Unchained
Unchained
Laura Shin
Bits + Bips: Why Bitcoin Has the Least to Gain From the Clarity Act
9 minutes Posted Jul 25, 2026 at 5:16 am.
The BVIV vs. IBIT options divergence — and what it's telling traders
Regulated vs. offshore: how IBIT and BVIV-US stack up
Why Ethereum, Solana, and Hyperliquid have more riding on Clarity than Bitcoin
How far out Volmex's term structure actually reaches
Cole's read on where an increasingly institutional crypto market goes next
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Show notes
Cole Kennelly, founder and CEO of Volmex Labs, traces why BVIV and BVIV-US diverge around IBIT's regulated options market, makes the case that Ethereum, Solana, and Hyperliquid have more to gain from the Clarity Act than Bitcoin, and shares his outlook for an increasingly institutional crypto market by year-end.
Host:
Steven Ehrlich, Head of Research at Sharplink
Guest:
Cole Kennelly - Founder and CEO of Volmex Labs
This clip is from a longer conversation on the Clarity Act's uneven impact across crypto and Volmex's institutional outlook for the market. Full episode here: https://youtu.be/9SUeqeInZws?si=gF6-ZEEy-BED-yJa 
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