Listen "Why Crypto Sold Off & Altcoin ETF Speculation Ramps Up"
Episode Synopsis
Join Matt and Nick as they discuss the recent crypto market dip, the impact of the U.S. central bank’s latest policy update, MicroStrategy buying more Bitcoin, various altcoin updates, and more.Key Takeaways Large entities (e.g. MicroStrategy, Marathon, Hub 8) continue to accumulate Bitcoin (BTC). Expect this source of buy-side demand to continue for the foreseeable future.Speculation is mounting over which altcoin will be next to get a spot ETF approval in the U.S. While smaller ETF issuers will keep applying for various altcoin ETFs, it’s hard to get too excited without BlackRock doing the same.This week’s altcoin news featured Avalanche (AVAX), Pengu (PENGU), Uniswap (UNI), Hyperliquid (HYPE) and others.Timestamps:00:00 Intro & market update02:55 Crypto investment product flows04:30 More BTC demand side buying07:30 FTX distributions09:20 German bank building an L212:00 Will we see a wave of ETFs next year?15:10 Altcoins news (AVAX, ENS, UNI & PENGU)22:05 Altcoins news (Alternative L1s & Open Sea)30:00 Over & under-appreciated
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