Bitcoin did really well after the spot ETFs launched, thanks to the ETFs buying up around 200k Bitcoins in just a few months. But here’s the thing, Bitcoin actually started climbing months before the ETFs got approved. If you’d placed your bet earlier, you’d have seen some serious gains. Now Ethereum is in a similar spot. Let’s talk about why Ethereum ETFs could be a great opportunity. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 22,000 investors here: Done? Thanks! That’s great! Now let’s dive in. Ethereum and the lessons of the Bitcoin ETFsThe takeawayJeff Bezos has this 70% rule for making decisions, and it fits investing perfectly. The idea is to act when you have about 70% of the information you want. Waiting for more info often means you’re too late. If you get in early and realize it’s a mistake, you can always exit early. Right now, we don’t know exactly when Ethereum ETFs will launch or how big the demand will be. But there’s a 75% chance they’ll get approved. We saw Bitcoin appreciate significantly months before its ETFs were approved due to the anticipation. With some caveats we’ll discuss below, betting on Ethereum doing well in the next 6 to 9 months is a solid 70% bet. Your call. Bitcoin's performance before the ETFs...![]() Unlock this post for free, courtesy of Ecoinometrics.A subscription gets you:
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Monday, June 24, 2024
Ethereum and the lessons of the Bitcoin ETFs
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