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.

Macro and Geopolitical Research House

Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Crypto

<ul><li>There is no Crypto Moves today.</li><li>Instead, today’s note marks our first trade for our Crypto Portfolio, along with the rationale behind this decision.</li><li>This trade aims to indirectly benefit from the imminent launch of U.S.-based Ethereum ETFs, without directly increasing our Ethereum exposure.</li></ul>

There is no Crypto Moves today.Instead, today’s note marks our first trade for our Crypto Portfolio, along with the rationale behind this decision.This trade aims to indirectly benefit from the imminent launch of U.S.-based Ethereum ETFs, without directly increasing our Ethereum exposure.

Crypto Portfolio: Adding Ethereum Alpha with ETF Launch and Institutional Onchain Adoption