The first Ethereum ETFs could be approved as soon as today⦠[The Jolt with Stephen McBride] Ethereum ETFs and Nvidia earnings Thanks to everyone who wrote me regarding my recent [âAirbnb for biotechâ]( issue. Itâs clear youâd like more insights from my recent trip to DC. Iâll do just that in an upcoming Jolt. And speaking of trips, a quick message for RiskHedge Reserve members: I'm on the road over the next month and will be in Nashville, TN from June 1â2 and Boston, MA from June 3â5. Iâd love to meet up if youâre in the area. Just shoot me a message at stephen@riskhedge.com. Last announcement: If youâve ever purchased a RiskHedge service, youâre going to receive a special invitation from me in your email tomorrow. Look out for it around 9 am ET. Letâs get after it⦠- Big news: The first Ethereum (ETH) ETFs could be approved as soon as today. [Last month](, I told you the first Ethereum ETFs would debut sometime this year. Now, it looks like it could happen any day. On Monday, Ethereumâthe worldâs second-largest cryptoârocketed 20% after the odds of an imminent approval soared. ETH sits at around $3,700 as I type: The US Securities and Exchange Commission (SEC) is reportedly leaning toward approving spot Ethereum ETFs. And it could happen as early as this week. So, what changed? I believe political pressure from the White House and Congress forced SEC Chairman Gary Gensler to do a 180. Crypto is now winning the regulatory battle, and this is huge for the industry. âAnti-cryptoâ is a losing stance, and the SEC is finally coming to terms with that. It already approved the bitcoin (BTC) ETFs in January. It was only a matter of time for ETH, although this is much sooner than I anticipated. And just like the bitcoin ETFs, these new Ethereum ETFs will unlock trillions of dollars of retirement money that were previously off-limits to crypto. - Up next: ETH $10K? Once the SEC gives the official thumbs up, I expect ETH to keep moving higher. In fact, I wouldnât be surprised to see Ethereum blast above its all-time high within a month after the SEC greenlights the first ETFs. Thatâs around 25% from todayâs price. Zooming out 12 months or so, the Ethereum ETFs can help push ETH past $10,000. Ethereum is only one-third the size of bitcoin. That means it takes a lot less money to move its price. And Iâve pointed out, Ethereum is âcandyâ for Wall Street. [ShareÂ]( Thereâs some innovation happening with bitcoin. But itâs nothing compared to Ethereum. ETH raked in $500 million in revenues in March aloneâ6X more than bitcoin. RiskHedge Venture subscribers have tripled their money on the Grayscale Ethereum Trust (ETHE) since we bought it last August. This was a bet on the ETH ETF getting approved, and itâs paid off nicely. Everything Iâm hearing tells me the Ethereum ETF is coming, but nothing is ever 100%. If it doesnât happen, ETH will probably give back its recent gains and retreat to around $3,000. It wouldnât alter my long-term forecast of ETH $10,000, but it may push it out a bit. As always, only invest money youâd be comfortable losing. - Nvidia (NVDA) will report first-quarter earnings tonight. Wall Street expects revenues to have risen 200% and profits to have risen 400% from the same quarter last year. The bar is sky-high for the worldâs third-largest company. If any company can continue to exceed them, itâs Nvidia. Looking at its chart, it seems like NVDA wants to go higher after consolidating for two months: In fact, this situation reminds me a lot of NVDA during the summer of last year. After a massive runupâwhich saw NVDA soar 225% from January to Julyâthe stock consolidated for five months before going on another tear. (Earnings were the catalyst there, too.) Weâre sitting on big gains in NVDA in my [Disruption Investor advisory](, so I recommended members take profits for a second time earlier this year. It was the prudent thing to do. By selling half our position, we significantly reduced our risk and are still able to participate in Nvidiaâs long-term upside. If you donât have a position, donât overthink it. [We're in the middle of the largest buildout in history (artificial intelligence).]( Own the winners when the music is playing. Watch for that invitation from me tomorrow. Stephen McBride
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