In this episode, we break down the most concrete steps yet towards a spot Ethereum ETF, as VanEck and BlackRock file their final amendments and VanEck seeds its fund with a massive $100 million. We analyze what this "real money" move means while the market is distracted by a speculative frenzy around political memecoins. We also cover the WTO's ruling against Trump's tariffs, the push by Coinbase and OKX into Australia's $2.3 trillion pension market, and Raoul Pal's latest macro forecast.
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