©1998 *Educational CyberPlayGround®
https://edu-cyberpg.com
©ECP Blog ( ͡° ͜ʖ ͡°)
Sign Up Email List NetHappenings News Headlines https://cyberplayground.org
ლ(ᗒ⏠ᗕლ) Twitter @CyberPlayGround
* CoSo http://Counter.social/@cyberplayground
* @CyberPlayGround@Tribel
©1993 https://k12playground.com
© https://RichAsHell.com
Happy New Year Everyone 2024
The Bitcoin Spot ETF Race Is On
I’m So Happy that You are alive with me when history is made, and together we witness the acceptance of a new asset class on earth.
It’s like really getting Amazon or Microsoft at the very beginning of these companies. It will be enough to be early.
Lets celebrate this amazing invention called Bitcoin, and here’s to an amazing 2024!
Remember ….
Everyone — I mean everyone listened to Larry Fink talk about bitcoin as something horrible for years and years and years and years!
NOW Larry Fink says “Bitcoin is an international asset” and “a flight to quality.”
Aren’t you glad you already bought bitcoin, took it off the exchange and put it in your wallet? You just sit here and hodl the real thing in cold storage all along. Imagine people’s surprise when they realize that the self custody fee is 0%.
Some of the biggest asset managers on the entire planet are going to release a Spot BTC ETF.
Blackrock $9.3 Trillion
Fidelity $4.5 Trillion
Franklin Templeton $1.53 trillion
Invesco $1.5 Trillion
https://twitter.com/i/status/1740753722396020761/video/1
Also others like Bitwise, WisdomTree, Hashdex, Ark Invest, and VanEck
And this is just the beginning.
The floodgates are open.
BlackRock, Fidelity, WisdomTree, and Valkyrie designate Jane Street, SBF’s former employer, as an Authorized Participant for the spot #Bitcoin ETF. They will handle creating and redeeming baskets of shares in the fund and manage cash transfers to and from its administrator.
Quick inventory of currently disclosed spot bitcoin ETF fees…
Invesco and Galaxy waving fees for thefirst 6 mos up to $5bil AUM & then 0.59% thereafter
Fidelity = 0.39%
ARK 21Shares = 0.80%
Valkyrie = 0.80%
Grayscale = 2% (current GBTC fee; firm publicly committed to dropping)
Fidelity’s S-1 in as wow, it included its fee which will be 0.39%, by far lowest so far, also names Jane Street as AP. Fidelity is officially ready to party.
This is just the start of the Bitcoin ETF fee war between the worlds largest asset managers 🔥
“The asset manager has massive purchasing power. So the asset manager has the ability to impose certain structural changes in the market by purchasing power alone” – @SergeyNazarov @ @Fidelity Investments 7/22/2020
https://x.com/ChrisBarrett/status/1741136696308093019
“Fidelity believes Twitter is worth 71.5% less than at the time of purchase”
Fidelity, which helped Musk buy Twitter for $44bn (£35bn) in 2022, now believes the company is worth 71.5pc less than at the time of purchase.
Wall Street giants Schwab, Fidelity, Citadel, Virtu, Sequoia, & Paradigm have created a ‘Crypto’ Exchange, EDX Markets.
The Problem?
The system is built to Internalize trades, avoiding direct on-chain transactions. Sound familiar?
https://x.com/741trey/status/1741241134494478816
For your information. The amount seeded means literally nothing. BlackRock’s clients will likely deploy billions into their Spot ETF if approved! So will Fidelity’s clients and all others.
This is my opinion. Not financial advice!
Larry Fink “Bitcoin is an international asset” video https://x.com/seth_fin/status/1741176351934038228
WHY #Bitcoin Will Hit $1 Million After ETF Approval”-@Excellion
Samson’s Predictions for 2024 🥂
— NEVER BELIEVE PREDICTIONS
— PREDICTIONS ARE ALWAYS WRONG
— NOBODY KNOWS WHAT WILL HAPPEN
ETFs are not a sell-the-new event, but rather a reflection of growing real demand for exposure to #Bitcoin. Nothing is priced in.
#Bitcoin 2023 close: $42,258.
Up +156% from $16,528 in 2022.
Ready for ETFs and April halving in 2024!
It’s never too late to start stacking sats — it is still early!!!!!
Yes, WE will will see amazing things happen over the next 4 years.
The promise of the Internet – Knowledge is Free. Now wealth separates from “trust” and “state” because the technology is better than anything we had before, and we won’t ever live without it.
Like the fundamental unit of work is the Joule. From here out, we measure wealth in Bitcoin. The fundamental unit is bitcoin.
Bitcoin Fixes Money, It will make the world a better place for everyone.