1 00:00:00,480 --> 00:00:05,200 Yo-yo, yo-yo, what up? What up? 2 00:00:05,240 --> 00:00:17,240 Good morning. Good morning GMP Thursday, 3 00:00:17,600 --> 00:00:23,160 January 11th, 2024. Look at that. 4 00:00:23,520 --> 00:00:27,400 Another beautiful day to have a beautiful day, another 5 00:00:27,400 --> 00:00:30,720 historical day. To have a historical day as the 6 00:00:30,720 --> 00:00:34,480 Coin Tucky Derby is off to the races. 7 00:00:34,680 --> 00:00:37,880 Ladies and gentlemen, the Bitcoin ETFs were approved 8 00:00:37,880 --> 00:00:40,600 yesterday afternoon as you all know by now, because everybody 9 00:00:40,600 --> 00:00:44,200 and their mothers, including myself, is Boo posting out the 10 00:00:44,200 --> 00:00:49,600 wazoo and reporting on that. It is absolutely crazy. 11 00:00:49,600 --> 00:00:51,640 What a first day. What a start. 12 00:00:51,640 --> 00:00:55,120 What a morning. What a time to be alive. 13 00:00:55,160 --> 00:00:59,840 And so we'll be joined by Stacey Elliott that you had on the show 14 00:00:59,840 --> 00:01:03,480 earlier this week correspondent Sorry journalist on the on the 15 00:01:03,480 --> 00:01:06,200 decrypt side. And and of course after that we 16 00:01:06,200 --> 00:01:11,320 will be joined by the Queen of ETFs Alien or Tourette of of Fox 17 00:01:11,320 --> 00:01:13,920 Business. So super exciting one last ETF 18 00:01:13,920 --> 00:01:15,120 special. Y'all I promise you. 19 00:01:15,400 --> 00:01:18,320 I promise you as of tomorrow we'll talk more about all coins 20 00:01:18,320 --> 00:01:20,360 with pictures. But today it's too important not 21 00:01:20,360 --> 00:01:24,000 to talk about what is going on. But first and foremost, I got my 22 00:01:24,000 --> 00:01:27,520 Co host in the house, OSF Mando. How we feeling today? 23 00:01:29,120 --> 00:01:32,640 Yeah, good. And it's, it's a weird feeling. 24 00:01:32,640 --> 00:01:35,120 It's like the big day we've been waiting for and here it is. 25 00:01:36,040 --> 00:01:38,720 Although prices are kind of dropping now, yeah. 26 00:01:38,720 --> 00:01:42,920 I mean prices are dropping now but you know it's we still, we 27 00:01:42,920 --> 00:01:44,560 still. Huge gain? 28 00:01:44,560 --> 00:01:47,400 Yeah. Huge gains on many altcoins in 29 00:01:47,400 --> 00:01:48,680 the last 24 hours. Still so. 30 00:01:49,760 --> 00:01:52,400 Just historic historic day to be doing the show right. 31 00:01:52,400 --> 00:01:55,720 We we we've done the show in the depths of the of the bear market 32 00:01:55,720 --> 00:02:00,000 and now we've got an ETF basically a year and a half 33 00:02:00,000 --> 00:02:03,720 later from from from that FTX was barely over a year ago, 34 00:02:03,720 --> 00:02:06,920 right. It's kind of wild that we just 35 00:02:06,920 --> 00:02:09,520 do this every single day. So you really do remember the 36 00:02:09,520 --> 00:02:14,160 the tough ones? It's surreal, yeah. 37 00:02:14,240 --> 00:02:19,760 ETFTX feels like 20 years ago, but it was just it was really 38 00:02:19,760 --> 00:02:22,360 recently. We're just January 2024. 39 00:02:22,600 --> 00:02:24,000 Mind you Christmas was just two weeks ago. 40 00:02:24,720 --> 00:02:26,560 Like people don't realize. Like I have to realize like wait 41 00:02:26,560 --> 00:02:30,560 like Christmas 2 weeks ago. We've survived FTX. 42 00:02:30,560 --> 00:02:33,040 We survived Terra Luna. We survived 3 AC. 43 00:02:33,040 --> 00:02:36,080 We survived the SEC and Gary Gensler non-stop bashing and 44 00:02:36,080 --> 00:02:38,760 trying to stop us with multiple lawsuits against Coinbase, Crack 45 00:02:38,760 --> 00:02:40,760 and CZ and everything we survived. 46 00:02:42,240 --> 00:02:43,800 We survive. What else we survived. 47 00:02:43,800 --> 00:02:50,040 We survived the Great OSF Dump. We survived Mark safe from I'm 48 00:02:50,160 --> 00:02:51,640 kidding. But we we've survived. 49 00:02:51,640 --> 00:02:54,680 We've taken a lot of punches to the face, to the throat, to the 50 00:02:54,680 --> 00:02:59,400 gut, to the nuts. We've taken a lot of stabs 51 00:02:59,400 --> 00:03:01,760 behind the back. We've taken it a lot. 52 00:03:01,840 --> 00:03:05,360 We've taken a lot of weight, stress and and I totally 53 00:03:05,360 --> 00:03:08,080 understand why. The timeline is euphoric. 54 00:03:08,480 --> 00:03:11,200 I'm not going to personally stop myself from euphoria, mania or 55 00:03:11,200 --> 00:03:15,400 being overly happy because God knows that we showed up when, 56 00:03:15,400 --> 00:03:18,760 when, when shit hit the fan. I still, I still remember those 57 00:03:18,760 --> 00:03:20,160 conversations. That's what we used to have in 58 00:03:20,160 --> 00:03:22,400 the back end when like things were bad and we're like guys we 59 00:03:22,400 --> 00:03:24,640 can't be dooming. Like we have to show up with 60 00:03:24,640 --> 00:03:28,680 people. Like, remember back in May 22, 61 00:03:28,680 --> 00:03:30,520 we were talking in our GM Web 3 channel. 62 00:03:30,520 --> 00:03:34,360 Like guys like we kind of have to like we're going to have to 63 00:03:34,360 --> 00:03:37,960 like be that guy because there was Doom posting, right? 64 00:03:37,960 --> 00:03:40,200 Making jokes and Doom posts about how it's over. 65 00:03:40,200 --> 00:03:41,240 And we're like, what are we going to do? 66 00:03:41,240 --> 00:03:43,240 Like are we just going to turn it up 1 notch or are we just 67 00:03:43,240 --> 00:03:46,600 going to like like people are losing their lives, you know? 68 00:03:46,840 --> 00:03:49,520 Yeah, so. Dude in the 800 or whatever the 69 00:03:49,520 --> 00:03:51,760 fuck it was that was, that was wild. 70 00:03:51,800 --> 00:03:53,400 I remember that. That was crazy. 71 00:03:53,400 --> 00:03:57,600 I remember flying to Bar Mitzvah from Vanessa's cousin and my 72 00:03:57,600 --> 00:03:59,720 luggage never made it to Miami, so I could even end up made 73 00:03:59,720 --> 00:04:01,280 going to bar Mitzvah. So I had to stay back in the 74 00:04:01,280 --> 00:04:04,800 hotel room and watch there him go to $860. 75 00:04:06,800 --> 00:04:11,800 That was that was crazy. Experience. 76 00:04:12,360 --> 00:04:14,520 That was crazy. I I mean that was I mean 77 00:04:14,520 --> 00:04:17,120 remember crypto punks hit $48,000 that day and it got 78 00:04:17,120 --> 00:04:20,360 swept up and now crypto punks wake up to $140,000 this 79 00:04:20,360 --> 00:04:22,880 morning. So that also is is is quite the 80 00:04:22,880 --> 00:04:24,880 single. But anyways so let's let's get 81 00:04:24,880 --> 00:04:28,120 into it right since we're we're kind of talking about it but 82 00:04:28,120 --> 00:04:31,440 today on the show, today, today I'm going to bring the wonderful 83 00:04:31,440 --> 00:04:32,960 Stacy up on stage with us right now. 84 00:04:33,160 --> 00:04:37,840 So today on the show today, today, well market updates and 85 00:04:37,840 --> 00:04:40,000 moves. I don't think we'll get to NFTS 86 00:04:40,000 --> 00:04:42,520 if we get there we do. If we don't we don't I do not 87 00:04:42,520 --> 00:04:44,520 think we're getting there. So we're going to heavily talk 88 00:04:44,520 --> 00:04:48,560 about ETFs and price action inflows and what not today of 89 00:04:48,560 --> 00:04:51,880 course. And then we will be joined by 90 00:04:52,080 --> 00:04:54,080 Eleanor Tourette, like I said earlier, our special guest at 91 00:04:54,080 --> 00:04:57,960 11:00 AM Eastern Standard Time. So about 15 minutes to go even 92 00:04:57,960 --> 00:04:59,920 deeper. And also like now the question 93 00:04:59,920 --> 00:05:02,080 is what's what now and what's next. 94 00:05:02,080 --> 00:05:06,600 As usual the show is being broadcasted on X and on YouTube. 95 00:05:07,040 --> 00:05:10,320 You can find us across our platform on video and on audio. 96 00:05:10,320 --> 00:05:15,080 I am about to post the broadcast link as we speak, but for more 97 00:05:15,240 --> 00:05:17,120 our already Hass, so find us there. 98 00:05:17,120 --> 00:05:21,000 So I mean you know let's go, let's go to a quick market 99 00:05:21,000 --> 00:05:22,840 report. You know what, let me, let me, 100 00:05:22,840 --> 00:05:25,600 let me go to Mando real quick and then we'll we'll say our GMs 101 00:05:25,600 --> 00:05:32,960 to Stacey who is the main macro daddy of the land. 102 00:05:36,640 --> 00:05:39,200 Can you dig it? Yeah, GM. 103 00:05:39,200 --> 00:05:41,000 Like I said, historic, historic day. 104 00:05:41,000 --> 00:05:45,280 It feels like Bitcoin. Bitcoin definitely 105 00:05:45,280 --> 00:05:47,960 underperformed the stuff that we were talking about yesterday 106 00:05:48,040 --> 00:05:53,720 where you know the I think if Bitcoin ratio was about nought 107 00:05:53,720 --> 00:05:58,360 .53 was it yesterday on nought point nought 5, three, sorry. 108 00:05:58,400 --> 00:06:04,160 And then it it gapped up higher. We kind of moved if I think went 109 00:06:04,160 --> 00:06:08,960 all the way up about 10% versus Bitcoin again on the day, which 110 00:06:08,960 --> 00:06:11,600 is kind of a a wild move but maybe not unexpected given we 111 00:06:11,600 --> 00:06:14,080 saw that kind of happen on the fake move out. 112 00:06:15,480 --> 00:06:18,640 So he's definitely led the rally, all the ETH, let's say 113 00:06:18,720 --> 00:06:23,320 ETH beta ecosystem coins mainly L twos pumped the most. 114 00:06:23,320 --> 00:06:26,520 You had things like Metis, you had things like Mantle, 115 00:06:27,480 --> 00:06:32,160 Arbitrum, optimism all hitting local highs or even all time 116 00:06:32,160 --> 00:06:35,680 highs I think for Mantle. So big, big moves across the L2 117 00:06:35,680 --> 00:06:38,240 ecosystem, the, the underperformers. 118 00:06:38,720 --> 00:06:43,680 Yeah, Bitcoin up until kind of this morning was was kind of 119 00:06:43,680 --> 00:06:47,440 hanging out roughly unchanged or up up only slightly. 120 00:06:47,720 --> 00:06:51,480 It then gapped with the, with the start of this ETF all the 121 00:06:51,480 --> 00:06:56,840 way up to 49 K it's back down to 47 K You're seeing unbelievable 122 00:06:56,840 --> 00:07:00,520 volumes go through for the ETF. Unbelievable in the broader 123 00:07:00,520 --> 00:07:02,720 macro sense. I don't know what people, if 124 00:07:02,720 --> 00:07:04,560 people had wild, wild expectations. 125 00:07:04,560 --> 00:07:08,160 I think Bloomberg said 4/4 billion was their expectation 126 00:07:08,160 --> 00:07:09,880 going into today. I feel like we're going to, 127 00:07:09,880 --> 00:07:12,160 we're going to go well above that. 128 00:07:12,360 --> 00:07:14,640 It looks like we're won't push a billion dollars in the 30 129 00:07:14,640 --> 00:07:15,800 minutes that it opened, by the way. 130 00:07:16,960 --> 00:07:19,640 Yeah, I I think I saw it. It was already at 2.5 nearly. 131 00:07:19,640 --> 00:07:22,840 So I think we're going to and we've you know we're only an 132 00:07:22,840 --> 00:07:25,080 hour into or just over an hour into the trading day. 133 00:07:25,080 --> 00:07:28,560 So I think we're going to have record ETF volumes there. 134 00:07:28,960 --> 00:07:31,080 I don't know about the the record inflows, but the volumes 135 00:07:31,080 --> 00:07:32,600 are going to be unbelievably high. 136 00:07:33,200 --> 00:07:35,960 So looks like it's going to be a success, although Bitcoin is 137 00:07:35,960 --> 00:07:39,960 slightly having a bit of a sell the news as this has happened. 138 00:07:41,000 --> 00:07:43,640 I would say the strongest narrative still feels like ETH 139 00:07:43,640 --> 00:07:48,600 right now, just because again, this has been a lot of focus as 140 00:07:48,600 --> 00:07:51,840 we've spoken about on the next play here. 141 00:07:52,840 --> 00:07:55,600 So people are looking to ETH, but there's there have been some 142 00:07:55,600 --> 00:07:59,800 other movies as well. Meme coins had some wild wild 143 00:07:59,800 --> 00:08:01,920 moves higher, particularly on Solana. 144 00:08:02,440 --> 00:08:08,840 You had I think with did like a a 3X over the space of about 12 145 00:08:08,840 --> 00:08:12,200 hours about that. Like who only? 146 00:08:12,280 --> 00:08:15,720 Was late last night. I I remember I just got in one 147 00:08:15,720 --> 00:08:17,480 of the group chats and we were with OSF. 148 00:08:17,480 --> 00:08:20,560 He just puts like somebody just bought 6 1/2 million dollars of 149 00:08:20,560 --> 00:08:24,640 with it gapped up to a this is a a coin which is trading at $18 150 00:08:24,640 --> 00:08:27,600 million market or 100. 110 hundred and 20 million. 151 00:08:27,600 --> 00:08:32,000 Dollar market cap It gapped to 3 billion and then and then. 152 00:08:32,679 --> 00:08:35,200 Look at that Wick man. Fill the Wick. 153 00:08:35,559 --> 00:08:38,840 Fill the Wick from 3 billion. Look at what I have to do here, 154 00:08:39,080 --> 00:08:40,840 Mando. I have to like literally just 155 00:08:41,000 --> 00:08:44,400 like get it. I've never seen, I've actually 156 00:08:44,400 --> 00:08:48,400 never seen anything like that. Like even in crypto that's that 157 00:08:48,400 --> 00:08:51,480 is full degen. So yeah, that happened and that 158 00:08:51,480 --> 00:08:54,480 set off just like a wild move. The trader himself lost about $4 159 00:08:54,480 --> 00:08:56,960 million in the process of even doing this trade. 160 00:08:57,920 --> 00:09:00,640 But everyone was like, that's just so DJ and we have to 161 00:09:00,640 --> 00:09:04,280 respect it It it seemed to do like a move up 50% on the back 162 00:09:04,280 --> 00:09:05,360 of that. Then you had Arthur Hayes 163 00:09:05,360 --> 00:09:07,240 tweeting about it and then you had about three different 164 00:09:07,240 --> 00:09:10,920 exchanges, decided they needed to list it this morning and I 165 00:09:10,920 --> 00:09:15,080 think it went all the way up to like nought .35, right like it. 166 00:09:15,120 --> 00:09:18,200 It really went close to its all time high and then the sit and 167 00:09:18,200 --> 00:09:21,880 stick back down. But that is just like, I don't 168 00:09:21,880 --> 00:09:25,840 know, it's it's indicative of what the risk taking appetite 169 00:09:25,880 --> 00:09:30,120 seems to be over the last 24 hours like it was we everything 170 00:09:30,400 --> 00:09:34,960 with a pulse was rallying and it really did feel like a bit of a 171 00:09:34,960 --> 00:09:38,120 wagging season because you started to see Solana catch up 172 00:09:38,120 --> 00:09:40,320 and then Bitcoin started to move again this morning. 173 00:09:40,320 --> 00:09:44,120 So everything, everyone woke up with with things higher. 174 00:09:44,840 --> 00:09:47,360 I don't know if that's like too much euphoria. 175 00:09:48,040 --> 00:09:49,880 It does feel as though we're maybe getting a little bit of 176 00:09:49,960 --> 00:09:54,280 cold water right now on that. But yeah, it's been it's been a 177 00:09:54,280 --> 00:09:59,480 pretty wild, wild 24 hours. Yeah, it's been absolutely 178 00:09:59,480 --> 00:10:01,800 insane. 60. Which one of you decided to punt 179 00:10:01,800 --> 00:10:07,360 60,517 soul in one clip on a shit coin? 180 00:10:07,920 --> 00:10:12,040 I mean anybody in their mothers know that something that's why 181 00:10:12,040 --> 00:10:14,240 something leads me to think that this person just like knowingly 182 00:10:14,240 --> 00:10:16,240 did this and was just like reckless and didn't care. 183 00:10:16,600 --> 00:10:19,560 But like what? In the right minds of something 184 00:10:19,560 --> 00:10:22,440 like this it it makes no sense. But hey, good for the dog with 185 00:10:22,440 --> 00:10:25,400 hat because that thing just came back to life and is now sitting 186 00:10:25,400 --> 00:10:28,160 at twenty $25 million market cap and went back up to all the time 187 00:10:28,160 --> 00:10:30,560 of that 300 million. So shows you the risk appetite. 188 00:10:30,560 --> 00:10:33,920 I mean, Stacy, good morning. How are you doing today? 189 00:10:33,920 --> 00:10:35,520 I mean, what a time, what a time. 190 00:10:35,520 --> 00:10:37,080 We just had you on, what, Tuesday morning? 191 00:10:37,880 --> 00:10:40,760 I think it was yesterday. Maybe it was Tuesday morning. 192 00:10:40,760 --> 00:10:42,360 I don't know. Time has no meaning. 193 00:10:42,400 --> 00:10:48,120 OK, GM Guten Morgan. All in the same I mean Stacey 194 00:10:48,120 --> 00:10:51,320 talk to us what what what how what's your read on here like 195 00:10:51,320 --> 00:10:53,840 how how do you feel about all this I mean we saw what can you 196 00:10:53,840 --> 00:10:57,360 give us like the the TLDR of the news over the since we last saw 197 00:10:57,440 --> 00:10:59,280 you know words from Gary what not know you guys in The 198 00:10:59,280 --> 00:11:01,840 Newsroom at the crypt have been looks like you've been quite 199 00:11:01,840 --> 00:11:04,640 busy. Yeah, I mean, the last time I 200 00:11:04,640 --> 00:11:08,120 was on was before the fake tweet went out from the SEC, right? 201 00:11:08,120 --> 00:11:12,480 So like, a a ton of shit has happened since then. 202 00:11:13,280 --> 00:11:14,640 I don't know, man. It was wild. 203 00:11:14,640 --> 00:11:16,560 Like, we were so hesitant to even pull the trigger on 204 00:11:16,560 --> 00:11:19,720 publishing our story yesterday because we were like, OK, so 205 00:11:19,720 --> 00:11:21,840 that announcement just showed up and then disappeared. 206 00:11:21,840 --> 00:11:23,240 So maybe this is the hacker again. 207 00:11:23,240 --> 00:11:28,160 Maybe the hacker is still in the house over at the SEC, so all of 208 00:11:28,160 --> 00:11:31,520 the pending Bitcoin ETF applications have been approved, 209 00:11:31,520 --> 00:11:34,400 including hashtags, which for a little while we all thought was 210 00:11:34,400 --> 00:11:36,480 kind of out of the running because they were converting a 211 00:11:36,480 --> 00:11:39,280 Bitcoin futures ETF into a spot Bitcoin ETF. 212 00:11:39,280 --> 00:11:43,200 But yeah, there's now 11 different Bitcoin ETFs trading, 213 00:11:43,200 --> 00:11:46,200 which is just wild. Like it took us 10 years to get 214 00:11:46,200 --> 00:11:49,640 to this point. And the volume so far has been 215 00:11:49,640 --> 00:11:51,240 crazy. Like I was watching just the 216 00:11:51,240 --> 00:11:53,960 iShares one this morning. That's the Black Rock Bitcoin 217 00:11:53,960 --> 00:11:57,120 ETF and it looked like they had moved like 3 million shares and 218 00:11:57,120 --> 00:11:59,480 that was in pre market trading. That was before it like markets 219 00:11:59,480 --> 00:12:02,920 even opened here in the States and I think it only took like 15 220 00:12:02,920 --> 00:12:04,960 minutes to get up to like 10 million shares having moved. 221 00:12:04,960 --> 00:12:08,720 I haven't checked it recently but like these things are flying 222 00:12:09,520 --> 00:12:11,120 like you guys were saying. Like, I really do think we're 223 00:12:11,120 --> 00:12:14,200 going to clear all the estimates and like these are going to be 224 00:12:14,200 --> 00:12:18,000 like record-breaking days, like day ones for all these ETFs, or 225 00:12:18,000 --> 00:12:21,120 at least definitely for the the IBIT 1, the iShares 1. 226 00:12:22,360 --> 00:12:25,200 Yeah, that's So what what are we looking at right now, Stacey? 227 00:12:25,280 --> 00:12:28,440 We're looking at what one, what, $2 billion almost inflows? 228 00:12:29,280 --> 00:12:32,360 I think so, yeah. I'm checking out looking 229 00:12:32,400 --> 00:12:35,120 together. That's that's absolutely insane. 230 00:12:36,240 --> 00:12:39,120 And So what it was dude this this is so crazy what's 231 00:12:39,120 --> 00:12:41,280 happening right now. I mean we I've, I'm trying to 232 00:12:41,280 --> 00:12:42,920 keep up with all the news coming out. 233 00:12:42,920 --> 00:12:45,400 It's non-stop. You have Vanek like just putting 234 00:12:45,400 --> 00:12:48,520 out like brand new ads, no longer playing the ads on the 235 00:12:48,520 --> 00:12:50,760 show. By the way, sorry, y'all, but 236 00:12:51,320 --> 00:12:54,960 last time we played an ad from who was it there was a Pharrell 237 00:12:54,960 --> 00:12:57,240 song in there and they DMC in US in Russia. 238 00:13:01,480 --> 00:13:06,200 Oh so I guess we're not going to be playing the adverts here but 239 00:13:06,200 --> 00:13:08,800 you know you were you can, you can just go find out for 240 00:13:08,800 --> 00:13:15,360 yourself what what is going down on the on the on the on this 241 00:13:15,360 --> 00:13:18,520 side. But besides that, I mean, whoo. 242 00:13:20,080 --> 00:13:23,040 It's it's really just really just crazy. 243 00:13:23,040 --> 00:13:23,600 Stacy. What? 244 00:13:23,600 --> 00:13:25,080 What do you make of all this? What happens next? 245 00:13:26,440 --> 00:13:28,880 I mean, I think we're going to see all of the really eager 246 00:13:28,880 --> 00:13:30,680 money pour in. I think we're going to see a lot 247 00:13:30,680 --> 00:13:33,160 of institutions that have been sitting on the sideline decide, 248 00:13:33,160 --> 00:13:35,360 OK, now's the time. Like, we even saw that in some 249 00:13:35,360 --> 00:13:37,720 of the, like, different surveys and stuff that were coming out. 250 00:13:37,720 --> 00:13:41,040 Like people were talking to advisors saying, like, OK, if 251 00:13:41,040 --> 00:13:44,520 your clients aren't in crypto yet or Bitcoin specifically yet, 252 00:13:44,520 --> 00:13:46,960 what is keeping them back? A lot of them said once the ETF 253 00:13:46,960 --> 00:13:49,400 got approved, they would go in. So I think we're going to see 254 00:13:49,400 --> 00:13:52,400 like some really big money come in initially. 255 00:13:52,400 --> 00:13:55,160 And yeah, I mean, I think there's going to be a lot of 256 00:13:55,160 --> 00:13:57,440 interest in like kind of like essentially normies trying to 257 00:13:57,440 --> 00:14:00,400 figure out how to get in. Like, I don't know, OK. 258 00:14:00,400 --> 00:14:03,440 So like you have your, you know, retirement savings and like a 259 00:14:03,440 --> 00:14:06,200 target date fund or something like you can put a little bit of 260 00:14:06,200 --> 00:14:08,360 that into like a Bitcoin ETF. Why not? 261 00:14:09,680 --> 00:14:11,720 Like, I'm literally looking at trying to do some of that 262 00:14:11,720 --> 00:14:15,320 myself. So I don't know, like, I think 263 00:14:15,320 --> 00:14:17,400 now it's just going to be a matter of seeing like who's 264 00:14:17,400 --> 00:14:19,640 going to be the most dominant. Like, we're definitely going to 265 00:14:19,640 --> 00:14:21,760 be checking in over at decrypt, like kind of looking at OK, 266 00:14:21,760 --> 00:14:25,920 who's got the most market share. I think it's like a really easy 267 00:14:25,920 --> 00:14:30,400 prediction to say that BlackRock and the iShares ETF are going to 268 00:14:30,400 --> 00:14:32,520 kind of eat up most of it. But we'll see. 269 00:14:32,520 --> 00:14:35,360 It's kind of going to be looking at, OK, everyone who's not 270 00:14:35,360 --> 00:14:37,600 BlackRock like who's going to like win there. 271 00:14:38,640 --> 00:14:40,280 So I think it's going to be really interesting. 272 00:14:40,720 --> 00:14:43,040 The other thing is that now that because these are trading and 273 00:14:43,040 --> 00:14:44,840 we're going to get so much like different reporting and stuff 274 00:14:44,840 --> 00:14:47,240 coming through, the SEC is like we'll kind of be able to kind of 275 00:14:47,240 --> 00:14:49,080 pick through it and figure out who's doing what. 276 00:14:50,640 --> 00:14:52,240 I think it's going to be really interesting. 277 00:14:52,400 --> 00:14:54,960 It's it's wild. I know I saw a bunch of stuff 278 00:14:54,960 --> 00:14:58,440 coming out about Gary yesterday. Like, I mean, even Thanos 279 00:14:58,440 --> 00:14:59,680 thought he was doing the right thing. 280 00:14:59,680 --> 00:15:02,240 So I I'm trying not to dump too much on Gary. 281 00:15:03,040 --> 00:15:06,360 Yeah, yeah, yeah, I know. It's, it's interesting. 282 00:15:06,360 --> 00:15:09,560 I mean, he, he did, you know, he did reaffirm that the SEC does 283 00:15:09,560 --> 00:15:10,960 not endorse Bitcoin, right. Yeah. 284 00:15:11,240 --> 00:15:15,480 In his capitulation speech or whatever you want to call it on 285 00:15:15,480 --> 00:15:17,720 the SEC government, they may sure to put this in the 286 00:15:17,720 --> 00:15:19,520 conclusion too, right? Because everyone else you read 287 00:15:19,520 --> 00:15:22,120 the introduction, conclusion, nobody's reading the whole block 288 00:15:22,120 --> 00:15:25,360 text. Maybe you guys in The Newsroom, 289 00:15:25,560 --> 00:15:29,920 but you know. I mean, even for us, like for 290 00:15:29,920 --> 00:15:32,920 some of the really big long stuff, like sometimes we're 291 00:15:32,920 --> 00:15:35,000 checking that in AI just to be like, give me the highlights, 292 00:15:35,000 --> 00:15:36,240 please. Because, like, that's the 293 00:15:36,240 --> 00:15:38,560 closest thing we get to like having like, a news assistant 294 00:15:38,560 --> 00:15:40,640 who can read stuff for us and be like, OK, here's what you need 295 00:15:40,640 --> 00:15:42,360 to care about. Yeah. 296 00:15:42,400 --> 00:15:43,640 No, that's how. Wild. 297 00:15:43,680 --> 00:15:45,280 Wild is it. Don't even put that in. 298 00:15:45,280 --> 00:15:46,320 Right. You're now saying the the 299 00:15:46,320 --> 00:15:49,280 biggest volumes ever most probably for an ETF like and 300 00:15:49,280 --> 00:15:52,040 he's saying oh we don't endorse. It's like you're just being 301 00:15:52,040 --> 00:15:53,960 proved that people want this product. 302 00:15:54,000 --> 00:15:56,120 Like they they want this product even. 303 00:15:56,920 --> 00:16:00,080 Yeah, in a regulated way. But like you can't just keep on 304 00:16:00,080 --> 00:16:02,600 standing in the way of people wanting to have this product. 305 00:16:02,600 --> 00:16:04,360 It seems. It seems wild to me that he 306 00:16:04,360 --> 00:16:06,400 still has that view. I don't know. 307 00:16:06,440 --> 00:16:09,720 I guess it's maybe like a it's like a private, I don't know 308 00:16:09,720 --> 00:16:11,640 what it is like. I don't like, OK fine, you're 309 00:16:11,640 --> 00:16:13,960 proving this thing, but you have to make all of these different 310 00:16:13,960 --> 00:16:17,240 like pronouncements about how like, well, we don't really 311 00:16:17,240 --> 00:16:19,600 endorse it, but you guys can trade it, right? 312 00:16:19,680 --> 00:16:23,160 And then like the trading, like the shares are flying on day 313 00:16:23,160 --> 00:16:25,280 one. So like, I don't know. 314 00:16:25,760 --> 00:16:28,480 I think he's trying to, I think he's trying to secure himself a 315 00:16:28,480 --> 00:16:31,680 nice consultancy job with JP Morgan or something, because him 316 00:16:31,680 --> 00:16:36,000 and Jamie Dimon seem to be seem to be pretty close when it comes 317 00:16:36,000 --> 00:16:38,680 to their opinions on that. Why? 318 00:16:38,720 --> 00:16:40,680 Like, you know, it's interesting to see JP Morgan. 319 00:16:40,680 --> 00:16:42,760 I mean, that's very much a thing, is that it's just a 320 00:16:42,760 --> 00:16:46,400 revolving door, like with Washington and the big banks and 321 00:16:46,400 --> 00:16:47,920 Wall Street. Like there's plenty of people 322 00:16:47,920 --> 00:16:49,560 who go back and forth, back and forth, right. 323 00:16:49,560 --> 00:16:51,400 Like I think they call them, you know, Goldman, Gary. 324 00:16:51,400 --> 00:16:55,480 So you never know. Yeah, we definitely never know 325 00:16:55,880 --> 00:16:58,600 what's happened on that front. And that's what I mean what is 326 00:16:58,600 --> 00:17:01,240 your, you know last question for you Stacy, I guess here is like 327 00:17:01,680 --> 00:17:03,760 what are you expecting next, I mean you're you're in there, 328 00:17:03,760 --> 00:17:06,119 you're reporting on this daily, you have obviously over 10 years 329 00:17:06,119 --> 00:17:08,599 experience in the financial markets here writing about them. 330 00:17:09,119 --> 00:17:13,480 What do you What happens now? So like our and especially for 331 00:17:13,480 --> 00:17:16,240 like covering like all the market stuff for decrypt, we're 332 00:17:16,240 --> 00:17:18,240 definitely shifting over and looking to see what's going to 333 00:17:18,240 --> 00:17:21,359 happen and how quickly we'll see movement for like the Ethereum 334 00:17:21,359 --> 00:17:22,960 ETFs. Like I'm seeing some predictions 335 00:17:22,960 --> 00:17:25,520 that like those will be approved within months, whereas like, you 336 00:17:25,520 --> 00:17:28,119 know, we had to wait 10 years to get to this point with Bitcoin. 337 00:17:28,600 --> 00:17:31,360 But now that we've got to spot Bitcoin ETF through, everyone's 338 00:17:31,360 --> 00:17:35,080 thinking that this is going to kind of speed up the ETF stuff 339 00:17:35,080 --> 00:17:38,360 for Ethereum. And then we keep seeing chatter 340 00:17:38,360 --> 00:17:41,440 about like a Solana ETF and I think that would be super 341 00:17:41,440 --> 00:17:44,360 exciting. I know all the soul like fanboys 342 00:17:44,360 --> 00:17:44,640 would. Let. 343 00:17:44,640 --> 00:17:46,960 Hold on, hold on, hold on. You got you got two manlets on 344 00:17:46,960 --> 00:17:49,480 this. Stage I know so but. 345 00:17:49,480 --> 00:17:50,960 It's. True, one is like the other. 346 00:17:51,200 --> 00:17:54,720 Problem is that like the SEC has blatantly called Solana an 347 00:17:54,720 --> 00:17:58,360 unregistered security, so like it would be really exciting but. 348 00:17:58,520 --> 00:18:01,680 Can I just say their words on? Other. 349 00:18:02,400 --> 00:18:03,080 Stuff. Thank you. 350 00:18:03,240 --> 00:18:05,320 Thank you for backing me up, Stacy, because I've been trying 351 00:18:05,320 --> 00:18:07,080 to tell these guys for the last few days. 352 00:18:07,440 --> 00:18:08,760 Every time I do, they just they just. 353 00:18:09,960 --> 00:18:11,560 Mando is muted. He's not approximately. 354 00:18:11,640 --> 00:18:13,840 I don't know. I just said she just said 355 00:18:13,840 --> 00:18:15,080 there's going to be a Solana ETF. 356 00:18:15,080 --> 00:18:16,880 This is going to be wild. Like. 357 00:18:19,520 --> 00:18:21,240 Yeah, right now it's not like what's going on here. 358 00:18:23,800 --> 00:18:26,360 I I I mean, I did. There was a lot of tweets and I 359 00:18:26,360 --> 00:18:29,400 think a lot of people speculating that if ET has an 360 00:18:29,400 --> 00:18:32,880 ETF, people will apply because I think Grayscale have a Solana 361 00:18:32,880 --> 00:18:37,280 product as well, right? They have like a a product we 362 00:18:37,280 --> 00:18:39,680 should eventually. The same as what the Grayscale 363 00:18:39,680 --> 00:18:42,560 Bitcoin Trust was before it became a spot ETF. 364 00:18:42,560 --> 00:18:46,680 They've got a Solana, Grayscale Solana Trust and I think there's 365 00:18:46,680 --> 00:18:47,960 a few other Solana products out there. 366 00:18:47,960 --> 00:18:50,560 Like we knew that like like institutional investors were 367 00:18:50,560 --> 00:18:54,160 interested in Solana and some of the other alts just because we 368 00:18:54,160 --> 00:18:56,040 were seeing a bunch of inflows when everyone was getting 369 00:18:56,040 --> 00:18:58,080 excited about the Bitcoin ETF maybe happening. 370 00:18:58,080 --> 00:19:01,040 So, like, there's interest. And The thing is, like, if 371 00:19:01,040 --> 00:19:03,080 there's interest, like they're going to find a way to make it 372 00:19:03,080 --> 00:19:05,160 happen. But Oh my God, like the SEC 373 00:19:05,160 --> 00:19:07,960 would have to eat so many words to, like, approve that. 374 00:19:07,960 --> 00:19:09,600 Almost even more so than with Bitcoin. 375 00:19:10,640 --> 00:19:14,840 Wow, OK. I mean, listen, I'm not against 376 00:19:14,840 --> 00:19:17,320 it. I I'm not against it. 377 00:19:17,320 --> 00:19:20,160 You know, I think now you know who the mandates are on this 378 00:19:20,160 --> 00:19:21,040 show. Stacey and. 379 00:19:21,320 --> 00:19:22,960 I do. Yeah, OK. 380 00:19:22,960 --> 00:19:28,040 And I mean, OV's first reaction yesterday, Obi's first tweet 381 00:19:28,040 --> 00:19:30,120 yesterday after Bitcoin approval, was not even whoever 382 00:19:30,120 --> 00:19:32,720 had to prove it. Remember that Gary Gensler in 383 00:19:32,720 --> 00:19:36,640 the SEC named a lot of the old coins into a security you know? 384 00:19:37,480 --> 00:19:43,120 But anyways, it's OK, it's OK. We said that today is Mando's 385 00:19:43,120 --> 00:19:46,680 turn because he tried to to shake us out of our hat coin and 386 00:19:46,680 --> 00:19:48,400 then that didn't work out pretty well for him. 387 00:19:48,680 --> 00:19:51,640 So did you sell it? I did. 388 00:19:51,640 --> 00:19:53,600 Obi didn't. All right. 389 00:19:53,600 --> 00:19:55,920 I mean, but did you sell it when it went higher or or we just 390 00:19:56,960 --> 00:20:00,120 does the hat stay on forever? I'm a comedian. 391 00:20:00,840 --> 00:20:03,920 You know me, Ovi and I are like the best community members. 392 00:20:03,920 --> 00:20:05,680 Don't think you'll. Ever sell these coins? 393 00:20:05,680 --> 00:20:07,360 That's the point. Like there's no level. 394 00:20:07,360 --> 00:20:09,600 Like it couldn't have gone any higher today. 395 00:20:09,600 --> 00:20:11,560 And OSF in the chat being like no, no. 396 00:20:12,360 --> 00:20:13,920 Not selling. Not selling. 397 00:20:13,920 --> 00:20:15,200 Think. It's going higher, A. 398 00:20:15,560 --> 00:20:19,160 Hat a hat stays on boys. DJN's going to DJN. 399 00:20:19,160 --> 00:20:21,480 DJN's going to DJN. But anyways that's I think this 400 00:20:21,480 --> 00:20:25,400 is a really good I I didn't, I had not heard that more like 401 00:20:25,400 --> 00:20:28,160 Solana ETF thing like you. You should send me something so 402 00:20:28,160 --> 00:20:30,720 I can maybe check look into it myself. 403 00:20:30,720 --> 00:20:32,720 I got stuff. I can send you. 404 00:20:33,000 --> 00:20:37,000 OK, OK, OK, sources, let's go. Let's go show me them, show me 405 00:20:37,000 --> 00:20:38,240 those things. But you know the most. 406 00:20:39,760 --> 00:20:44,040 Headline out Solana ETF? Come someone files for Solana 407 00:20:44,040 --> 00:20:45,400 ETF. Where's Solana going there? 408 00:20:46,720 --> 00:20:48,040 I really think they're going to see that's. 409 00:20:48,200 --> 00:20:49,320 A wild move. Look in the network. 410 00:20:49,440 --> 00:20:50,800 Now we're. Probably see a filing. 411 00:20:50,800 --> 00:20:52,880 I'm not saying it's going to get approved, but I think somebody's 412 00:20:52,880 --> 00:20:55,280 going to try, somebody is going to run and try to like snatch 413 00:20:55,280 --> 00:20:57,120 that ground. Well, it seems like everyone's 414 00:20:57,120 --> 00:20:58,920 going to try to go to everything like they're trying to go to 415 00:20:58,920 --> 00:21:00,880 like XRP, they're trying to go to obviously this ETH coming 416 00:21:00,880 --> 00:21:03,120 next. So yeah, XRP Army is going to 417 00:21:03,120 --> 00:21:04,520 like, rise up. Are you kidding me? 418 00:21:04,760 --> 00:21:07,240 Oh yeah. That's like the strongest army 419 00:21:07,240 --> 00:21:10,680 on X, so that's for sure. But anyway, what? 420 00:21:10,680 --> 00:21:13,440 You'll see is if you get loads of these applications it will 421 00:21:13,440 --> 00:21:16,520 start to feel very diluted very quickly like the Bitcoin ETF was 422 00:21:16,520 --> 00:21:19,840 super novel. The we're all really bullish on 423 00:21:19,920 --> 00:21:22,200 ETH because that's next. But the effect on ETH will be 424 00:21:23,640 --> 00:21:27,440 you know haircut from from from what it was for for Bitcoin. 425 00:21:27,440 --> 00:21:29,440 And the next one we'll have an even bigger haircut. 426 00:21:29,440 --> 00:21:32,440 So I think like in two weeks we have like oh they've just pipe 427 00:21:32,440 --> 00:21:34,480 Flex, Lana, Ripple, AVAX, etcetera. 428 00:21:34,480 --> 00:21:36,120 Then people are going like, OK, cool, like. 429 00:21:36,800 --> 00:21:38,240 And it'll be diminishing returns. 430 00:21:38,240 --> 00:21:40,360 It's going to be boring at some point. 431 00:21:40,360 --> 00:21:42,720 Like, for all the, like, breathless hype we have around 432 00:21:42,720 --> 00:21:46,000 this ET the Bitcoin one, eventually it's just going to be 433 00:21:46,000 --> 00:21:47,480 very boring stuff. Like, no one's going to be like, 434 00:21:47,480 --> 00:21:52,240 oh, another one, OK. Yeah, that's that's exactly it. 435 00:21:52,240 --> 00:21:55,440 So Stacy, thank you so much. We did have you more, we didn't, 436 00:21:55,640 --> 00:21:59,120 we didn't have you more. You know hopefully you like our 437 00:21:59,120 --> 00:22:00,360 vibe. I mean we're a little crazy on 438 00:22:00,360 --> 00:22:01,760 this side, you know, but we're DJs. 439 00:22:01,760 --> 00:22:03,000 But we also, you know, we do both. 440 00:22:03,000 --> 00:22:04,480 We do a little bit of this, a little bit of that. 441 00:22:04,480 --> 00:22:05,800 You know I don't mind a. Little crazy. 442 00:22:05,840 --> 00:22:08,920 That's fine. Plus we've got matching mics, so 443 00:22:08,920 --> 00:22:10,400 I love that. Thank you for having so much for 444 00:22:10,400 --> 00:22:11,560 your comment, Stacy. Appreciate you. 445 00:22:12,120 --> 00:22:14,400 Sure, later guys. All right. 446 00:22:14,400 --> 00:22:16,240 All right. Stacy cooks. 447 00:22:16,240 --> 00:22:18,520 I got to say Stacy. Stacy cooks. 448 00:22:18,520 --> 00:22:20,600 I we got to. I think we need to make Stacy a 449 00:22:20,600 --> 00:22:22,560 thing more. I mean let the audience here. 450 00:22:22,680 --> 00:22:25,480 We have a lot of the OG audience down in the down there like give 451 00:22:25,480 --> 00:22:27,800 me some thumbs up. You know give me some thumbs up 452 00:22:27,800 --> 00:22:29,600 some some hearts. If you want to see Stacy Armor 453 00:22:29,600 --> 00:22:35,280 remember to retweet and share as we are live both on X Video, on 454 00:22:35,320 --> 00:22:37,560 X Audio. We're live on YouTube on Rock 455 00:22:37,560 --> 00:22:40,080 Videos YouTube. And we are now joined. 456 00:22:40,080 --> 00:22:43,040 I'm going to let Sam's here the honors of bringing our special 457 00:22:43,040 --> 00:22:48,720 guest of the day, Eleanor Tourette of Fox Business, AKA 458 00:22:48,720 --> 00:22:58,680 the Queen of ETS. Eleanor, good morning or GM and 459 00:22:58,680 --> 00:23:01,960 our on our side of of X. How you doing today, GM? 460 00:23:01,960 --> 00:23:04,200 Guys, wow. I don't think I've ever had such 461 00:23:04,200 --> 00:23:06,000 an entrance before. Thank you for that. 462 00:23:06,760 --> 00:23:08,800 Yeah, I mean. Listen, this is, this is how we 463 00:23:08,800 --> 00:23:11,080 hype the people up over here on rug radio. 464 00:23:11,280 --> 00:23:12,840 You know, this is how we like to do things. 465 00:23:12,840 --> 00:23:16,400 And or first and foremost, you know, how was pub key last 466 00:23:16,400 --> 00:23:18,720 night? It seems like everybody and 467 00:23:18,720 --> 00:23:21,640 their mothers were at Pub Key celebrating the ETFs. 468 00:23:21,640 --> 00:23:23,600 Pub key was pretty. Cool. 469 00:23:23,600 --> 00:23:28,280 I've actually been wanting to go there for a while. 470 00:23:28,280 --> 00:23:30,960 It was my first time last night. It's it's a cool spot. 471 00:23:30,960 --> 00:23:33,640 And obviously, you guys know, Bitcoin is accepted there for 472 00:23:33,640 --> 00:23:36,760 payment for drinks and burgers. So kind of just added to the 473 00:23:37,200 --> 00:23:39,480 celebratory vibe of the whole thing yesterday. 474 00:23:39,760 --> 00:23:42,600 So yeah, it was fun. Got to meet very, very cool 475 00:23:42,600 --> 00:23:44,680 people. Obviously I knew Steve Mcclurg 476 00:23:44,680 --> 00:23:48,240 already from from Valkyrie. And then I met Peter McCormick 477 00:23:48,240 --> 00:23:50,080 and James Seifert. Oh my goodness. 478 00:23:50,080 --> 00:23:52,400 He's like super cool in person, super nice guy. 479 00:23:52,400 --> 00:23:54,840 He's just as nice in person as he is like smart. 480 00:23:54,880 --> 00:23:56,600 You know what I mean? Like cool people. 481 00:23:57,080 --> 00:23:57,880 I love that. I. 482 00:23:57,880 --> 00:23:58,760 Saw. I saw. 483 00:23:58,760 --> 00:24:01,840 I saw a photo of you and and and and and James and it's like why 484 00:24:01,840 --> 00:24:06,320 you got like prom king and prom queen of ETFs in one photo. 485 00:24:06,320 --> 00:24:07,800 Of course. Shout out to Eric Bakunas who 486 00:24:07,800 --> 00:24:10,480 was on with here. We missed Eric. 487 00:24:10,480 --> 00:24:12,320 We missed Eric. He was apparently back in Philly 488 00:24:12,320 --> 00:24:14,240 with his family. So I love. 489 00:24:14,280 --> 00:24:15,280 Yeah, I love. Yeah. 490 00:24:15,280 --> 00:24:17,920 He turned in I think from Delaware last Friday. 491 00:24:17,960 --> 00:24:19,800 From the Delaware, they are they've. 492 00:24:19,880 --> 00:24:21,520 Turned into complete rock stars, right? 493 00:24:21,640 --> 00:24:23,880 Like they're all their followings have like doubled, 494 00:24:23,880 --> 00:24:25,520 tripled over the lovers the last month. 495 00:24:25,520 --> 00:24:28,040 It's wild, I mean, Eric said. I said to. 496 00:24:28,080 --> 00:24:30,600 James, I said. Oh my goodness, you you crossed 497 00:24:30,600 --> 00:24:34,320 100K yesterday and he was like, I didn't even like notice for a 498 00:24:34,320 --> 00:24:35,600 second. And then, you know, it's just 499 00:24:35,600 --> 00:24:39,320 amazing how how if you're an expert on something and people 500 00:24:39,320 --> 00:24:42,480 really trust your coverage and your expertise, then people are 501 00:24:42,480 --> 00:24:44,240 going to flock to you. And especially in crypto, 502 00:24:44,240 --> 00:24:47,480 because it's sort of more of a, it's everyone's online anyway, 503 00:24:47,480 --> 00:24:48,640 right? So everyone's going to flock to 504 00:24:48,640 --> 00:24:50,160 the people who are making the most sense. 505 00:24:50,160 --> 00:24:52,440 And I think James and Eric's Jerry, James and Eric really 506 00:24:52,440 --> 00:24:54,840 proved themselves for for the ETF. 507 00:24:55,520 --> 00:24:58,080 I agree. Yeah, they've been on one. 508 00:24:58,080 --> 00:25:00,160 And guess what, They're definitely running for the next 509 00:25:00,160 --> 00:25:02,240 ETF, which is Ethereum. But I'm sure we're going to get 510 00:25:02,240 --> 00:25:04,680 into that in a second. I mean, Eleanor, you have been, 511 00:25:04,680 --> 00:25:05,880 you know, covering this for a minute. 512 00:25:05,880 --> 00:25:08,680 I have to say, you gave me a little scare yesterday, OK. 513 00:25:09,240 --> 00:25:12,040 Because, you know, I was on, I started up a Twitter space two 514 00:25:12,040 --> 00:25:14,840 days ago on on on the fake news that we didn't know was fake, 515 00:25:14,840 --> 00:25:16,160 right. I mean, everybody fell for it, 516 00:25:16,160 --> 00:25:20,160 even the, the the Bloomberg boys and and so and so we start up a 517 00:25:20,160 --> 00:25:22,720 space bait and switch. Turns out it was fake yesterday. 518 00:25:22,720 --> 00:25:24,400 We have the ETF approval. Ish. 519 00:25:24,400 --> 00:25:27,360 Then the website goes down and then we're scared again. 520 00:25:27,440 --> 00:25:29,920 And we see your tweets saying, oh, oh, wait, some insurers 521 00:25:29,920 --> 00:25:34,200 haven't heard from the SEC yet. So, Eleanor, what now is my 522 00:25:34,200 --> 00:25:35,600 question. You know, we've been talking 523 00:25:35,600 --> 00:25:40,400 about these ETFs every day. OK, now they're here, all eleven 524 00:25:40,600 --> 00:25:44,920 coin talkie Derby has started. What are you hearing on your 525 00:25:44,920 --> 00:25:47,880 side as the market opened about an hour and a half ago? 526 00:25:48,880 --> 00:25:52,120 Well, I'm seeing tweets from Eric and James and everything 527 00:25:52,120 --> 00:25:55,600 looks very positive. I mean I think we kind of maybe 528 00:25:55,680 --> 00:25:58,880 guessed that Grayscale and and BlackRock will be the two ones 529 00:25:58,880 --> 00:26:00,360 to watch, right. And I think they have had the 530 00:26:00,360 --> 00:26:02,440 most volume. I'm not sure what the most 531 00:26:02,440 --> 00:26:05,760 recent number is, but the 1.2 billion in their first 30 532 00:26:05,760 --> 00:26:08,680 minutes of trading was was pretty historic and I know some 533 00:26:08,680 --> 00:26:11,400 people think this is these are going to be the most flows in 534 00:26:11,400 --> 00:26:14,000 ETF history, right. So, So we'll see. 535 00:26:14,000 --> 00:26:15,360 I mean that's just the 1st 30 minutes. 536 00:26:15,360 --> 00:26:17,880 I think we saw a pretty big spike in Bitcoin. 537 00:26:18,320 --> 00:26:20,520 Was it 49,000? I believe it hit before it's 538 00:26:20,520 --> 00:26:22,160 come back. Yeah, it's come back down a 539 00:26:22,160 --> 00:26:24,240 little bit. But I mean, I think it just goes 540 00:26:24,240 --> 00:26:27,440 to show the the excitement about this, this whole process. 541 00:26:27,440 --> 00:26:29,760 And I just want to clarify yesterday my, my tweet. 542 00:26:29,760 --> 00:26:33,960 So, you know, obviously as a journalist we were dumbfounded 543 00:26:33,960 --> 00:26:38,160 by the SEC hack because I mean the last thing, obviously you 544 00:26:38,160 --> 00:26:41,080 see these Twitter accounts posting these super fast Twitter 545 00:26:41,080 --> 00:26:43,320 accounts that have access to the wires, right. 546 00:26:43,320 --> 00:26:46,920 And they post bitcoins spot ETF approved via Gary Gensler SEC. 547 00:26:47,440 --> 00:26:50,720 And so you say, OK, obviously let's Fact Check that. 548 00:26:50,720 --> 00:26:53,560 But then when you see the SEC official Twitter account coming 549 00:26:53,560 --> 00:26:58,240 out with it with a graphic that looks very, very similar to ones 550 00:26:58,240 --> 00:27:01,680 that the SEC has used before, that's an official account. 551 00:27:01,680 --> 00:27:04,960 So you're not your first thought is not to be like, oh, hmm, let 552 00:27:04,960 --> 00:27:07,520 me study that graphic. Let me study the language used 553 00:27:07,520 --> 00:27:09,520 on there and and and let me see if that's fake. 554 00:27:09,520 --> 00:27:13,120 So we were all just blindsided, I think not just journalists but 555 00:27:13,120 --> 00:27:15,680 obviously the Bloomberg guys, everybody in the space. 556 00:27:15,680 --> 00:27:18,040 We couldn't really believe it. But then yesterday when the 557 00:27:18,040 --> 00:27:22,520 website crashed, that was just, I mean, you couldn't write it 558 00:27:22,520 --> 00:27:24,720 any better. We were like we were like no, no 559 00:27:24,720 --> 00:27:28,000 way is this happening right now. But you know, luckily and I had 560 00:27:28,000 --> 00:27:30,560 reached out to some issues and they were like, well nothing's 561 00:27:30,560 --> 00:27:32,760 really approved. Nothing's really set in stone 562 00:27:32,760 --> 00:27:36,200 until we get those uploads to the SEC website and then about 563 00:27:36,200 --> 00:27:38,920 10 minutes later we got the SEC official statement on the 564 00:27:38,920 --> 00:27:40,960 website. The 19 B fours were were 565 00:27:40,960 --> 00:27:43,560 approved. So it was a happy ending, but 566 00:27:43,560 --> 00:27:45,360 there were some heart stopping moments yesterday. 567 00:27:45,360 --> 00:27:47,640 I'll tell you that for sure, yeah. 568 00:27:47,720 --> 00:27:51,960 It's it's it's it's quite crazy to see it you know go through. 569 00:27:51,960 --> 00:27:54,800 When when did you start reporting on all these the ETF 570 00:27:54,800 --> 00:27:56,240 matters you've been you've been doing this for? 571 00:27:57,720 --> 00:28:01,680 Yeah, a couple months I I first started reporting on crypto late 572 00:28:01,680 --> 00:28:05,200 2021 and it first started out with the Ripple SEC case. 573 00:28:05,480 --> 00:28:07,480 So I heard you guys talking about the XRP army. 574 00:28:07,480 --> 00:28:09,960 They are, they are quite the crowd, that's for sure. 575 00:28:11,680 --> 00:28:13,720 They are. Quite the crowd, indeed. 576 00:28:13,720 --> 00:28:15,080 How I have a question. Like how? 577 00:28:15,520 --> 00:28:17,520 And you don't have to answer what you you can't answer, of 578 00:28:17,520 --> 00:28:20,040 course, but obviously you you operate within a very large 579 00:28:20,040 --> 00:28:21,960 media organization, one of the largest in the world. 580 00:28:22,840 --> 00:28:25,720 How you you were reporting on crypto quite early when it comes 581 00:28:25,720 --> 00:28:27,280 to that, especially with ETS, right? 582 00:28:27,280 --> 00:28:29,840 Two years ago, 2 1/2, some years ago. 583 00:28:30,040 --> 00:28:33,520 How is it being received now behind the scenes, like now and 584 00:28:33,520 --> 00:28:35,400 then, like then there's no ETS now there's a test. 585 00:28:35,400 --> 00:28:37,360 The game changed, right? Yeah, absolutely. 586 00:28:37,360 --> 00:28:40,120 I mean, if you look at our audience, we're more of a trad 587 00:28:40,120 --> 00:28:42,720 Fi audience, right? Fox Business, CNBC, Bloomberg, 588 00:28:43,000 --> 00:28:47,160 we attract the more tradfi boomer, I guess you could say 589 00:28:48,120 --> 00:28:50,680 population. So yeah, for, for a while. 590 00:28:50,680 --> 00:28:54,360 I mean especially let's, I mean let's go back to even like 2017, 591 00:28:54,360 --> 00:28:56,600 right. With the ICO boom from 2017 to 592 00:28:56,600 --> 00:29:00,080 2020, the mainstream media really wasn't covering crypto at 593 00:29:00,080 --> 00:29:02,120 all. I think I first started hearing 594 00:29:02,120 --> 00:29:06,680 about rumblings about MSN coverage of me crypto, I'd say 595 00:29:06,680 --> 00:29:10,760 around like 2020-2021. So that was really sort of when 596 00:29:10,760 --> 00:29:12,920 it it started to trickle in, I think. 597 00:29:12,920 --> 00:29:16,760 And then honestly I think I can say with the Ripple coverage, my 598 00:29:16,760 --> 00:29:21,840 boss Charlie and I, we we obviously we did that deep dive 599 00:29:21,840 --> 00:29:23,160 into it. We did like an Opus. 600 00:29:23,160 --> 00:29:27,200 We called it like a 10,000 word article on what happened, why it 601 00:29:27,200 --> 00:29:30,640 happened, who was involved. And from there it just really 602 00:29:30,640 --> 00:29:32,120 got interesting. We're like, OK, this is a 603 00:29:32,120 --> 00:29:35,120 really, really cool space and not very many people are talking 604 00:29:35,120 --> 00:29:36,520 about it. We would cover like on the 605 00:29:36,520 --> 00:29:38,560 network, we'd cover obviously the prices, right. 606 00:29:38,760 --> 00:29:43,520 We'd cover crypto as as an investment vehicles, Bitcoin, 607 00:29:43,520 --> 00:29:45,840 Ethereum. We would also cover Litecoin for 608 00:29:45,840 --> 00:29:48,040 something I'm not entirely sure. We would always have like those 609 00:29:48,040 --> 00:29:50,280 three on the screen and people would reach out to me on Twitter 610 00:29:50,280 --> 00:29:52,480 and say why is Fox so interested in Litecoin? 611 00:29:52,480 --> 00:29:54,520 I was like, I think it's just one of the ones we have like hot 612 00:29:54,520 --> 00:29:57,080 boards for like we can actually track that in our system. 613 00:29:57,080 --> 00:30:01,160 So it's up there. And then yeah, it just got 614 00:30:01,160 --> 00:30:03,880 really, really interesting And I think from a regulatory 615 00:30:03,880 --> 00:30:06,840 standpoint, that's my expertise. You know, I, I, I love the 616 00:30:06,840 --> 00:30:08,600 space. I love covering different 617 00:30:08,600 --> 00:30:11,520 things, but I'd say my specialty is really in the the regulation 618 00:30:12,400 --> 00:30:14,560 wheelhouse. So and that's what everybody's 619 00:30:14,560 --> 00:30:16,560 focused on, right? Everybody cares what the SEC 620 00:30:16,560 --> 00:30:18,520 says. I think Once Upon a time the 621 00:30:18,520 --> 00:30:21,360 SEC, SEC has always been there. Obviously they've always played 622 00:30:21,360 --> 00:30:24,720 a role in the markets, but but they are so watched in the 623 00:30:24,720 --> 00:30:28,480 crypto space because they are the ones who say yay or nay and 624 00:30:28,760 --> 00:30:32,480 yeah, covering them has been just a wild roller coaster. 625 00:30:33,600 --> 00:30:36,480 Yeah that's that is that's I mean what do you what do you 626 00:30:36,480 --> 00:30:38,440 make then of what what would Gary, we were just talking about 627 00:30:38,440 --> 00:30:40,840 this with Stacey Elliott, right. Why would you know? 628 00:30:40,840 --> 00:30:42,080 What do you make of his statement? 629 00:30:42,080 --> 00:30:44,400 His closing statement being that you know, the SEC does not 630 00:30:44,400 --> 00:30:49,760 endorse nor approve of Bitcoin. But you know, I think. 631 00:30:50,160 --> 00:30:53,160 We got the approvals. That's one small step, right? 632 00:30:53,160 --> 00:30:56,760 I I think it would be asking a lot for Gary Gunzo to come out 633 00:30:56,760 --> 00:31:00,080 and say I love Bitcoin and you know we're endorsing it from 634 00:31:00,080 --> 00:31:02,440 here Con. I think that was kind of a a 635 00:31:02,440 --> 00:31:04,760 given that he had to come out and say because he's he's 636 00:31:04,760 --> 00:31:07,480 basically staked his career on this thing, right. 637 00:31:07,480 --> 00:31:10,760 He's made a name for himself as the guy who's going after 638 00:31:10,840 --> 00:31:13,960 cryptocurrency. So it wouldn't be on very on 639 00:31:13,960 --> 00:31:17,280 brand for him to come out and say yay Bitcoin, here we are and 640 00:31:17,280 --> 00:31:20,280 you know then go after altcoins in the way that he's been going 641 00:31:20,280 --> 00:31:23,560 after all coins. So I read the statement, you 642 00:31:23,560 --> 00:31:26,600 know, because we are proving this today does not mean that 643 00:31:26,600 --> 00:31:28,880 we're endorsing Bitcoin and we still believe it's a vehicle for 644 00:31:28,880 --> 00:31:31,360 money laundering and scammers totally on brand. 645 00:31:31,520 --> 00:31:33,200 But you got to look at his actions. 646 00:31:33,200 --> 00:31:36,600 He was the deciding vote that made it a three, two vote from 647 00:31:36,600 --> 00:31:38,600 the SEC Commission that passed these things. 648 00:31:38,600 --> 00:31:40,760 So you got to look at actions, yeah? 649 00:31:41,880 --> 00:31:43,480 I was going to bring that up, right? 650 00:31:43,880 --> 00:31:45,720 Go ahead, Mando. But just quickly I was, I just 651 00:31:45,720 --> 00:31:48,040 wanted to bring this up right like you have. 652 00:31:48,240 --> 00:31:48,880 Go ahead, Mando. No. 653 00:31:50,840 --> 00:31:52,160 No, I don't know if there's a delay, but you go. 654 00:31:52,960 --> 00:31:54,520 So yeah, there was. There was a delay, Sorry, my 655 00:31:54,520 --> 00:31:55,440 bad. I apologize. 656 00:31:55,440 --> 00:31:57,280 But I was just going to bring this up quickly and I'll go to 657 00:31:57,280 --> 00:31:59,720 you is because you posted that yesterday went quite viral. 658 00:32:00,600 --> 00:32:03,480 So Gary, you're you're saying Gary had to approve this so 659 00:32:03,480 --> 00:32:06,040 there's a vote. You have Hester Pierce by the 660 00:32:06,040 --> 00:32:07,840 way. Hester Pierce for chair of the 661 00:32:07,840 --> 00:32:12,440 SECI stand. But I mean I loved her loved her 662 00:32:12,440 --> 00:32:14,480 message right after like it was phenomenal. 663 00:32:14,480 --> 00:32:17,080 I think if Hester Pierce becomes chair of this is or my opinion 664 00:32:17,080 --> 00:32:21,120 is my own none of Ruggedo Northern Crips nor Fox's you 665 00:32:21,120 --> 00:32:24,680 know 100 year bull run. But anyways, Hester Pierce, you 666 00:32:24,680 --> 00:32:29,600 have Gary Gensler. Someone called something Uyeda 667 00:32:29,600 --> 00:32:34,120 and Lizarraga that voted for and then Crenshaw and Lizarraga not 668 00:32:34,120 --> 00:32:35,760 approved. So Gary Gaza was a deciding 669 00:32:35,760 --> 00:32:39,520 factor like was the people. So what does that mean like? 670 00:32:40,760 --> 00:32:43,560 Well, as the chairman, he always gets the deciding vote right. 671 00:32:43,560 --> 00:32:47,040 But he is a Democrat, so he votes, he has the Democrat vote. 672 00:32:47,040 --> 00:32:51,280 And then you saw Lizarraga and Crenshaw, they're two Democrats. 673 00:32:51,280 --> 00:32:54,080 So I I think I put in that tweet or maybe one after that. 674 00:32:54,080 --> 00:32:57,600 You know, it was a little bit expected for Democrats to vote 675 00:32:57,760 --> 00:33:00,600 on party lines on this thing. But then Gensler really bucked 676 00:33:00,600 --> 00:33:03,840 the trend and I think, you know, I don't think that's him 677 00:33:04,040 --> 00:33:06,040 necessarily. You know, I don't think 678 00:33:06,080 --> 00:33:07,880 everything's going to get easier from this point on. 679 00:33:07,880 --> 00:33:10,000 I think that's, I think it's a very small step. 680 00:33:10,000 --> 00:33:14,000 It is a positive step, but I wouldn't expect him to start 681 00:33:14,000 --> 00:33:16,920 like endorsing all kinds of different spot ETFs. 682 00:33:16,920 --> 00:33:23,120 I I think I know this and consensus that an Ethereum spot 683 00:33:23,120 --> 00:33:25,160 will be coming in a few months. I think it definitely will be 684 00:33:25,160 --> 00:33:26,360 coming. I don't know if it will come 685 00:33:26,360 --> 00:33:28,920 that quickly. I think the structure is in 686 00:33:28,920 --> 00:33:31,000 place now, right? This was the first of its kind 687 00:33:31,280 --> 00:33:34,760 crypto based ETF and I think they had to figure out how to 688 00:33:34,800 --> 00:33:37,120 get it off the ground. All the disclosures involved, 689 00:33:37,120 --> 00:33:39,040 that really was the deciding factor at the end of the day, 690 00:33:39,040 --> 00:33:42,520 the SEC, it likes to regulate by enforcement, right? 691 00:33:42,520 --> 00:33:45,200 But at the end of the day, they are a disclosures based regime 692 00:33:45,200 --> 00:33:49,880 where their job is to say we've given you all the information we 693 00:33:49,880 --> 00:33:52,440 have, the issuers have given them us and you all the 694 00:33:52,440 --> 00:33:54,520 information you have, it's all on the table. 695 00:33:54,520 --> 00:33:58,400 So if you want to invest in this thing, buyer beware, it's your 696 00:33:58,400 --> 00:33:59,920 funeral. It's kind of what that's kind of 697 00:33:59,920 --> 00:34:02,920 what I got from from the statement that Gary sent out 698 00:34:03,000 --> 00:34:06,520 after after the approval. So the SEC has done its job. 699 00:34:06,520 --> 00:34:09,280 So for them to hold back and say no, they're we're just going to 700 00:34:09,280 --> 00:34:11,840 keep denying this thing on principle because we don't like 701 00:34:11,840 --> 00:34:14,280 cryptocurrency, that would have been a problem. 702 00:34:14,280 --> 00:34:15,880 I think they would have seen more lawsuits from that. 703 00:34:15,880 --> 00:34:18,679 So you know, they've done, they've done their job, but but 704 00:34:18,679 --> 00:34:23,120 are they going to treat other altcoins, Ethereum, you know, 705 00:34:23,120 --> 00:34:27,760 XRP, even I heard you guys talking about Solana with the 706 00:34:27,760 --> 00:34:30,520 same kind of treatment. Are they going to stay at the 707 00:34:30,520 --> 00:34:31,719 same? I I don't think so. 708 00:34:32,639 --> 00:34:33,719 OK. OK. 709 00:34:33,840 --> 00:34:35,800 I Amanda, do you want to try and go? 710 00:34:36,239 --> 00:34:37,719 Yeah, I don't know if this. Will delay. 711 00:34:37,719 --> 00:34:40,000 But yeah, I wanted to ask because obviously you work at 712 00:34:40,000 --> 00:34:41,840 Fox, right? It's quite mainstream. 713 00:34:42,639 --> 00:34:45,560 What has it been like in terms of you getting asked questions 714 00:34:45,560 --> 00:34:47,480 even internally? Like, are you starting to see 715 00:34:47,480 --> 00:34:49,360 some of the other business reporters start to look at this 716 00:34:49,360 --> 00:34:51,520 sort of stuff? Are you starting to see more 717 00:34:51,520 --> 00:34:54,760 interest in terms of traffic maybe to the stuff that you're 718 00:34:54,760 --> 00:34:58,000 doing? Like, how do you feel it it is 719 00:34:58,000 --> 00:34:59,880 in terms of mainstream finance media? 720 00:34:59,880 --> 00:35:01,520 Like is it starting to now dominate? 721 00:35:02,560 --> 00:35:04,960 Yeah, I wouldn't say it's dominating, but it's definitely 722 00:35:04,960 --> 00:35:07,560 picked up in the last two years. I've been covering it. 723 00:35:07,760 --> 00:35:11,680 I'd say like tenfold because we're getting a lot more 724 00:35:11,840 --> 00:35:14,680 interest from Congress now. I think you know, and we we are 725 00:35:14,680 --> 00:35:17,760 obviously we're Fox and so we do talk a lot about what's going 726 00:35:17,760 --> 00:35:21,160 on, on the hill and especially at the Business Network we we 727 00:35:21,160 --> 00:35:24,120 like to tailor that to you know, what's going on with regulation 728 00:35:24,120 --> 00:35:26,080 of businesses and and all that kind of fun stuff. 729 00:35:26,080 --> 00:35:29,120 So when you hear from people like Patrick McHenry and French 730 00:35:29,120 --> 00:35:31,880 Hill like you did yesterday, they said, you know, this is a 731 00:35:31,880 --> 00:35:35,440 historic moment for for crypto. We're really happy this 732 00:35:35,440 --> 00:35:38,000 happened. We're paying attention to how 733 00:35:38,000 --> 00:35:40,520 regulators, I'm sorry, lawmakers are seeing it. 734 00:35:40,600 --> 00:35:43,880 And I think you, you've seen an increased interest with the two 735 00:35:43,880 --> 00:35:46,720 bills that are now still in the House. 736 00:35:46,720 --> 00:35:47,680 They have to pass out of the House. 737 00:35:47,680 --> 00:35:50,280 They pass out of the House Financial Services Committee, 738 00:35:50,280 --> 00:35:52,520 the market structure bill and the stable coin bill. 739 00:35:52,520 --> 00:35:56,480 So definitely an increase in visibility for sure. 740 00:35:56,480 --> 00:35:59,080 And then you've got, you've got all the crypto organizations 741 00:35:59,080 --> 00:36:02,840 lobbying the Hill and lobbying Congress for better regulations 742 00:36:02,840 --> 00:36:06,400 for let's work together hand in hand to make this industry work. 743 00:36:06,880 --> 00:36:11,440 And in terms of coverage, yeah, you know, I think this year will 744 00:36:11,440 --> 00:36:15,240 be definitely monumental for, well, for crypto in general, but 745 00:36:15,240 --> 00:36:21,000 also for kicking up the Trapfi interest, I mean just the ETF 746 00:36:21,000 --> 00:36:23,240 alone, right, That that's all we covered on the network. 747 00:36:23,240 --> 00:36:25,840 This, I mean, from my perspective, mine and Charlie's 748 00:36:25,840 --> 00:36:27,960 perspective, that's literally all we covered on air. 749 00:36:27,960 --> 00:36:30,120 And and there's a lot of interest from the network, from 750 00:36:30,120 --> 00:36:31,480 other reporters, from management. 751 00:36:31,480 --> 00:36:35,120 People are asking questions now that's. 752 00:36:35,520 --> 00:36:37,000 That's something that you love to see. 753 00:36:37,040 --> 00:36:41,320 I mean, hey, the Fox reporters are buying our bikes, boys play 754 00:36:41,320 --> 00:36:44,200 with you. But it's it's inherently like a 755 00:36:44,200 --> 00:36:45,160 lot of people. This is true. 756 00:36:45,160 --> 00:36:47,440 Like a lot of people that necessarily didn't want to go 757 00:36:47,440 --> 00:36:49,640 through the regular crypto on ramp. 758 00:36:49,640 --> 00:36:53,400 Regular, sorry, irregular, mind you, but regular for us crypto 759 00:36:53,400 --> 00:36:56,160 on ramps such as decentralized exchanges or even the 760 00:36:56,160 --> 00:36:59,400 centralized one, whether Coinbase or not, feel much more 761 00:36:59,400 --> 00:37:01,880 comfortable buying through ETFs. And that's just the truth. 762 00:37:02,160 --> 00:37:04,640 That's just that's just that's just the way she goes. 763 00:37:04,680 --> 00:37:07,400 And and I have to say those takers are pretty interesting 764 00:37:07,680 --> 00:37:10,760 Eleanor for when it comes to the ETFs you have. 765 00:37:11,040 --> 00:37:15,040 I saw a tweet yesterday about about all eleven of them and 766 00:37:15,280 --> 00:37:17,000 they're they're really good. What ones? 767 00:37:17,160 --> 00:37:19,600 Which was your favorite ticker? I kind of I wanted to ask the 768 00:37:19,600 --> 00:37:22,320 boys earlier, what's everyone's favorite ticker on this one you 769 00:37:22,320 --> 00:37:26,280 have. I bid for backlog, GBTC, Puddle, 770 00:37:26,280 --> 00:37:28,040 Arc, You know what's your favorite 1 Eleanor? 771 00:37:30,000 --> 00:37:32,680 I think I'd have to say huddle, just because that is such a 772 00:37:32,680 --> 00:37:34,800 crypto term, it is not even funny. 773 00:37:34,800 --> 00:37:37,160 And just the fact that Vanek capitalized on that, I think 774 00:37:37,160 --> 00:37:39,560 it's really funny. That's a Vanek I. 775 00:37:39,560 --> 00:37:43,600 Have to say the Vanek intern is the best intern and all like all 776 00:37:43,600 --> 00:37:47,120 8 issuers because they're so funny on Twitter and all XI mean 777 00:37:47,240 --> 00:37:49,960 mando your favorite one's Burr. I have to say the Burr one is 778 00:37:49,960 --> 00:37:51,120 great. The Valkyrie one. 779 00:37:52,320 --> 00:37:54,520 I like that. That one is good money for it to 780 00:37:54,520 --> 00:37:56,320 go Burr. You know, what are you thinking? 781 00:37:56,440 --> 00:37:57,600 Of me? Which one do you like most? 782 00:37:58,240 --> 00:37:59,840 I think I got. To go with Burr as well, I think 783 00:37:59,840 --> 00:38:03,040 it's the best one I have to say. Hashtags is kind of smart 784 00:38:03,040 --> 00:38:05,720 playing on the D Fi thing though it's not really D fi but like 785 00:38:06,000 --> 00:38:09,000 you know decentralized finance the whole they're getting the. 786 00:38:09,040 --> 00:38:11,920 Term D fi out there, right? Because trap fi is like, what is 787 00:38:11,920 --> 00:38:13,600 D fi? That's. 788 00:38:13,600 --> 00:38:17,920 Actually point and then you have look BlackRock it's kind of like 789 00:38:18,400 --> 00:38:21,960 you'd think that it's it's good. I bit like I bit the bullet 790 00:38:21,960 --> 00:38:24,920 Bitcoin I bit I don't know there's there's some there's 791 00:38:24,920 --> 00:38:30,160 some there's something there but huddle definitely you know 792 00:38:30,720 --> 00:38:33,920 definitely a fan favorite OV let me kick it to you here because I 793 00:38:33,960 --> 00:38:36,600 I'm sure you got a few questions here for for Elinor. 794 00:38:37,560 --> 00:38:40,040 Yeah my I think. That it seems obvious now that 795 00:38:40,040 --> 00:38:42,000 the next thing, well, the two things that people will focus on 796 00:38:42,000 --> 00:38:46,520 from here are ongoing volumes for the current spot ETS but 797 00:38:46,520 --> 00:38:50,800 also the application process for the ETF as well. 798 00:38:50,800 --> 00:38:53,320 And it seems like the first deadline for that is I think 799 00:38:53,320 --> 00:38:57,280 sometime in May for I can't remember this ARC or whoever it 800 00:38:57,280 --> 00:39:00,160 is. But do you guys have any view on 801 00:39:00,160 --> 00:39:04,200 like if that's something that we could see get an earlier 802 00:39:04,200 --> 00:39:08,080 approval given, you know, Grayscale had the conversion 803 00:39:08,080 --> 00:39:13,120 from the Bitcoin Trust to spot Bitcoin ETF, which is the court 804 00:39:13,120 --> 00:39:16,720 case they won earlier this year. And theoretically on paper it 805 00:39:16,720 --> 00:39:18,960 should just be the same thing for for ETH as well. 806 00:39:19,240 --> 00:39:21,320 But do you guys have any view and if we could see maybe like 807 00:39:21,320 --> 00:39:25,320 an earlier approval there because there should be less of 808 00:39:25,320 --> 00:39:28,360 a grey area there now that there was you know, maybe six months 809 00:39:28,360 --> 00:39:31,720 ago, Yeah, I. I don't have any inside 810 00:39:31,720 --> 00:39:35,800 knowledge on the timeline, but I think like you said, yes, in 811 00:39:35,800 --> 00:39:37,720 theory it should be easier now, right? 812 00:39:37,720 --> 00:39:40,440 Because we've got the, the pioneer who laid the groundwork. 813 00:39:40,440 --> 00:39:43,480 Now in theory, if we just do the same thing, then, then it'll 814 00:39:43,480 --> 00:39:46,960 work. But I think you are right in 815 00:39:46,960 --> 00:39:50,160 saying that theory was probably going to be the next one, right? 816 00:39:50,160 --> 00:39:51,680 You've already got the applications in. 817 00:39:52,040 --> 00:39:53,720 You've got. I'm also hearing an echo. 818 00:39:53,800 --> 00:39:59,000 If I'm echoing like I'm hearing myself, I'm hearing myself. 819 00:40:00,320 --> 00:40:03,600 Where's it? Echo try try. 820 00:40:04,160 --> 00:40:07,080 Try OK, OK who's echoing? Talking. 821 00:40:07,200 --> 00:40:08,440 Talking. Talking, Yeah, that's better. 822 00:40:08,440 --> 00:40:09,560 That's better. OK. 823 00:40:09,800 --> 00:40:12,480 OK. All right. 824 00:40:12,520 --> 00:40:15,240 So is that better? OK, cool. 825 00:40:15,240 --> 00:40:20,400 Sorry about that. So, so the ETF, what was I going 826 00:40:20,480 --> 00:40:22,640 to say, future, right. So we've got the Futures Trading 827 00:40:22,640 --> 00:40:25,680 ETF, ETF Futures Trading, right. We got those approved in 828 00:40:25,680 --> 00:40:27,000 October. I'm not sure. 829 00:40:27,000 --> 00:40:29,600 I think I saw a tweet from James that said that they were a bit 830 00:40:29,600 --> 00:40:32,560 of a flop, not a flop, but compared to, you know, other 831 00:40:32,840 --> 00:40:36,160 futures launches compared to the Bitcoin futures launch for sure 832 00:40:36,160 --> 00:40:39,000 in 2021. But that was sort of the first 833 00:40:39,000 --> 00:40:43,640 step right when when Bito came on the scene in 2021 to like put 834 00:40:43,640 --> 00:40:47,640 crypto in an ETF, even though it was futures, we've got the 835 00:40:47,640 --> 00:40:53,200 Ethereum ETF is already off the ground and applications for spot 836 00:40:53,200 --> 00:40:55,120 in. So I think you know those are 837 00:40:55,120 --> 00:40:58,920 already out of the gate in terms of like timelines and deadlines. 838 00:40:59,160 --> 00:41:01,120 It's we're going to have to refer to James on that because 839 00:41:01,120 --> 00:41:03,280 they're going to have those cool graphics where it's like 840 00:41:03,760 --> 00:41:05,960 deadline one, deadline two, final deadline. 841 00:41:06,040 --> 00:41:07,520 It's so comprehensive. I love it. 842 00:41:09,160 --> 00:41:11,800 Yeah, it's that's true. I mean, look it's it's getting 843 00:41:11,800 --> 00:41:13,360 exciting. I think Eric was talking about 844 00:41:13,360 --> 00:41:16,320 something around 50%, right. They'll be on on by May. 845 00:41:16,320 --> 00:41:18,080 Is that what what Eric said? Yeah, his. 846 00:41:18,080 --> 00:41:21,240 I think his view was greater than 50% chance that we we would 847 00:41:21,240 --> 00:41:24,640 get it by May. So that's yeah, point out. 848 00:41:25,480 --> 00:41:27,960 I want to point out the news out circle this morning. 849 00:41:29,040 --> 00:41:30,920 Pardon me? Yeah, they they. 850 00:41:33,080 --> 00:41:35,120 They applied, they were going to do an IPO, but I think it was 851 00:41:35,120 --> 00:41:37,040 kind of half known by the end of the day, actually applied for it 852 00:41:37,040 --> 00:41:38,760 today, right? Yeah. 853 00:41:38,760 --> 00:41:40,440 What a what? A day to apply for it. 854 00:41:41,920 --> 00:41:44,280 Wow, I did not know that we had news on Circle. 855 00:41:45,160 --> 00:41:47,320 Yep, they. Assuming that well they 856 00:41:47,320 --> 00:41:50,800 officially filed this morning a confidential IPO. 857 00:41:50,800 --> 00:41:53,600 So they filed, oh sorry, they filed confidentially for an IPO 858 00:41:53,600 --> 00:41:56,720 and and like you said, Mando, I think it was sort of known, but 859 00:41:56,720 --> 00:41:59,480 the official move came this morning and and I just think 860 00:41:59,480 --> 00:42:01,480 that's a great sign. I mean obviously they they chose 861 00:42:01,480 --> 00:42:05,880 to do it on a very good day. And I think it's just showing 862 00:42:05,880 --> 00:42:10,440 that you know maybe not anytime in the immediate future, but 863 00:42:10,440 --> 00:42:11,920 hopefully sometime down the line. 864 00:42:12,400 --> 00:42:16,400 The approval of these spot ETFs has signaled to U.S. companies 865 00:42:16,400 --> 00:42:21,320 like Circle that there may be some kind of navigable way to to 866 00:42:21,320 --> 00:42:27,360 work with regulators to to to work with the system. 867 00:42:27,360 --> 00:42:30,040 Now that whereas before I think in 2022 everybody was concerned 868 00:42:30,040 --> 00:42:32,200 that everybody's just going to pack off and go offshore, you 869 00:42:32,200 --> 00:42:35,040 know and set up, set up overseas because US regulations were just 870 00:42:35,040 --> 00:42:37,440 too, too choking. I think it's going to take some 871 00:42:37,440 --> 00:42:39,360 time, but that's I think that's a positive sign. 872 00:42:39,400 --> 00:42:41,920 If U.S. companies, crypto companies especially, are 873 00:42:42,200 --> 00:42:46,480 sticking around to take advantage of U.S. markets, yeah, 874 00:42:46,640 --> 00:42:50,320 that's. No, I think that's a really. 875 00:42:50,320 --> 00:42:52,000 Good point. Yeah, like the, I mean it was 876 00:42:52,000 --> 00:42:55,280 well, like I said it was it was flags but yeah, hopefully you 877 00:42:55,280 --> 00:42:56,760 start to see this. I'm trying to think which other 878 00:42:56,760 --> 00:42:59,280 companies would even do that like The Who are the big ones. 879 00:42:59,280 --> 00:43:01,920 I mean Coinbase is listed. Are there any other like big 880 00:43:01,960 --> 00:43:03,960 unlisted? Sorry. 881 00:43:03,960 --> 00:43:08,240 Yeah, we, we had heard. Ripple, they're not that we'd 882 00:43:08,240 --> 00:43:10,640 heard it from the company. I think some people expected it. 883 00:43:10,640 --> 00:43:16,440 Now that the lawsuit is wrapping up the, you know, XRP is sort of 884 00:43:16,440 --> 00:43:18,320 they've got their own clarity and and they actually just 885 00:43:18,320 --> 00:43:20,920 dropped the charges against the CEO, Brad. 886 00:43:23,440 --> 00:43:26,720 Darling House and founder. Chris Larson, Last year there 887 00:43:26,720 --> 00:43:29,200 was some rumblings about a potential roadshow, a private 888 00:43:29,200 --> 00:43:30,200 roadshow that they were going on. 889 00:43:30,440 --> 00:43:32,040 I think that turned out to be just sort of more of like a 890 00:43:32,040 --> 00:43:34,320 standard thing where they pitch to investors and say, hey, like 891 00:43:34,320 --> 00:43:37,400 this is who we are. This was the favorable court 892 00:43:37,400 --> 00:43:40,240 ruling that we got in July. We've been, we've been beaten 893 00:43:40,240 --> 00:43:42,560 down by the courts for the last three years but we're still here 894 00:43:42,800 --> 00:43:46,120 and we still want to come public in the future and you know just 895 00:43:46,120 --> 00:43:48,520 giving everybody a heads up about what their situation is. 896 00:43:48,520 --> 00:43:51,920 So I think it was more of that. But I do see a Ripple IPO in the 897 00:43:51,920 --> 00:43:54,040 future. Whether it will be in 2024, I 898 00:43:54,040 --> 00:43:56,080 don't know. I think there was some hope that 899 00:43:56,080 --> 00:43:57,840 there would be. That's why I my tweet this 900 00:43:57,840 --> 00:44:00,120 morning about Circle. I said there was expectation 901 00:44:00,120 --> 00:44:02,960 that Ripple might but it it could it could take longer in 902 00:44:02,960 --> 00:44:05,840 theory. You know they're they're in a 903 00:44:05,840 --> 00:44:09,800 better position than they were even a year ago especially since 904 00:44:09,800 --> 00:44:12,040 2020 when they when the SEC brought the lawsuit. 905 00:44:12,040 --> 00:44:15,600 But they're still tying up loose ends from from the court battle. 906 00:44:15,600 --> 00:44:16,760 So. So we'll see. 907 00:44:16,760 --> 00:44:20,640 But yeah, definitely Ripple. Yeah, I guess we'll have to see 908 00:44:20,640 --> 00:44:23,360 who else is is brave enough to throw their hat in the ring. 909 00:44:23,760 --> 00:44:26,920 Ripple will be. Would be a real 180 for for that 910 00:44:26,920 --> 00:44:29,520 company that would be that would be wild yeah I guess none of the 911 00:44:29,520 --> 00:44:32,600 real none of the D5 stuff would would would come to the US is 912 00:44:32,600 --> 00:44:35,320 because that still seems to be in the air with the CFTC. 913 00:44:35,720 --> 00:44:37,000 I'm trying to think if there like. 914 00:44:37,000 --> 00:44:40,560 I guess there are some other more public facing just exchange 915 00:44:40,560 --> 00:44:44,000 maybe like. Maybe Kraken, if you think I 916 00:44:44,040 --> 00:44:45,000 could definitely do it. Yeah. 917 00:44:45,200 --> 00:44:45,800 Yeah. In terms of. 918 00:44:45,800 --> 00:44:50,640 Exchanges. Yeah it's the the SEC definitely 919 00:44:50,640 --> 00:44:53,400 has got a lot on their hands I guess. 920 00:44:53,640 --> 00:44:56,400 You know Eleanor, I'm sure you got a whole bunch of stuff to do 921 00:44:56,960 --> 00:44:58,240 here and I'm. I'm seeing the time here. 922 00:44:58,240 --> 00:45:01,120 I mean what are you going to report on next Eleanor, what are 923 00:45:01,120 --> 00:45:04,800 we what are now the ETFs are ETFs are approved they're they 924 00:45:04,920 --> 00:45:07,640 they're they're gone through the coin talkie Derby has started. 925 00:45:07,640 --> 00:45:09,880 What's What's next for Eleanor here? 926 00:45:13,480 --> 00:45:17,440 Well, obviously keeping an eye on any other ETF activity and I 927 00:45:17,440 --> 00:45:20,800 think for me it's going to be a lot of focusing on Congress this 928 00:45:20,800 --> 00:45:22,480 year. Obviously we're an election year 929 00:45:22,480 --> 00:45:26,680 now it's 2024. Want to see some movement 930 00:45:26,680 --> 00:45:29,760 hopefully on those, on those crypto bills, on the market 931 00:45:29,760 --> 00:45:31,200 structure and the stable coin bills. 932 00:45:31,960 --> 00:45:34,560 Is that going to happen in the first half of the year? 933 00:45:34,680 --> 00:45:35,880 I don't know. Is it going to happen in the 934 00:45:35,880 --> 00:45:37,600 second-half of the year because we've got the presidential 935 00:45:37,600 --> 00:45:40,720 election, like I think it's going to happen at some point, 936 00:45:40,720 --> 00:45:42,680 but but timing wise, I'm not quite sure. 937 00:45:42,680 --> 00:45:49,200 I'm also really interested in how Congress is going to handle 938 00:45:49,200 --> 00:45:52,280 what happened with the SEC's hack because you saw the SEC 939 00:45:52,280 --> 00:45:54,880 come out yesterday and say they they actually preceded the 940 00:45:54,880 --> 00:45:57,840 announcement of the spot ETF approval with an announcement 941 00:45:57,840 --> 00:46:00,640 that they're working with the FBI and the Office of the 942 00:46:00,640 --> 00:46:02,160 Inspector General is also investigating. 943 00:46:02,160 --> 00:46:05,720 I I kind of predicted that the the office of the IG would would 944 00:46:06,360 --> 00:46:09,520 involved because they're like an independent overseer of the SEC. 945 00:46:09,520 --> 00:46:12,600 But the FBI, I was not expecting that that sort of curveball like 946 00:46:12,600 --> 00:46:15,200 well, they're really like they're bringing in the big guns 947 00:46:15,200 --> 00:46:16,960 for this one. But you also saw a lot of 948 00:46:17,040 --> 00:46:20,720 letters from Congress, from senators saying, you know, what 949 00:46:20,720 --> 00:46:22,560 on earth happened and and how are we going to fix this? 950 00:46:22,560 --> 00:46:26,320 So I expect to see Gary Gensler up on the Hill for a good 951 00:46:26,320 --> 00:46:30,920 grilling because that's what they like to do to to Gensler 952 00:46:30,920 --> 00:46:33,040 when he gets up there. So we'll keep an eye out for 953 00:46:33,040 --> 00:46:34,160 that. I like to live tweet those 954 00:46:34,160 --> 00:46:36,600 hearings because there are always some great quotes from, 955 00:46:36,840 --> 00:46:39,440 you know, from senators and from from Congressman. 956 00:46:39,480 --> 00:46:41,480 So we'll keep an eye out. Thank you. 957 00:46:41,960 --> 00:46:43,640 What is it Reclaim? My time. 958 00:46:43,640 --> 00:46:46,120 What is it? Reclaim my We We love. 959 00:46:47,440 --> 00:46:48,560 My God. These are my favorite clips. 960 00:46:48,720 --> 00:46:51,160 We Didn't we see a congressman buy Ethereum yesterday? 961 00:46:52,320 --> 00:46:54,320 Wasn't that there? Was a we, Did we? 962 00:46:54,320 --> 00:46:57,080 Had a congressman publicly, you have to file that he bought AI. 963 00:46:57,120 --> 00:46:57,680 Don't know. I didn't. 964 00:46:57,680 --> 00:46:58,240 I didn't. See that? 965 00:46:59,080 --> 00:47:00,800 It was crazy. I'll send that there's a. 966 00:47:00,880 --> 00:47:02,520 Congressman, that's a report that he bought a theorem. 967 00:47:02,520 --> 00:47:04,680 I know how to keep the minutes. On there. 968 00:47:04,760 --> 00:47:06,120 Come on. Yeah, yeah, yeah. 969 00:47:06,760 --> 00:47:08,400 Yeah, we. I wonder if he'll be able to get 970 00:47:08,400 --> 00:47:09,000 in. Order. 971 00:47:09,920 --> 00:47:11,360 Yeah, it's it's. I just think he. 972 00:47:11,560 --> 00:47:14,760 Didn't answer out of Gensler whether Ethereum is a security 973 00:47:14,760 --> 00:47:16,000 or not. Maybe he'll have better luck 974 00:47:16,000 --> 00:47:18,840 than anyone else, I guess. On that, like, I honestly have 975 00:47:18,840 --> 00:47:20,640 another question because that's something that was asked to me 976 00:47:20,640 --> 00:47:22,320 yesterday, but I obviously don't know, right? 977 00:47:22,320 --> 00:47:24,040 I don't have the answer to this. It's not my expertise. 978 00:47:24,400 --> 00:47:28,000 How much longer is can can Gary Ganser retain his his chair at 979 00:47:28,000 --> 00:47:30,960 the SEC? So I believe his term is up in 980 00:47:30,960 --> 00:47:35,200 26. So he was in, he was he was 981 00:47:36,080 --> 00:47:40,040 brought in in 20/21/2020. 6:00 will be when his term expires. 982 00:47:40,120 --> 00:47:42,920 If we get a switch in administration the Republicans 983 00:47:42,920 --> 00:47:46,880 take over, then he will likely be replaced by someone who the 984 00:47:46,880 --> 00:47:48,320 Republican president favors more. 985 00:47:48,400 --> 00:47:50,920 So one of two things could happen. 986 00:47:51,120 --> 00:47:53,520 He'll get replaced, or actually has one of three He'll get 987 00:47:53,520 --> 00:47:55,480 replaced. He'll he'll retire or not 988 00:47:55,480 --> 00:47:59,000 retire, but he'll he'll quit or we'll see him carry his 989 00:47:59,000 --> 00:48:03,280 position. Through till 2020. 990 00:48:03,280 --> 00:48:05,200 Six. So it'll be very interesting to 991 00:48:05,200 --> 00:48:06,280 watch. I want to point out Caroline 992 00:48:06,280 --> 00:48:09,560 Crenshaw, who is a Democrat. She was one of the dissenting 993 00:48:09,680 --> 00:48:12,560 votes on the bitcoins. But ETF, her term is coming up, 994 00:48:12,840 --> 00:48:14,680 is expiring in June, I believe it's June 5th. 995 00:48:14,680 --> 00:48:18,400 So she will either have to be renominated by President Biden 996 00:48:18,440 --> 00:48:20,000 or he'll have to nominate someone else. 997 00:48:20,000 --> 00:48:22,920 So a lot of things to watch in the SEC this year as well. 998 00:48:23,440 --> 00:48:25,320 Okay. All right, listen, I'm gonna 999 00:48:25,320 --> 00:48:28,560 keep Bull posting about Hester Pierce until we talk into 1000 00:48:28,720 --> 00:48:30,800 reality. I find her phenomenal. 1001 00:48:30,800 --> 00:48:32,600 Her writing yesterday. You're on the show. 1002 00:48:33,120 --> 00:48:36,040 She even tweeted. Macbeth like that was some crazy 1003 00:48:36,080 --> 00:48:39,520 thing She's like she's out here quoting Shakespeare like you 1004 00:48:39,520 --> 00:48:42,160 know like you're riding against Gary and all that stuff. 1005 00:48:42,200 --> 00:48:44,840 I I just I just find so and yes we should try mine That's kind 1006 00:48:44,840 --> 00:48:47,240 of part of why I'm like slowly bull posting about her and 1007 00:48:47,240 --> 00:48:50,280 tagging her But you know we got we got another queen on the show 1008 00:48:50,280 --> 00:48:54,400 today Ella Tourette of Fox. I mean thank you so much for 1009 00:48:54,400 --> 00:48:57,400 joining us today Eleanor I really appreciate you. 1010 00:48:58,080 --> 00:49:00,520 Thank you so much for. Having me guys and have a great 1011 00:49:00,520 --> 00:49:01,880 rest of your week. All right. 1012 00:49:01,880 --> 00:49:02,640 See ya. Thank you. 1013 00:49:04,040 --> 00:49:07,320 All right, Y'all well, that was, that was another hell of a show. 1014 00:49:07,320 --> 00:49:10,400 I think from tomorrow on Lines, we can like slow down the ETF 1015 00:49:10,400 --> 00:49:14,320 talk. You know, I I think, I think 1016 00:49:14,320 --> 00:49:16,720 it's time to, you know, it's going to be part of the crypto 1017 00:49:16,720 --> 00:49:18,800 market talk at the beginning. But, you know, I think we're 1018 00:49:18,840 --> 00:49:22,000 good to get back on to the Daily News and topics like the circle 1019 00:49:22,000 --> 00:49:23,600 thing. Today I flew over my head 1020 00:49:23,600 --> 00:49:27,880 because, you know, didn't have time to look at anything else 1021 00:49:27,880 --> 00:49:30,640 but focus on that. But that was a good show and I 1022 00:49:30,640 --> 00:49:35,120 think, I think we got what we needed right. 100% it. 1023 00:49:35,360 --> 00:49:37,080 Was a great show, 100%. Yeah. 1024 00:49:37,840 --> 00:49:39,800 I mean, we're going to be talking about the ETFI still 1025 00:49:39,800 --> 00:49:44,320 think for a while, but yeah, it was a, it's been definitely a 1026 00:49:44,320 --> 00:49:47,120 success, although the market is not trading that well right now. 1027 00:49:47,240 --> 00:49:49,040 The market is not trading. That well, I mean, during these 1028 00:49:49,040 --> 00:49:50,880 it was a lot of interviews and a lot of people on the show, so we 1029 00:49:50,880 --> 00:49:52,760 haven't really had time to talk coins in the market and stuff, 1030 00:49:52,760 --> 00:49:56,640 but it seems like the Pump it Up music really played its course 1031 00:49:56,640 --> 00:49:58,720 here. Oh yeah, really. 1032 00:49:58,760 --> 00:50:02,320 Right 10% dip in bitcoins since the Pump It Up music was 1033 00:50:02,360 --> 00:50:05,360 playing. You know you had you had guys. 1034 00:50:05,880 --> 00:50:07,880 You know, a lucky. Trader a nifty portal playing 1035 00:50:07,880 --> 00:50:09,760 that pump it up music to open their shows. 1036 00:50:10,080 --> 00:50:13,400 We're trying to warn them no pump it up until all time highs. 1037 00:50:13,840 --> 00:50:16,400 No pump it up until all time highs while though crypto. 1038 00:50:16,400 --> 00:50:20,560 I think what Bitcoin had a two year high only to to kind of 1039 00:50:20,560 --> 00:50:24,000 like erase those gains. But we'll see what happens here, 1040 00:50:24,000 --> 00:50:26,880 and we'll definitely be here tomorrow morning, 10:30 AM 1041 00:50:26,880 --> 00:50:29,640 Eastern Standard Time, 7:30 AM Pacific Standard Time to talk 1042 00:50:29,640 --> 00:50:32,240 about all this for another episode of FOMO Hour on Rock 1043 00:50:32,240 --> 00:50:35,760 Radio, powered by Ledger. Let's go.