It has been a whole week since the U.S. SEC approved spot Bitcoin ETF applications, and we have seen some staggering movement in all directions. Today’s episode covers the important stories around the ETFs, the Socket protocol exploit, the IRS rolling back its new crypto tax rule, and why one hedge fund co-founder believes a spot Ether ETF is unlikely “anytime soon.”Further reading:Estimated $1.1B flees GBTC in 3 days as ARK begins buying own Bitcoin ETF — Brayden LindreaGrayscale Bitcoin Trust ETF transfers another $376M in BTC as price stabilizes — Tom BlackstoneSocket protocol loses $3.3M in confirmed approval exploit — Tom BlackstoneIRS steps back crypto tax rules, exempting TXs over $10K from obligations — Brayden LindreaSpot Ethereum ETF not coming ‘anytime soon,’ says Mark Yusko — Marco CastrovilliReferences:IRS crypto tax announcementEric Balchunas X post on spot Bitcoin ETFs vs. other ETFsCointelegraph interview with Mark Yusko on YouTubeSo, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.

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