BREAKING: SEC Gave These ALTCOINS The Greenlight!
🎯 Summary
[{“key_takeaways”=>[“The SEC approved generic listing standards, allowing exchanges to list commodity-based ETPs, including crypto, without individual reviews, which is expected to triple ETP launches.”, “The approval of the Grayscale Digital Large Cap Fund confirmed Bitcoin, ETH, XRP, Solana, and Cardano as key components, with Bitcoin holding an 80% weight.”, “The most significant alpha is derived from the 14 coins that have futures trading on Coinbase, making them eligible for spot ETFization under the new generic standards.”, “The 14 eligible coins include Bitcoin, ETH, Litecoin, Bitcoin Cash, Dogecoin, Polkadot, Shiba Inu, ADA, Avalanche, Chainlink, XLM, Solana, HBAR, and XRP.”, “Market reaction to Jerome Powell’s speech was initially cautious due to fewer projected rate cuts than expected, but risk assets quickly resumed an upward trajectory.”, “The host emphasizes that Bitcoiners are rejecting ‘normalcy’ in favor of conviction, viewing themselves as being on the right side of history against fiat debasement.”], “overview”=>”The host dives into significant market movements following Jerome Powell’s speech and a recent 25 basis point rate cut, but the main focus is on the SEC’s approval of generic listing standards that pave the way for numerous crypto Exchange Traded Products (ETPs). This regulatory shift effectively greenlights 14 specific altcoins for potential spot ETFization, signaling a major bullish development for those assets.”, “themes”=>[“SEC Regulatory Clarity and ETFization”, “Bitcoin Market Analysis and Price Action”, “Altcoin Performance and Selection”, “Critique of Fiat Currency and Central Banking”, “The Bitcoin Maximalist/Sovereignty Mindset”]}]
🏢 Companies Mentioned
💬 Key Insights
"Here's the list of the coins that have futures on Coinbase, aka eligible for spot ETFization. Bitcoin number one, ETH, Litecoin, Bitcoin Cash, Dogecoin, Polkadot. That's why you're seeing Polkadot pump. Shiba, Shiba Inu. ADA, Avalanche, Chainlink, XLM. Now we're at 10, Solana, HBAR, Cardano, Doge, XRP. These are the 14 coins."
"Generic listing standards clear the way as long as they have futures on Coinbase. So Coinbase follows these generic listing standards. So if you got the future approved on Coinbase and Coinbase is legal team, Paul Grewal, shout out to Coinbase head of legal here, that gives you the green light."
"SEC approved generic listing standards, which allows exchanges to list commodity-based ETPs, including cryptocurrencies without individual reviews."
"You physically recoil at the thought of paying $4 for a coffee because you're calculating the sats in your head and screaming about the inside about the opportunity cost."
"Bitcoiners, you, you will never be normal. Bitcoiners will never be normal people and we're not meant to be. The second you go down the Bitcoin rabbit hole, you've signed away your right to ever fit in with the rest of humanity again."
"The last time they implemented generic listing standards, launches tripled. We might see 100 ETFs in the next 12 months. This is not saying we're going to see 100 altcoins. We're going to see probably those 14 altcoins with an average of seven listings apiece."