ETF fever has taken over the body of crypto—and now appears to have a grip on markets and discourse so all-consuming that it likely won’t let up until the verdict is in.
This week on Crypto Twitter, already heated speculation about the eagerly anticipated financial product reached new highs, as rumors and predictions rattled both spirits and crypto prices.
The big shock to the system came Wednesday, when anominous reportfrom digital asset manager Matrixport prophesied that the Securities and Exchange Commission (SEC) would reject all spot Bitcoin ETF applications in January.
MatrixPort, a firm that I’ve never heard of comes out and says that (in their view) the spot #Bitcoin ETFs won’t be approved by the SEC this month.
They are one firm. They might be right. They might be wrong.