Ethereum (ETH-USD) prices are surging as investors' hopes for the approval of a spot ether ETF rise. Bitwise Asset Management CIO Matt Hougan joins Market...
Hougan expresses confidence, stating that the odds for a spot ether ETF approval"is up above 80% before the end of the year." While not a guarantee, he notes that"it looks a lot more likely than it did," fueling optimism and driving ethereum's price surge in today's trading session.
But I do want to ask about this first and what you guys are hearing and how close do you think it might be?You know, I think last week the betting markets on P market had about a 10% odds of seeing a spot e approval and now those odds are up above 80% by the end of the year. We already have Bitcoin Futures ETF S and we got a spot, Bitcoin ETF, we have Ethereum Futures ETF S and now the market is pricing in the likelihood that we'll get a spot, Ethereum ETF.Those are wins for investors.And, uh, and I think that would be great if it does.
I think it's a little bit what you hinted at at the top of the segment which is there has been a real sea change in Washington around crypto. Do, do you see crypto, in fact, during this election becoming this kind of, you know, ideological dividing dividing line?How could something as relatively small as crypto influences something so massive as the US election?
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