Black Rock Files prospectus for Spot Ether ETF The Asset Management Giant last week registered the Iar's Ethereum Trust and Via NASDAQ sought approval from the SEC for the new vehicle. Feels like the crypto winter might legitimately be over at the time that I'm filming. this bitcoin's around 37k. East Sitting above 2K Salana and other altcoins are ripping the faces off bears.

and yes, I get it. For a while, there crypto was ripping. Then it all kind of Came Crashing Down Everyone's like, oh, it was a scam. It was a rug.

But now we're seeing life in the core most popular crypto coins and tokens. and a lot of this was spurred by the fact that there was Rumblings and now it seems to be a bit more apparent that a Bitcoin Spot ETF will be approved. And the reason this is so important is just because not only does it give some regulatory Clarity, but it literally opens the door. It's Highway on-ramps for Big Money particularly Wall Street and retirement accounts to get exposure to Bitcoin if they so choose.

Rather than maybe not wanting to deal with the complexity of like getting their own wallets figuring out the exchanges, it's just a more reasonable Avenue for people to get into to Bitcoin and now we're seeing popularity in other crypto this time Ethereum Black Rock ticker symbol BLK The world's largest asset manager has filed an S1 form with the US SEC for the I shares Ethereum Trust a spot Ether Exchange traded ETF This move follows last week's corporate registration of the name that the Nasdaq's filing of a 19 B4 with the SEC seeking approval for the spot. ETF So we've been hearing a lot about this with Bitcoin They're basically saying we're going to do that, but this time with Ethereum along with several other asset managers Black Rock currently is awaiting word from the Secc on listing a spot Bitcoin ETF That could open up average investor access to crypto dramatically, so obviously just more exposure to money. That makes sense I Mean think about retirement accounts. In the Us alone, we're talking in excessive 10 12 trillion.

so even if a fraction of a percent ends up in crypto, that's just more or Demand with depending on what you're talking about potentially the same amount of Supply so price would naturally go up. but I would argue. Even more importantly is the fact that with the regulatory Clarity that allows Wall Street to get more involved. So that's some major things that I'm personally paying attention to I'm interested to see how this goes just because it seems like Gary Gendler, the current Chairman of the S is doing everything in his power to just really Crush Crypto It's the same guy who multiple times met with Sam Bakman freed of FTX kind of said nothing, did nothing.

We don't know what he knew, we don't know what he didn't know. We know that he met with them multiple times and we know they officially got connected back in his MIT days both s SPF and Gary Gunler were at MIT. So I think there's some very fair questions there that should be answered. But overall, the current leadership of The Regulators as it relates to the world of crypto in my humble opinion, this is just like absolutely dismal.

They are not being transparent, they're not being logical. It's getting to the point that judges are even starting to look at and be like dude like, what is your possible reasoning here So hopefully with the new regime on the political side that maybe we get the next person in there who's a bit more reasonable to both Wall Street and Retail cuz at this point you have to do a lot of work to be an SEC chairman and to get everyone to unanimously dislike you. It's impressive. not necessarily in a good way, but an impressive feat nonetheless.

So uh, obviously fingers crossed for even the short and the long term for just a little bit more clarity so people can know the rules and the regulations of the game that we are currently in.