2: whole size of the ETF market. But is a very
5:34
Speaker 2: useful case study for an analyst to monitor, so we
5:37
Speaker 2: will look at all angles of it.
5:39
Speaker 1: I think there's going to be a lot of you know,
5:42
Speaker 1: aftermath on this, both on the analysis side, but also
5:46
Speaker 1: in the predictive side in terms of where the asset
5:50
Speaker 1: is going to be going, because you'll see in most cases,
5:53
Speaker 1: as I said, you'll see a lot of marketing behind this.
5:56
Speaker 1: You're going to see some strategic moves I think behind
5:58
Speaker 1: some of the asset managers themselves that I think will
6:02
Speaker 1: be key. And the thing if you look at the
6:05
Speaker 1: ethereum chart right now and our poll out there for
6:08
Speaker 1: some of you is looking at do we hit thirty
6:11
Speaker 1: two hundred first from here or does eth run up
6:17
Speaker 1: to thirty eight hundred, which would get us back into
6:19
Speaker 1: almost the high for this particular season, not quite all time.
6:23
Speaker 1: But do we get back in this thirty eight hundred
6:26
Speaker 1: range or do we come back down in here into
6:28
Speaker 1: this thirty two thirty hundred, Yeah, thirty two hundred range first?
6:32
Speaker 1: Which one do you think is going to happen? Because
6:34
Speaker 1: right now we're going a little bit sideways on ethereum.
6:36
Speaker 1: I'd love to get you guys feedback a couple of
6:38
Speaker 1: points right now we are using our MSI indicator. These
6:41
Speaker 1: are great trailing stops that indicate on sentiment, and of
6:45
Speaker 1: course we do a full sentiment analysis right here on
6:48
Speaker 1: the four different markers we look at, which is the
6:51
Speaker 1: overall trade volume and net and then the average. So
6:54
Speaker 1: right now, looking bullish that we might see a little
6:58
Speaker 1: bit of a move on Ethereum, I want you up.
7:00
Speaker 1: And this is one of the things that remember with bitcoin,
7:03
Speaker 1: we saw a little bit of pop and then a
7:04
Speaker 1: downturn and then basically a skyrocket, which is what we
7:07
Speaker 1: saw with Bitcoin after its ETF. I want to go
7:10
Speaker 1: to a couple more clips here because this is Matt Hogan,
7:13
Speaker 1: and Matt Hogan goes into bitwise, goes a little bit
7:16
Speaker 1: into more impressions on what he thinks is going to
7:20
Speaker 1: happen here from an outlook standpoint, take a look.
7:23
Speaker 3: Yeah, it's been an incredible reaction, to be honest, it's
7:25
Speaker 3: exceeded my expectations. Through lunchtime, we had about half a
7:29
Speaker 3: billion dollars traded in these new ETFs. By comparison, the
7:34
Speaker 3: average ETF trades about a million dollars on its launch day,
7:37
Speaker 3: So it's shaping up to be the second most successful
7:40
Speaker 3: ETF launch of all time, after of course, the Bitcoin ETFs,
7:43
Speaker 3: and we expect to see strong flows into ETHWW, the
7:48
Speaker 3: bitwise Etheroryum ETF when we close out later today. Long term,
7:52
Speaker 3: as we look into twenty twenty five, we've ventured the
7:55
Speaker 3: ETF era of crypto. We're going to see ETFs on
7:58
Speaker 3: multiple crypto assets, going to see index based ETFs. You've
8:02
Speaker 3: already seen firms filing for Salana ETFs. The thing we've
8:06
Speaker 3: learned from the Bitcoin and Ethereum ETF launches is that
8:10
Speaker 3: ETFs work in this asset class. They lower costs, they
8:14
Speaker 3: raise protections, and investors want them. I think we'll see
8:17
Speaker 3: a wide array in the next year or two.
8:20
Speaker 1: I think that's a huge statement coming from Hogan. He
8:23
Speaker 1: understands the markets, and I think more importantly, he understands
8:26
Speaker 1: kind of the mindset of major investors. And this could
8:30
Speaker 1: come from private offices. What we'll see coming into the
8:33
Speaker 1: market in terms of high networth individuals and a lot
8:36
Speaker 1: of major asset managers in terms of their psyche and
8:39
Speaker 1: how they present an asset class. And I think the
8:41
Speaker 1: fact that we are going to see more ETFs coming
8:44
Speaker 1: in on all sorts of crypto projects only strengthens the
8:48
Speaker 1: market as a whole. He talks a little bit further
8:51
Speaker 1: about why people would want anything outside of bitcoin and ethereum,
8:56
Speaker 1: because many people would say, hey, that's really all you
8:58
Speaker 1: really need, or is there some thing else here? Take
9:01
Speaker 1: a look.
9:02
Speaker 3: So I think the biggest reason they want additional assets
9:04
Speaker 3: is just diversification. But there's also an element of these
9:07
Speaker 3: smaller assets like Solana that have significant momentum, so there's
9:11
Speaker 3: some that want to speculate on those individual assets. But
9:15
Speaker 3: I think the big play for institutions, family offices, and
9:19
Speaker 3: financial advisors is actually just owning the field, owning bitcoin,
9:23
Speaker 3: owning ethereum, eventually owning other assets, maybe owning crypto equities.
9:28
Speaker 3: They want to do the same thing they do in
9:30
Speaker 3: stocks and bonds, which is diversify and own the asset.
9:33
Speaker 1: Class simple investments guys, Diversification always a smart route. And
9:40
Speaker 1: if you look at some of the investors, especially as
9:44
Speaker 1: they start to venture into crypto, because this is going
9:47
Speaker 1: to be new for a lot of people, so you
9:49
Speaker 1: have to remember that that we're in the very early
9:51
Speaker 1: stages of where this market, in this asset class could
9:54
Speaker 1: be going. So it's going to be kind of a
9:57
Speaker 1: tread into the water, figure out which one is the best,
10:00
Speaker 1: look at the speculative type assets, whether it's Salona Avalanche,
10:04
Speaker 1: many others that I think will make their way into ETFs,
10:07
Speaker 1: and then starting to play the game. That's the typical
10:10
Speaker 1: you know, mo of investors. Many people though, are asking, well,
10:13
Speaker 1: why didn't eath run? You know, I've had many asset
10:16
Speaker 1: managers that I talked to within my own circle. Had
10:18
Speaker 1: a text with one of them last night. He and
10:20
Speaker 1: I got back and forth on it. And he's not
10:23
Speaker 1: a big air Ethereum fan, but I'll just leave it
10:25
Speaker 1: at that. But he's he's out there giving the positions
10:27
Speaker 1: why here's why the Ethereum asset itself didn't run. With
10:32
Speaker 1: the ETF launch. A couple of points within this, there
10:36
Speaker 1: was a chance that there was kind of this buy
10:38
Speaker 1: the rumor and sell the news situation. That's typical of
10:42
Speaker 1: almost any major event out there, whether it's crypto, you know,
10:46
Speaker 1: s and P five hundred, doesn't matter, stock sponds, you
10:48
Speaker 1: name it. If there's major events that are occurring, especially
10:52
Speaker 1: if you look at things like even interest rates that
10:55
Speaker 1: are going to be dropping, even inflation. When we look
10:58
Speaker 1: at the CPI starting to adjust down. This is typical
11:01
Speaker 1: of almost any out there. Many people probably looked at
11:04
Speaker 1: this as a kind of selling the news position, and
11:08
Speaker 1: if you look further into it, institutional inflows important. The
11:13
Speaker 1: mood of the market as a whole still muted because
11:15
Speaker 1: retail investors do not participate. That's the other factor we
11:18
Speaker 1: haven't necessarily seen. Bitcoin suffered a similar fait before witnessing
11:21
Speaker 1: a significant inflow and then recovering almost seven to seventy k,
11:25
Speaker 1: which we saw pretty much happen right in front of us.
11:27
Speaker 1: So a lot of things I think that are still
11:30
Speaker 1: at play with Ethereum and whether or not we will
11:33
Speaker 1: see a hard move up. Remember that it's all about
11:37
Speaker 1: supply and demand, and supply right now for Ethereum is
11:40
Speaker 1: quite a bit different than we've seen before on some
11:43
Speaker 1: of these assets. So that's a big one to watch.
11:45
Speaker 1: No forget to put some questions in over on the side,
11:48
Speaker 1: and make sure and subscribe to the show. Today we
11:52
Speaker 1: hit four point fifty yesterday four and fifty thousand subs.
11:55
Speaker 1: We're going for the five hundred mark. We want to
11:58
Speaker 1: thank all of you for of course being part of
12:00
Speaker 1: the PBN family. So again big kidos to you guys,
12:03
Speaker 1: because without you, we can't do any of this, So
12:05
Speaker 1: thank you so much for that. I want to get
12:08
Speaker 1: into a couple of points that hit the wires yesterday
12:12
Speaker 1: and Bitcoin magazine reported this, and they did it I
12:15
Speaker 1: think a little bit prematurely. I'm a little bit in
12:18
Speaker 1: a quandary of why this was done this way. But
12:21
Speaker 1: hear me out on this. But Kamala Harris decided not
12:24
Speaker 1: to speak at the Bitcoin after they put out a
12:27
Speaker 1: statement that she was coming the twenty forty for conference
12:31
Speaker 1: in Nashville. This came in from CEO David Bailey, and
12:34
Speaker 1: I look at this, and you know, I think about
12:37
Speaker 1: you know, strategy and how businesses kind of move, and
12:40
Speaker 1: in many cases campaigns do the same because every you
12:45
Speaker 1: know thing that you do matters, especially when things are
12:48
Speaker 1: coming out to the wire. So I think she would
12:50
Speaker 1: have been ill prepared for an event like that, and
12:55
Speaker 1: she was going into hostile territory where there was a
12:58
Speaker 1: bit of an incumbent had kind of come in. So
13:02
Speaker 1: in my opinion, it was probably a smart move on
13:04
Speaker 1: her part and her team's part to step away from that.
13:08
Speaker 1: I would love to see it, but I think it
13:10
Speaker 1: was a smart move on the demcraft side to step away,
13:13
Speaker 1: maybe reassess a little bit and see how to respond,
13:17
Speaker 1: because right now they don't necessarily have a great track
13:20
Speaker 1: record overall, and maybe this is an opportunity for them,
13:24
Speaker 1: or they could screw it up completely and you still
13:28
Speaker 1: lose in November if they don't understand that the crypto
13:31
Speaker 1: vote matters. Here's Caitlin Long. Here's what she says, agreed.
13:35
Speaker 1: Unless she'd announced that she'd already fired all the warrant
13:40
Speaker 1: the warn heights in the federal agencies, basically Senator Warren
13:44
Speaker 1: stuff who are still trying to kill us, to kill
13:47
Speaker 1: the US crypto industry, she would have been booed heavily.
13:51
Speaker 1: Kind of a weird Caitlin Long tweet there, But the
13:54
Speaker 1: point is is that she's saying, Hey, there's a lot
13:55
Speaker 1: of people that have a lot of animosities, especially in
13:58
Speaker 1: the bitcoin community, against those who are on the anti
14:03
Speaker 1: crypto army. And we've known about this for a long time.
14:06
Speaker 1: You know, choke point two is a real thing. Yes,
14:09
Speaker 1: there's been a lot of challenges, but I think I
14:12
Speaker 1: feel you know, I'm not into big government, but I
14:16
Speaker 1: feel like maybe there is a play that could benefit
14:21
Speaker 1: government and the markets at the same time. I'm not
14:24
Speaker 1: saying these are perfect, but at least if we get
14:27
Speaker 1: to the level of where the rest of the world
14:29
Speaker 1: is going, whether it's Mika, what's happening in Asia, that's
14:33
Speaker 1: the main thing. Legislation will be part of that, but
14:35
Speaker 1: it starts with the administration, and if the administration is
14:39
Speaker 1: not behind it, then it's a problem. It's a problem
14:42
Speaker 1: for our market. Democrats spent four years trying to destroy bitcoin.
14:46
Speaker 1: I would say, yeah, probably true, Harris only wants to
14:49
Speaker 1: speak at the Bitcoin conference because she's desperate to avoid
14:52
Speaker 1: losing the election. I don't know that this is Again,
14:55
Speaker 1: these are coming from a lot of people at the
14:57
Speaker 1: Bitcoin conference, so just take that with a grain of salt.
15:00
Speaker 1: I don't think that is the position of the Democrats,
15:02
Speaker 1: and listen, I'm somewhat neutral, more conservative would say, but
15:07
Speaker 1: I look at this as a strategy that the Democrats
15:10
Speaker 1: have got to position. It's very early for them right now,
15:13
Speaker 1: and I think they would do themselves really well if
15:17
Speaker 1: they step back, get educated, get connected to some people
15:21
Speaker 1: that can help them understand what's happening, because maybe the
15:25
Speaker 1: step away from Biden's administration could be a good thing.
15:28
Speaker 1: I'm not saying that's a good thing for crypto or
15:30
Speaker 1: for the markets in general, but if they were to
15:33
Speaker 1: come out on a positive note, I wouldn't do it now.
15:36
Speaker 1: I'd do it much later in the campaign as it
15:40
Speaker 1: nears the election, because you're going to need those extra
15:44
Speaker 1: market pumps and winning those votes as you go down
15:48
Speaker 1: the trail to November. So strategically, not a good move
15:52
Speaker 1: would have been a bad move, I think, And you know, hey,
15:55
Speaker 1: I coach a lot of companies on Advisor of how
15:58
Speaker 1: to move on markets, what to release first, how to
16:02
Speaker 1: maybe approach a bad situation or a good situation, and
16:06
Speaker 1: I think they actually might have handled this well for
16:10
Speaker 1: the current situation as it is right now. Cuban, though,
16:13
Speaker 1: has saying that Harris's camp has reached out with multiple
16:17
Speaker 1: questions about crypto. Now. There are a few tweets and
16:22
Speaker 1: people talking about things that have been said, but I'm
16:24
Speaker 1: getting multiple questions from her camps coming in from Mark Cuban.
16:28
Speaker 1: He added that he did not know any other industry
16:30
Speaker 1: leaders who had been receiving the inquiries.
16:34
Speaker 4: I don't know.
16:34
Speaker 1: Mark's an interesting guy. Feedback is I'm getting, but certainly
16:37
Speaker 1: not confirmed is that the VP says she'll be far
16:40
Speaker 1: more open to business AI, crypto and government as a service.
16:47
Speaker 1: This is something I think that would be interesting if
16:49
Speaker 1: they start to really understand it further in the article,
16:52
Speaker 1: it makes sense why Harris would maybe turn to crypto immediately.
16:56
Speaker 1: Fair shake. Of course, they're watching these packs. I mean,
16:58
Speaker 1: this is two hundred three million right now, so it's significant,
17:02
Speaker 1: and she understands there's a huge voting block right now.
17:06
Speaker 1: We're estimating somewhere around thirty one to thirty two million
17:09
Speaker 1: voters in the United States that could be swayed on
17:13
Speaker 1: a single issue such as crypto, and a lot of
17:16
Speaker 1: these are younger voters, and I think this may turn
17:19
Speaker 1: out the younger voter for the first time. So the
17:21
Speaker 1: Harris camp is going to need to pay attention to
17:23
Speaker 1: what is happening here and not be in a position
17:26
Speaker 1: where they look like they're just following Trump's cues. So
17:31
Speaker 1: this is a chess match happening right now in crypto
17:35
Speaker 1: I think might be the game board. So a lot
17:37
Speaker 1: of things happening. Kamala on crypto. How Biden's potential replacements
17:41
Speaker 1: feel about bitcoin. Now, there's a lot of people within
17:45
Speaker 1: the group. Now, I'll say within the group of the
17:48
Speaker 1: Democratic Party that have not completely come over, but yet
17:52
Speaker 1: at the same time, you have a handful that have
17:55
Speaker 1: you think about Rocana who led the roundtable in DC
18:00
Speaker 1: with top advisors. Those are the kind of things I
18:02
Speaker 1: think that are a good thing, that is more bipartisan.
18:06
Speaker 1: But multiple prominent crypto policymakers told the crypt that any
18:09
Speaker 1: Biden replacement would mark a welcome change, and I think
18:12
Speaker 1: I would agree with that. Harris also got a political
18:15
Speaker 1: start by winning a race in twenty ten to become
18:16
Speaker 1: district attorney in San Francisco, very tech friendly, so she's
18:20
Speaker 1: familiar with these kinds of waters. Her assent was widely
18:25
Speaker 1: viewed as a boom boon for tech companies in Silicon Valley.
18:29
Speaker 1: And again I don't know her other politics other than
18:34
Speaker 1: you know, I look at mostly where do you stand
18:36
Speaker 1: on crypto? And that's kind of my position. Harris appears
18:39
Speaker 1: to have, in fact, never made a public statement though
18:43
Speaker 1: on the subject, so we may not have any real
18:45
Speaker 1: awareness of where she is. Interesting thing right here is
18:50
Speaker 1: that polymarket is becoming the real time, real time poll.
18:56
Speaker 1: I think this may be the five point thirty eight
18:59
Speaker 1: of our time if you guys remember by thirty eight
19:03
Speaker 1: and the blog that was Nate Silver's name was Nate
19:05
Speaker 1: Silver who antic or was basically predicting a lot of
19:08
Speaker 1: what was happening in the twenty eight and twelve market
19:11
Speaker 1: and elections very effectively. This may be the one. Well
19:16
Speaker 1: guess what, guys, this is running right here within the
19:19
Speaker 1: crypto markets over on polygons, so very interesting stuff. Notice
19:23
Speaker 1: right here, though, I want to show you something. If
19:25
Speaker 1: you come down here to the charts, I'll zoom in
19:28
Speaker 1: on this. Look at this drop once that she well
19:32
Speaker 1: she once the Bitcoin magazine announced that she wasn't coming,
19:36
Speaker 1: if she was ever coming, that's the question mark. I have,
19:39
Speaker 1: so thirty seven down to where it's trending right now,
19:42
Speaker 1: which is around thirty three. So that's a that's a
19:44
Speaker 1: pretty big drop in a short period of time, going
19:48
Speaker 1: head to head here with Donald Trump right now on
19:51
Speaker 1: the candidacy. So we'll see if this shifts more. We
19:56
Speaker 1: are tracking. If you guys want to learn a little
19:57
Speaker 1: bit more, we do kind of the same thing here,
19:59
Speaker 1: not based on on betting, but based on sentiment, and
20:03
Speaker 1: her numbers have been climbing. I'll see if I can
20:06
Speaker 1: pull that up for you guys on this next clip.
20:08
Speaker 1: I'll go to it and get it for you. Another
20:10
Speaker 1: thing I want to hit on right here. This is
20:13
Speaker 1: a biology talking about this perplexity. Now has polymarket when
20:17
Speaker 1: you search for election ods. I think that's kind of cool.
20:19
Speaker 1: This displays prediction markets more real time than any poll
20:23
Speaker 1: and I would agree with that the polls are actually
20:26
Speaker 1: behind now what we're seeing in poly market, So we
20:29
Speaker 1: may get a lot more awareness of crypto. It's use
20:33
Speaker 1: cases blockchain as a whole in a very positive way
20:36
Speaker 1: for these prediction analysis granted if they're correct, because remember
20:42
Speaker 1: this stuff needs to be right most of the time.
20:45
Speaker 1: There are a handful that have been wrong over a bit,
20:48
Speaker 1: but you can kind of see just the movement that
20:50
Speaker 1: has been happening right there on this. I'm going to
20:53
Speaker 1: go to another article here. I want to get into this.
20:56
Speaker 1: This was a piece that is kind of interesting. It's
20:59
Speaker 1: a little bit of a bonus topic around. Remember we've
21:02
Speaker 1: had the securitized guys on here. This is the think
21:05
Speaker 1: of it as the real world asset connection to Blackrock
21:08
Speaker 1: for token is securities, and that's run on eth by
21:12
Speaker 1: the way. So what's happening here is we're seeing a
21:15
Speaker 1: little bit more of a shift of other potentials out there.
21:18
Speaker 1: So you've got coin based asset manager plan or asset
21:20
Speaker 1: management planning, tokenized money market fund, which is a very
21:23
Speaker 1: hot area. After a Blackrocks Biddle success, which is what
21:26
Speaker 1: we're talking about, Securitize launched that project known as Biddle.
21:30
Speaker 1: You guys want to track it over to the RBA website,
21:33
Speaker 1: you'll learn a little bit more about how it's flowing.
21:35
Speaker 1: And just I think it hit five hundred million here
21:37
Speaker 1: here recently, so not a bad move. Couple of points
21:40
Speaker 1: within the article they're creating a tokenized money market fund
21:45
Speaker 1: for Again, this is still familiar people familiar. So we
21:48
Speaker 1: haven't seen a verification of this, but so it's an
21:50
Speaker 1: RBA asset hot corner of the crypto market. Blackrocks tokenized there,
21:54
Speaker 1: you haven't US Treasury's fund quickly grab five hundred mils.
21:57
Speaker 1: So I think this is very early. And again remember
22:00
Speaker 1: a lot of ethereum here do we get something now
22:03
Speaker 1: on base that would be cool that just continues to
22:07
Speaker 1: push into more market adoption. Here's poly trade right here.
22:11
Speaker 1: We're thrilled to announce this. We'll be coming to Base
22:15
Speaker 1: built on Coinbase one of the largest ethereum layer twos,
22:18
Speaker 1: and soon RBA is on base. We'll find a home
22:21
Speaker 1: on polytrade dot fine, so that'd be cool. We should
22:23
Speaker 1: probably get the poly trade guys on the show. Don't
22:25
Speaker 1: forget to put some questions in over on the side.
22:27
Speaker 1: We'll try to get again to some of those. Here's
22:29
Speaker 1: our website, your gateway to real world assets. I like
22:33
Speaker 1: that this could be interesting, especially real estate. I like
22:37
Speaker 1: the fact they're going into oh interesting collectibles, metals, precious metals,
22:41
Speaker 1: real estate. We'll see if they go into bonds and
22:43
Speaker 1: things of that nature. That would be helpful there as well.
22:46
Speaker 1: A few more tweets here I want to hit on
22:49
Speaker 1: Mountcox creditors now receiving bitcoin four hours ago, no significant
22:53
Speaker 1: spike in the hourly spot. So bitcoin is weathering the
22:57
Speaker 1: storm right now. If you look at the chart, let
22:59
Speaker 1: me jump over to Bitcoin real quick, weathering the storm
23:03
Speaker 1: sideways a little bit, but starting to get a little
23:05
Speaker 1: bit of a correction right here, going up to sixty
23:07
Speaker 1: six six on the day and right now a little
23:11
Speaker 1: bit a little bit trending positive in terms of sentiment,
23:15
Speaker 1: and if you look a little bit at the money
23:16
Speaker 1: flow coming in not bad there Quarterer blocks still hovering
23:20
Speaker 1: in around seventy can. I don't know if we'll get
23:21
Speaker 1: there soon, but hey, we got some movement happening here
23:24
Speaker 1: with bitcoin. What else do we have? Yeah, here we go.
23:28
Speaker 1: Mag seven erased a combined four hundred and fifty billion
23:33
Speaker 1: of market caps. So this is the thing that starts
23:37
Speaker 1: to concern me. And when I look at these kinds
23:41
Speaker 1: of moves and I was talking again, I was talking
23:44
Speaker 1: about the asset manager last night, and he and his
23:47
Speaker 1: team manage hundreds of millions and they're looking at this
23:52
Speaker 1: position right now as probably one of the most dangerous
23:55
Speaker 1: times in investing because of the shorts, even because of
23:59
Speaker 1: the lungs that are probably going into play right now.
24:02
Speaker 1: If you look at some of the heat maps that
24:03
Speaker 1: are happening right now, volatility is getting worse. And he
24:07
Speaker 1: basically said, we're getting into a position where we're going
24:09
Speaker 1: to start getting much more cautious on our trades. And
24:12
Speaker 1: what that tells me is that we could see asset
24:15
Speaker 1: and liquidity look for some new potential opportunities. And if
24:20
Speaker 1: crypto comes into the right time with a political landscape brewing,
24:25
Speaker 1: that could be positive, still go negative too, could we
24:29
Speaker 1: see a bit of a shift here in that S
24:32
Speaker 1: and P versus crypto. I think that's the thing that
24:35
Speaker 1: it's going to be very, very hot to watch for sure.
24:40
Speaker 1: Let's see what else do we had. Oh, this is
24:43
Speaker 1: a trend that one of the traders that we've had
24:46
Speaker 1: here on the show. We're gonna try to get him
24:47
Speaker 1: back on is theorizing around these hash ribbons. It's called
24:52
Speaker 1: hash ribbon indicator. We've actually shown this before, but they
24:55
Speaker 1: just flashed a bi signal on the daily chart. Now,
24:58
Speaker 1: this is one that you don't see very often. It's
25:01
Speaker 1: only happened a few times, and they are in a
25:04
Speaker 1: position right now this again on bitcoin, So this could
25:07
Speaker 1: be a run coming in on bitcoin. We'll see how
25:10
Speaker 1: this plays out. I've got a clip from him that
25:12
Speaker 1: explains a little bit more. Take a look.
25:14
Speaker 4: The hush ribbons indicator has just flashed by signal on
25:20
Speaker 4: the daily We've been waiting for this moment for months.
25:23
Speaker 4: This signal in the past as of a massive performance
25:28
Speaker 4: and it indicates that the miners may have completed their capitulation,
25:33
Speaker 4: which is extremely bollish for the price of bitcoin, especially
25:36
Speaker 4: considering that we are just below the all time high
25:40
Speaker 4: so I wouldn't take a bisignal necessarily as an entry
25:44
Speaker 4: to go with high leverage or anything like that, but
25:48
Speaker 4: more as a sign that there is a recovery from
25:51
Speaker 4: the miners. Hypothesis behind the hush ribbons by signal is
25:56
Speaker 4: that if they have stopped to suffer and capito late
26:00
Speaker 4: and sell bitcoin due to the stress of having to
26:04
Speaker 4: mine that bitcoin under not ideal conditions, like for example,
26:08
Speaker 4: they need to pay bills that are too expensive, and
26:11
Speaker 4: then suddenly they start producing bitcoin and making good profits.
26:15
Speaker 4: That typically indicates the health of the network. The hash
26:19
Speaker 4: rate should go higher, the miners should be making money.
26:23
Speaker 4: In summary, everybody's happy, and why shouldn't the price of
26:28
Speaker 4: bitcoin reflect that.
26:31
Speaker 1: You know, we've had the trading paird on before, and
26:34
Speaker 1: he might be right here if you look at how
26:37
Speaker 1: miners and the idea of capitulation, what this plays into
26:42
Speaker 1: in the market strategies, and also how investors look at
26:46
Speaker 1: their entry positions, and Bitcoin might be in that position
26:49
Speaker 1: right now. So again, this is bitcoin we're talking about
26:53
Speaker 1: mostly ethereum, but definitely want to keep an eye on
26:56
Speaker 1: right now because it's all pressing positive. But then again,
26:59
Speaker 1: if you look at it THEEUM. Right now, we are
27:02
Speaker 1: in almost the same position, starting to go into a
27:05
Speaker 1: positive zone right there. You can kind of see those
27:07
Speaker 1: blocks down there on the on the chart. Don't forget
27:10
Speaker 1: to forget to put some questions in over here. Let's
27:12
Speaker 1: go to the poll real quick and see what the
27:14
Speaker 1: poll says on eth All right, what happens first? Wow,
27:17
Speaker 1: everybody's split on this, so but a little bit more
27:20
Speaker 1: bullish going to thirty eight hundred. So if we do
27:22
Speaker 1: get a run up here to thirty eight hundred, it'd
27:23
Speaker 1: be a nice start. And I think this will give
27:26
Speaker 1: us an indicator of the additional inflows on the ETF
27:31
Speaker 1: if it does impact the regular market or not. So
27:35
Speaker 1: we'll see, all right, Justin says, hey, hey, congrats on
27:39
Speaker 1: the four fifty. Thank you, Justin appreciate that we're in
27:42
Speaker 1: good shape. Solana dominance is moving. I like that payday
27:47
Speaker 1: in five hours, Miguel, all right, let's go in. Sorry
27:52
Speaker 1: I'm looking at the wrong cue, guys, Sorry, all right,
27:54
Speaker 1: here we go. All right, So this means that Covey
27:58
Speaker 1: stock pump, say, probably see some movement on coinbase just
28:01
Speaker 1: because of what the markets could be doing. Anytime Bitcoin
28:05
Speaker 1: pumps coinbase is going to pump with it, kind of
28:08
Speaker 1: like micro Strategies. Kind of surprised that Eth didn't do
28:11
Speaker 1: a dump after the news. That's true, it held up
28:13
Speaker 1: quite well. But we'll a pump. That is the question. Man.
28:16
Speaker 1: You guys are on the million dollar question right there.
28:18
Speaker 1: David Crockett says Bitcoin conference is a bunch of politicians. Well,
28:23
Speaker 1: are you talking about the conference of the people at
28:25
Speaker 1: the conference? There are quite a few politicians that are there,
28:30
Speaker 1: but I think any of them would would appreciate politics
28:33
Speaker 1: because right now the polic listen. This is something that
28:36
Speaker 1: a lot of people ask me, and I you know,
28:39
Speaker 1: my response is pretty straight. Yes, politics and crypto intersect.
28:45
Speaker 1: Now we didn't want it that way, but it has
28:48
Speaker 1: become that way over the last couple of years. Regulation physicians,
28:52
Speaker 1: from Democrats and Republicans. It just is. So there's no
28:56
Speaker 1: way to talk about crypto without talking about politics unfortunately,
29:00
Speaker 1: So just get used to it. It is going to
29:04
Speaker 1: be one of those things that is always going to
29:06
Speaker 1: come up. I think probably from here on out. We'll see,
29:08
Speaker 1: hopefully it can detach away. We'll see if things starts
29:11
Speaker 1: a simmer down. David Crux says Eth ETF doing better
29:15
Speaker 1: than Bitcoin after launch bitcoin dump. Yes, that's true, that's
29:18
Speaker 1: true that it dumped, But does it take that run
29:22
Speaker 1: Because if you go to bitcoin and you look at
29:24
Speaker 1: that ETF day, let's just go over here, guys, and
29:27
Speaker 1: just so everybody remembers, that's the launch right there. So yeah,
29:31
Speaker 1: there's the dump right there, that little zippo area, that's
29:36
Speaker 1: where we saw a little bit of the dump over
29:37
Speaker 1: about an eight nine day run. But come on, I mean,
29:41
Speaker 1: look at that. That's that's crazy. If Bitcoin, if eth
29:44
Speaker 1: gets even anywhere near this kind of craziness, we could
29:48
Speaker 1: see some changes in the market pretty quickly. Phil c says,
29:51
Speaker 1: Fox News said she would be there. David said she
29:55
Speaker 1: was undecided. If she shows up, that's ballsy. If she
30:03
Speaker 1: shows up, that's ballsy. I will say that ETF constant
30:07
Speaker 1: long term by pressure. Totally agree with that. Sleigh says,
30:11
Speaker 1: if they METF, we'll have a turtle move slow and steady.
30:16
Speaker 1: Maybe let's see wonder as who else do we have?
30:19
Speaker 1: Oh splod is back in the comments today, did Mountgox
30:22
Speaker 1: have eth to distribute? Also, I don't know if they
30:24
Speaker 1: had any significant amount of eth, but remember that a
30:28
Speaker 1: lot of the eth is locked up, so I'm not
30:32
Speaker 1: sure that was Would that even have been available at
30:35
Speaker 1: that time? That's interesting, good question. I'd have to go
30:37
Speaker 1: back and look at the dates.
30:38
Speaker 2: All right.
30:39
Speaker 1: If you guys are not in the Diamond Circle, get
30:40
Speaker 1: in right now. By the way, we're gonna be doing
30:42
Speaker 1: a We're gonna drop a nice wipe there, guys. Oh smooth,
30:46
Speaker 1: I love that one.
30:47
Speaker 2: Uh.
30:48
Speaker 1: We're gonna be doing another interview today with twenty one Shares,
30:52
Speaker 1: which is one of the eth Asset managers eth etf
30:55
Speaker 1: Asset Managers. We're going to chance to kind of dive
30:57
Speaker 1: in on that, so check in. We'll drop it a
30:59
Speaker 1: little bit later. It's a recorded video, so we're gonna
31:02
Speaker 1: be doing that. We'll try to get it out today
31:04
Speaker 1: for you guys. Take a look at that, especially if
31:05
Speaker 1: you're in the ether and covering all that. If you're
31:08
Speaker 1: not in the Diamond Circle, get in now. It's a
31:09
Speaker 1: great place to get additional content. We've got a community
31:12
Speaker 1: over there that I can communicate with a lot within,
31:15
Speaker 1: so it's good direct access to me. Jump into that
31:18
Speaker 1: and of course follow me out there on X at
31:20
Speaker 1: Paul Barren. We'll catch you next time. Right here, i'll
31:22
Speaker 1: check that