Brothers, it’s going off! The UK Financial Conduct Authority (FCA) just dropped a bomb — officially opening retail trading for cryptocurrency ETNs on October 8! This isn't a small deal; one of the world's strictest regulators is personally giving the crypto world the 'green light', meaning that Bitcoin and Ethereum, these hard assets, will now wear a compliant 'yellow jacket', and retail investors can just jump in!
News level nuclear explosion!
Grayscale is frantically adding 200,000 BTC, BlackRock's spot ETF holdings have broken records, and Wall Street giants have long smelled the meat aroma, just waiting for retail investors to lift the sedan!
The UK's pension size exceeds £3 trillion. Even if 1% flows into ETNs, that's $30 billion in fresh capital! This wave of liquidity tsunami will undoubtedly explode the market in October!
The US SEC is jumping in a panic! The UK is sprinting ahead in the retail market, putting immense pressure on Biden's team. They may be forced to accelerate the approval of the spot ETF in September, and a double policy bull market is about to get a buff!
Mige's exclusive perspective:
Don't be fooled by the term 'ETN'! Simply put — this is the UK version of 'cryptocurrency stocks', no wallets, no private keys, buy coins directly through brokerage accounts! The volume of retail investors jumping in with their eyes closed far exceeds the listing of Coinbase back in the day!
What's more intense is that ETH may surpass BTC! The FCA list clearly includes Ethereum ETN, and the entire chain of V God’s ecosystem DeFi and Layer 2 projects will benefit. In September, accumulating ETH ecosystem coins has the highest chance of doubling!
Beware of new ways institutions are harvesting retail investors!
Goldman Sachs and Standard Chartered have quietly positioned themselves for ETN market maker qualifications. Once retail channels open, they will control the market with one hand while flipping with the other, manipulating prices in seconds! Remember: buy core assets (BTC/ETH/SOL) before October, and never chase high prices after a surge!
‘Incremental accumulation’ is the slow approach of mediocrity, ‘nuclear bomb orders’ are the romance of madness — those who dare to follow the trades, follow Mige!