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Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews James Seyffart, Research Analyst at Bloomberg Intelligence, who shares behind-the-scenes details of the surprise spot Ether ETF approval by the SEC. Seyffart says this proves that the SEC is driven by politics. “The leading theory is somebody called SEC Chair Gensler, possibly from the Biden admin,” Seyffart tells Kitco News on the sidelines of Consensus 2024 in Austin, Texas. He shares his insights on when the spot ETH ETFs could launch and what it will mean for demand and prices. Seyffart also dives into spot Bitcoin ETF analysis, forecasting future institutional demand. He makes a prediction about which spot crypto ETF could be approved next.
Special coverage of Consensus is brought to you by *Diamond Standard* → https://bit.ly/DiamondStandardKitco.
#Ether #Bitcoin #ETFs #crypto
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00:00 Intro: Spot Ether ETF Approval
02:30 SEC’s Political Influence
10:39 Ethereum ETF Launch Timeline
14:14 Ethereum: Commodity vs. Security
17:19 Ethereum & Staking
21:26 Demand
23:35 Price Direction
29:31 BTC & ETH’s Original Ethos
37:05 Institutional Adoption
40:39 Speculations on Future Crypto ETFs
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