- Michael Saylor makes a U-turn on ETH after ETF approvals.
- The executive said that the approval will further legitimize crypto assets.
MicroStrategy founder and CEO Michael Saylor has changed his ‘no second best to Bitcoin’ rhetoric after the Ethereum ETF’s approval.
Commenting on the approvals, Saylor underscored the update as ‘good for crypto asset class’ but ‘better’ for Bitcoin [BTC].
‘Is this good for Bitcoin or not? It’s good for Bitcoin. In fact, it may be better for Bitcoin because we’re politically much more powerful, supported by the entire crypto industry.’
The ‘politically more powerful’ phrase may refer to the current political changes triggered by crypto regulations, the passage of the US CBDC ban, and the FIT21 Act.
Michael Saylor added that the ETH ETF approval will further legitimize the crypto asset class.
Michael Saylor warm ups to ETH
Contrary to the above relative warm-up to ETH ETF approval, Saylor has always been a Bitcoin maxi and a critic of altcoins.
About two weeks ago, the executive believed that Bitcoin would be the only approved crypto asset with a spot ETF and backing of Wall Street and TradFi.
The executive expected the SEC to reject the ETH ETFs. Here, it can be argued that Saylor changed his strict stance against other crypto assets after the ETH ETF approvals.
However, his emphasis that BTC could benefit more from the ETH ETF adds to the divergent views on the topic.
Some industry analysts, like Jim Bianco and Quinn Thompson, have reiterated that ETH ETF could draw inflows from spot BTC ETFs.
As a result, the ETH ETF launch could be negative to BTC. In fact, Bianco projected that ETH could even flip BTC before the next halving.
However, Bitwise CIO Matt Hougan downplayed the ‘threat’ and mentioned that ETH ETF will hit billions but won’t match BTC.
In the meantime, the recent positive regulatory relief and ETH ETF approvals saw BTC ETFs record positive net inflows last week.
According to AMBCrypto’s look at Soso Value’s data, the investment products saw a total of $819.5 million last week.
It remains to be seen whether these BTC ETF flows will be affected by ETH ETFs when they launch and start trading.
order clomid without insurance cost generic clomid without rx cost of clomid without insurance clomiphene remedio clomid challenge test protocol good rx clomid order clomid without a prescription
Greetings! Very useful par‘nesis within this article! It’s the scarcely changes which will espy the largest changes. Thanks a quantity for sharing!
Thanks on putting this up. It’s understandably done.
azithromycin 500mg over the counter – sumycin 500mg tablet metronidazole 400mg drug
rybelsus 14mg brand – cyproheptadine 4 mg for sale generic cyproheptadine 4mg
buy motilium without a prescription – cyclobenzaprine tablet buy cyclobenzaprine 15mg online cheap
generic inderal – buy plavix 150mg online cheap order methotrexate 2.5mg pills
order esomeprazole 20mg online – anexamate order esomeprazole generic
order coumadin 5mg pill – https://coumamide.com/ cozaar over the counter
order meloxicam 15mg sale – swelling buy mobic medication
order prednisone pills – aprep lson purchase prednisone online
erectile dysfunction drug – generic ed pills cheap ed pills
diflucan 200mg generic – buy fluconazole cheap order fluconazole 100mg sale
cenforce 50mg canada – purchase cenforce pills cenforce 50mg for sale
cialis com coupons – site buy cialis online from canada
where can i buy cialis online in australia – buy cialis/canada tadalafil review forum
purchase ranitidine online cheap – https://aranitidine.com/# buy generic zantac
usa viagra cheap info – herbal viagra sale viagra sildenafil 100 mg
Thanks on putting this up. It’s well done. sitio web
Greetings! Utter gainful recommendation within this article! It’s the crumb changes which will espy the largest changes. Thanks a portion quest of sharing! cheap amoxil generic
Thanks for sharing. It’s top quality. https://ursxdol.com/cialis-tadalafil-20/
The thoroughness in this section is noteworthy. https://prohnrg.com/product/get-allopurinol-pills/
This website really has all of the low-down and facts I needed adjacent to this subject and didn’t know who to ask. https://aranitidine.com/fr/modalert-en-france/
Palatable blog you possess here.. It’s intricate to assign high calibre script like yours these days. I honestly respect individuals like you! Rent mindfulness!! https://ondactone.com/spironolactone/