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QCP Spot ETH ETF Deadline Week
QCP Capital
  • First round of the Spot ETH ETF deadlines are approaching this week 23-May: VanEck 24-May: Ark Invest/21Shares
  • ETHBTC reaching Feb 2021 levels last Friday coupled with the lacklustre interest in the options market, hints that the market is anticipating a rejection and a non-event.
  • ETH has successfully defended the 2900 levels multiple times this year and has formed a strong support
  • Given ETH's duality of a store of value and a layer 1 Blockchain network. An approval would likely result in ETH outperforming the price action of BTC upon it's approval.
  • Given the resounding lack of interest in the market, the risk is to the topside with a surprise approval catching everyone off guard, triggering a short squeeze taking us easily back...