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Tag: Eric Balchunas

  • ‘Big Shot’ Michael Burry’s AI bubble warning also extends to crypto: Expert

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    After popular investor and hedge fund manager Michael Burry warned a bubble is forming in the artificial intelligence (AI) sector, an AI entrepreneur has warned that the crypto market has entered a “casino reality.”

    Burry, popular for shorting the housing market bubble collapse in 2008, recently cautioned traders against an AI bubble and singled out, in particular, Nvidia (Nasdaq: NVDA), Meta (Nasdaq: META), Oracle (NYSE: ORCL), and Palantir Technologies (Nasdaq: PLTR).

    Related: Economist sends startling warning after ‘Big Short’s AI call

    The 2008 episode was the subject of the Hollywood film The Big Short (2015) in which actor Christian Bale played Burry. The legendary trader had shorted overvalued sectors earlier too, such as shorting the dot-com bubble burst in 2000.

    Michael Burry, former head of Scion Capital Group LLC, works in his office in Cupertino, California, U.S., on Monday, Sept. 6, 2010.

    But Burry has now deregistered his hedge fund, Scion Asset Management. He said:

    “My estimation of values in securities is not now, and has not been for some time, in sync with the markets.”

    Eric Balchunas, the senior ETF analyst at Bloomberg, responded to the development and said nobody, including those who get portrayed by Christian Bale, knows the future.

    Ahmad Shadid, founder of O Foundation, a Swiss-based AI research lab echoed similiar sentiments but about the rallying crypto market which has come to a halt.

    He told TheStreet Roundtable, the crypto market has gone from a more “traditional” run in 2024 — with altcoins and crypto projects with actual utility gaining traction and retail investment — to a “completely crumbled, degen, casino reality” — only meme coins and such tokens gaining the attention of crypto retail.

    Crypto retail traders have increasingly realized that they are the exit liquidity, said Shadid.

    There is “blatant” manipulation of charts and there are so many pump-and-dump coins, so traders don’t bother to go for the highest-valued coins to make 2x-5x maximum, he added.

    Both crypto retail traders and founders have realized that VCs and market makers are only milking them, Shadid opined.

    The market is now in an “almost nuclear winter” where some projects with little adoption raise exorbitant amounts of money, only to end up being “forgotten and unused,” he said.

    If a project doesn’t have a token with 500x potential, it doesn’t find any takers even if it has actual utility, he expressed his frustration.

    Shadid said a lot of projects, including his own, now view crypto as a “toxic space” in which nothing matters other than the token.

    The founder concurred with Burry’s view that we are in an AI bubble but said a bearish outlook on Nvidia isn’t substantiated enough. However, he said the company’s valuation is getting dangerous.

    In fact, he is of the view that if and when the AI bubble bursts, useless AI companies operating at the App layer would collapse first. This, in turn, would affect Nvidia.

    Nonetheless, Shadid didn’t contend the fact that there is no going back from the “AI-native world.”

    This story was originally reported by TheStreet on Nov 14, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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  • ‘The Baby Could Come Any Day,’ Bloomberg Analyst Says Litecoin, Solana And XRP ETF Approval Odds Now At 100%

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    A slew of cryptocurrency exchange-traded funds may be set to launch any day now, according to Bloomberg Intelligence Senior ETF Analyst Eric Balchunas.

    Balchunas said Monday on X that the approval of pending ETF applications tied to assets such as Cardano, Litecoin, Solana, and XRP was now “100%” guaranteed following the Securities and Exchange Commission’s launch of generic listing standards for cryptocurrency-based ETFs.

    Balchunas’ remarks came after the SEC requested that issuers withdraw 19b-4 filings related to their ETF applications.

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    The 19b-4 is a filing submitted by exchanges, such as the Nasdaq and NYSE, on behalf of issuers outlining a rule change required to list a new ETF. The filing has typically been required for spot cryptocurrency ETF approvals, but it also came with a statutory approval window of 240 days.

    According to Balchunas, 19b-4 filings and the “clock” that came with them are no longer necessary for spot cryptocurrency ETF applications thanks to the new generic listing standards. Now only S-1 registration filings are required, he said. S-1 filings submitted by issuers do not come with such deadlines.

    “The baby could come any day,” Balchunas said. “Be ready.”

    Before the recent shift in the cryptocurrency ETF applications process, the deadline for an SEC decision on ETF applications tied to Litecoin, Solana, and XRP was already concentrated in October.

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    Of all the pending spot cryptocurrency ETF applications, Balchunas suggested on Monday that Solana-linked products may be the first to be approved. He highlighted that registration statements linked to the products have already undergone four amendments, which typically signals high SEC engagement and progress.

    Bitwise investment chief Matt Hougan said last month that the launch of Solana ETFs would usher in “Solana season.” He cited a convergence of inflows into the products and demand from digital asset treasury companies that are stacking the asset. He said the combination was what sparked Bitcoin’s run from $40,000 in January 2024 to a record of nearly $125,000. He also said it is what has caused Ethereum to rally since April.

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  • Cyber Hornet Is Combining S&P 500 With XRP and Ethereum In New ETF Filing

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    Photo by BeInCrypto

    Financial advisors seeking to diversify client portfolios with cryptocurrencies—without stepping away from traditional equities—may soon have a new vehicle to do so.

    On September 26, asset manager Cyber Hornet submitted filings to the US Securities and Exchange Commission (SEC) for three crypto-linked exchange-traded funds (ETFs). Each fund is designed to blend exposure to the S&P 500 Index with Ethereum (ETH), Solana (SOL), and XRP.

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    According to the filing, each fund will allocate 75% of its portfolio to companies within the S&P 500. The remaining 25% will be dedicated to its respective digital asset or its associated futures market.

    Cyber Hornet has proposed the ticker symbols EEE for Ethereum, SSS for Solana, and XXX for XRP. Each fund will carry a 0.95% management fee.

    Market observers said the Cyber Hornet funds aim to give investors a middle ground between the resilience of large-cap US equities and the growth potential of digital assets.

    They believe this structure helps investors capture crypto’s upside while staying anchored in traditional markets. This approach reflects a growing recognition of digital currencies as viable portfolio components, not speculative outliers.

    Cyber Hornet’s move builds on its earlier success with a Bitcoin 75/25 fund, which delivered a 39% return in 2024. The crypto ETF ranked among Morningstar’s top performers in the Large-Blend category.

    That success may help justify expanding the strategy to other tokens like ETH, SOL, and XRP. Notably, investor interest in diversified crypto exposure has grown substantially over the past year, reinforcing the case for broader adoption.

    Meanwhile, these filings arrive amid a friendlier regulatory environment. The SEC’s Generic ETF Listing Standard, approved earlier this year, has simplified the path for issuers seeking to launch innovative products.

    This policy shift has spurred a wave of experimentation, encouraging firms like Cyber Hornet to blur the line between Wall Street and Web3. As a result, they are now building portfolios where digital assets and equities coexist within a single investment framework.

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  • Ethereum ETFs Launch About To Kickstart The Altseason?

    Ethereum ETFs Launch About To Kickstart The Altseason?

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    The long-awaited Ethereum Exchange-Traded Funds (ETFs) are finally live, registering over $100 million in volume in the first 15 minutes. Investors expect to see the launch’s impact on the crypto market, while some market watchers believe ETH ETF’s performance will kickstart the Altcoin season.

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    Ethereum Spot ETFs Are Officially Live

    On Monday, the US Securities and Exchange Commission (SEC) gave the final nod to Ethereum spot ETFs, setting the launch date for Tuesday, July 23. After the approval, investors raised the alarm following some online reports.

    Per Whale Alert, Grayscale has transferred $1 billion in ETH to Coinbase Institutional. This led many investors to fear that the digital asset manager’s transaction would add selling pressure to the asset and affect its price performance ahead of the launch.

    However, ETF expert Eric Balchunas offered some relief to investors after pointing out that Grayscale didn’t move the tokens to dump them. The firm transferred the 292,262 Ethereum “from $ETHE to its mini-me = $ETH.” Balchunas considers it “a new variable in this race that we didn’t have in the btc race.”

    The initial numbers have been released now that the highly anticipated products are live. Balchunas shared on X that the Ethereum ETFs saw $112 million in the first 15 minutes of trading. This number increased to $361 million total after 90 minutes.

    ETH ETFs’ initial volume after 90 minutes. Source: Eric Balchunas on X

    The Bloomberg expert praised the volume, calling it a “solid showing” regardless of being 20-25% of Bitcoin (BTC) ETFs numbers. Despite the healthy performance, ETH remains hovering between the $3,440 and $3,540 price range.

    Are ETH And Altcoins About To Take Off?

    Ahead of the launch, some market watchers anticipated that the ETFs’ performance could kickstart an upswing for Altcoins. According to several analysts, the Altcoins chart shows similarities to the 2016-2017 performance, suggesting that the Altseason is “brewing.”

    To Crypto Jelle, “Altcoins are still following the traditional bull market preparation playbook.” Per the macro chart, altcoins broke from the accumulation zone and chopped around key support levels during previous cycles.

    Ethereum
    ETH’s chart shows similarities to previous bull runs. Source: Crypto Jelle on X

    The “pre-bull market consolidation” was followed by a take-off that propelled cryptocurrency prices to new highs. Jelle pointed out altcoins are currently in the consolidation zone, similar to past cycles. He also suggested a new take-off “shouldn’t take long” after Ethereum ETFs’ launch.

    Crypto trader MikyBull also highlighted the similarities between the previous cycles, which suggest that a “huge Altseason is brewing.” To the trader, the recent “fake out” made investors believe that this cycle’s Altseason “has been written off,” but he expects altcoins to “pull a 2017 kind of explosive” rally that follows the same PA path.

    The trader considers Ethereum’s price might be positively affected by ETH spot ETFs. This performance will be the primary driver for the “huge rally in the coming months.” Additionally, he set a band price target of $10,000 for ETH.

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    Other market watchers suggested that investors must remain serene if a price drop occurs. Pseudonym analyst and trader Moustache called for patience as “it’s only a matter of time.” “Ethereum chart looks like it did in the last cycle, just before the Altcoin bull market started,” he added.

    As of this writing, the second-largest cryptocurrency by market capitalization is trading at $3,419, a 1.1% decline in the last 24 hours.

    Ethereum, ETH, ETHUSDT, ETH ETFs
    Ethereum’s performance in the three-day chart. Source: ETHUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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