So what’s your best prognostication re: where ETH goes from these levels? Melt up into a crescendo “sell-the-ETF launch” event akin to how things played out for Bitcoin’s price action around the Bitcoin ETFs rolling out?? That’s my best hunch as of right now, but I have no clue how this ETH ETP launch truly goes down…sounds as though none of the products will offer staking. If that’s true, how much will that have any diminishing effects on net inflows for these ETH ETF’s I wonder? My guess is 80-90% of net inflows are unaffected by this detail, but it will have some dampening effect on inflows to be sure. So many questions…
Oh, one final pressing question (very relevant to those of us still holding any shares of Grayscale’s ETHE at this time: is Grayscale still one of the ETH ETF applicants at this time?? I thought that I had heard/read news at some point maybe 4 weeks ago (+/—??) that Grayscale actually had decided to pull their application for conversion of the ETHE fund to an ETF after some closed-door meeting with the SEC??? Has anyone seen confirmation anywhere that the ETHE trust is indeed slated to become one of the Ethereum ETF’s, just as GBTC ultimately became one of the Bitcoin ETF’s blessed by crooked Gary & co at the SEC??? Tia!
I think Grayscale pulled a futures ETF for ETH if I'm not mistaken. I'm under the assumption ETHE is still in play as a conversion trade. Regarding the in flows. Anyone's guess? I don't think it will be as high as Bitcoin but I also don't think staking matters all that much to MOST investors.
thanks Mike, a few questions for 'I trade shitcoins and shitcos' what is a shitco? how is it different than a shitcoin? that is 1/2 serious question, meaning 1/2 is serious. and a full serious question AAVe-usd trades at 4 x circulating fees, can you define circulating fees and where do you see them?
Shitco is tongue in cheek. I mainly view it as high risk small caps. Price to circulating fees is the circulating market cap of a coin (rather than the fully diluted cap) divided by the annualized fees from transactions. It’s similar to a price to sales ratio for stocks. There is no real standard for determining what is cheap and what is expensive. We just have to look at historical norms and long term trends. 300x is high for ETH but other L1s typically have far larger ratios. Fully diluted price to fees is better than circulating price to fees when there is a large level of coin issuance remaining imo
So what’s your best prognostication re: where ETH goes from these levels? Melt up into a crescendo “sell-the-ETF launch” event akin to how things played out for Bitcoin’s price action around the Bitcoin ETFs rolling out?? That’s my best hunch as of right now, but I have no clue how this ETH ETP launch truly goes down…sounds as though none of the products will offer staking. If that’s true, how much will that have any diminishing effects on net inflows for these ETH ETF’s I wonder? My guess is 80-90% of net inflows are unaffected by this detail, but it will have some dampening effect on inflows to be sure. So many questions…
Oh, one final pressing question (very relevant to those of us still holding any shares of Grayscale’s ETHE at this time: is Grayscale still one of the ETH ETF applicants at this time?? I thought that I had heard/read news at some point maybe 4 weeks ago (+/—??) that Grayscale actually had decided to pull their application for conversion of the ETHE fund to an ETF after some closed-door meeting with the SEC??? Has anyone seen confirmation anywhere that the ETHE trust is indeed slated to become one of the Ethereum ETF’s, just as GBTC ultimately became one of the Bitcoin ETF’s blessed by crooked Gary & co at the SEC??? Tia!
I think Grayscale pulled a futures ETF for ETH if I'm not mistaken. I'm under the assumption ETHE is still in play as a conversion trade. Regarding the in flows. Anyone's guess? I don't think it will be as high as Bitcoin but I also don't think staking matters all that much to MOST investors.
thanks Mike, a few questions for 'I trade shitcoins and shitcos' what is a shitco? how is it different than a shitcoin? that is 1/2 serious question, meaning 1/2 is serious. and a full serious question AAVe-usd trades at 4 x circulating fees, can you define circulating fees and where do you see them?
Shitco is tongue in cheek. I mainly view it as high risk small caps. Price to circulating fees is the circulating market cap of a coin (rather than the fully diluted cap) divided by the annualized fees from transactions. It’s similar to a price to sales ratio for stocks. There is no real standard for determining what is cheap and what is expensive. We just have to look at historical norms and long term trends. 300x is high for ETH but other L1s typically have far larger ratios. Fully diluted price to fees is better than circulating price to fees when there is a large level of coin issuance remaining imo