Riches on Nostr: The surge in filings for cryptocurrency ETFs, particularly those tied to alternative ...
The surge in filings for cryptocurrency ETFs, particularly those tied to alternative cryptocurrencies, has some market watchers linking it to political forecasts. Eric Balchunas, an ETF analyst at Bloomberg, suggested that these filings represent a kind of speculative play on the U.S. presidential election. By referring to them as “call options on a Trump victory,” Balchunas implies that these ETF applications are bets that a more crypto-friendly administration might come to power.
Published at
2024-10-29 19:14:08Event JSON
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