- Coincidence. We already have a BTC ETF that was long discussed, but it was not approved until BlackRock got involved. Many didn’t take this event seriously, expecting groundless cancellations of applications and a dip to buy in lower. These many miscalculated.
- Convergence. Ahead is the ETH ETF, which is very likely to be approved in May. And I believe that this event is still not priced in; currently, we are growing on Dencun. There isn’t much discussion about whether the ETH ETF will be approved or not, opponents timidly post messages suggesting the SEC will view ETH as a separate asset and the approval of a BTC ETF does not guarantee the approval of an ETH ETF. Even I am not completely sure, but my bags of ETH are full.
- Pattern. As soon as the ETH ETF is approved, Larry Fink will become a prophet for crypto enthusiasts. And I predict that almost immediately, the RWA sector will soar. Because the third time, no one will doubt his words. And he actively shills the tokenization of assets on the blockchain as a very important thing in the financial world. Moreover, in crypto, the left curve strategy will work again – we open the RWA tab in CoinMarketCap and buy whatever is traded on our favorite exchange.
Therefore, we need to look at RWAs now, not wait until it’s being shouted from every iron and prices are much higher. I was lucky to get into MKR and Ondo, and there’s CPOOL, MPL, CFG, GFI, and surely more fresh projects will appear. I would pay attention to the presence of suits from traditional finance in the backers of new projects.
This also applies not only to RWAs, remember how it was with Musk? Any tweet led to the pump of some shitcoin or memecoin, the same will be with Larry Fink. Except he’s not such a dirty shiller, as he needs to maintain an image.