Why Crypto Sold Off & Altcoin ETF Speculation Ramps Up

Article Audio BTC ETF +5 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), Pudgy Penguins (PENGU), Uniswap (UNI), Hyperliquid (HYPE) and others.

Important upcoming macro dates:

  • Jan. 20: U.S. Inauguration Day

00:00 Intro and market update

02:55 Crypto investment product flows

04:30 More BTC demand-side buying

07:30 FTX distributions starting in January

09:20 German bank building an Ethereum L2

12:00 Will we see a wave of altcoin ETFs next year?

15:10 Altcoins news (AVAX, ENS, UNI & PENGU)

22:05 Altcoins news (Alternative L1s & OpenSea)

30:00 Over- and under-appreciated