Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>It’s been a break-through week for Crypto bros in many ways.</li><li>First, the SEC made a massive u-turn and approved the spot ETH ETF and then Donald Trump fully endorsed the crypto space in his speech at the Libertarian Party forum over the weekend.</li><li>Crypto has broken through to K-street and on top of the obvious positive side-effects, a BTC or an ETH is now becoming a politicized asset.</li></ul>

It’s been a break-through week for Crypto bros in many ways.First, the SEC made a massive u-turn and approved the spot ETH ETF and then Donald Trump fully endorsed the crypto space in his speech at the Libertarian Party forum over the weekend.Crypto has broken through to K-street and on top of the obvious positive side-effects, a BTC or an ETH is now becoming a politicized asset.

Steno Signals #101 – Introducing the Washington DC Crypto Put!

Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Crypto

<ul><li>Indeed, this has been a remarkable week.</li><li>In last week’s Crypto Moves #28, we noted that the tight race between President Biden and Trump in the 2024 Presidential Election, along with Trump’s unexpected pro-crypto stance, might push Biden to publicly support the crypto industry.</li><li>This move would aim to attract the growing number of pro-crypto voters.</li></ul>

Indeed, this has been a remarkable week.In last week’s Crypto Moves #28, we noted that the tight race between President Biden and Trump in the 2024 Presidential Election, along with Trump’s unexpected pro-crypto stance, might push Biden to publicly support the crypto industry.This move would aim to attract the growing number of pro-crypto voters.

Crypto Moves #29 – What to Expect from the Ethereum Spot ETFs?

Podcast on ETFs, Trillions

Trillions

Podcast on ETFs

Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent years. Exchange-traded funds, or ETFs, let you invest in everything from the stock market to gold like never before. This biweekly podcast will demystify them—and delight you in the process.

<ul><li>The launch of bitcoin ETFs, specifically ibit, ibiz, and Blackrock software, has seen unprecedented success and rapid growth</li><li>Ibid ETF reached $10 billion in assets in just 49 days, breaking records previously held by other ETFs</li><li>Robbie Michnick, head of digital assets at Blackrock, discusses the journey of bringing bitcoin and Blackrock together and the potential transformative impact on the industry</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

The launch of bitcoin ETFs, specifically ibit, ibiz, and Blackrock software, has seen unprecedented success and rapid growthIbid ETF reached $10 billion in assets in just 49 days, breaking records previously held by other ETFsRobbie Michnick, head of digital assets at Blackrock, discusses the journey of bringing bitcoin and Blackrock together and the potential transformative impact on the industryThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>It comes as no surprise that we have been bearish on the crypto market in recent weeks.</li><li>However, the market seems indifferent to our stance.</li><li>The softer-than-expected US Consumer Price Index (CPI) report last Wednesday boosted risk-on assets, particularly cryptocurrencies, while the prospect of improved liquidity conditions in the economy is also set to benefit the crypto market.</li></ul>

It comes as no surprise that we have been bearish on the crypto market in recent weeks.However, the market seems indifferent to our stance.The softer-than-expected US Consumer Price Index (CPI) report last Wednesday boosted risk-on assets, particularly cryptocurrencies, while the prospect of improved liquidity conditions in the economy is also set to benefit the crypto market.

<ul><li>Today, we need to address two critical topics, both connected to the U.S. regulatory landscape and, unsurprisingly, to crypto.</li><li>Firstly, let us discuss the pending decision by the U.S. Securities and Exchange Commission (SEC) regarding an Ethereum spot Exchange-Traded Fund (ETF).</li><li>The SEC is poised to approve or reject the VanEck Ethereum ETF application by May 23.</li></ul>

Today, we need to address two critical topics, both connected to the U.S. regulatory landscape and, unsurprisingly, to crypto.Firstly, let us discuss the pending decision by the U.S. Securities and Exchange Commission (SEC) regarding an Ethereum spot Exchange-Traded Fund (ETF).The SEC is poised to approve or reject the VanEck Ethereum ETF application by May 23.

Crypto Moves #28 – U.S. Election Puts Crypto on the Map

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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Steno Signals #101 – Introducing the Washington DC Crypto Put!

It’s been a break-through week for Crypto bros in many ways. First, the SEC made a massive u-turn and approved the spot ETH ETF and then Donald...

Steno Research

Crypto Moves #29 – What to Expect from the Ethereum Spot ETFs?

Indeed, this has been a remarkable week. In last week’s Crypto Moves #28, we noted that the tight race between President Biden and Trump in the...

Steno Research

Blackrock's Bitcoin Believer

The launch of the bitcoin ETF ibit by Blackrock has been highly successful, reaching $10 billion in assets in just 49 days and becoming the second...

Trillions

Crypto Crisp: Crypto vs. Macro

It comes as no surprise that we have been bearish on the crypto market in recent weeks. However, the market seems indifferent to our stance. The...

Steno Research

Crypto Moves #28 – U.S. Election Puts Crypto on the Map

Today, we need to address two critical topics, both connected to the U.S. regulatory landscape and, unsurprisingly, to crypto. Firstly, let us...

Steno Research

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