Dear Investors,

While the market sentiment is turning optimistic, we have an important week ahead of us.

Let’s explore what could shake the markets and either offer one more dip or kick off the next bullish period.

In This Letter

• Ether US ETFs

• Mt. Gox

• NVDA and Tech Stocks

• My Thoughts

Ether US ETFs

The US Ether ETFs should be launched next Tuesday, July 23rd, a major event bringing the second-biggest cryptocurrency to traditional investors and hedge funds.

When this happened with Bitcoin, it was the “buy the rumors, sell the news” event. This means investors sold BTC when the ETFs were approved, and the price briefly declined before the new money started flowing in through the ETFs.

This can happen again, and ETH can experience a brief decline before the money starts flowing in.

Furthermore, the numbers in the first few days of trading will be crucial as investors anticipate signs of actual demand for Ether.

• Low inflows: New investors are not interested enough in ETH, and prices drop as the current valuation has priced in new demand.

• High inflows: We are not even at the previous all-time high; the asset is undervalued and should trade around $4,500 levels

If approved (Monday), it will be a volatile week, and long-term ETH will benefit from new inflows that could bring the price above 2021 levels ($4,878 in Nov 2021).

Mt. Gox

We covered this in the last newsletter — Mt. Gox distributing approximately $9 billionin BTC, which will also start next week.

Kraken plans to release all $3b of BTC they received from Mt. Gox in the next 12 days.