🟠 A reminder by Hal Finney ⚡️

🟠 This morning was wild for Bitcoin ETF filers. Here's the state of play on the fee war front. Lowest long term fee is Bitwise Invest at 0.24% followed closely by VanEck at 0.25%. But we also have fee waivers on 3 for 6 months down to 0.0%. Plus BlackRock waiver to 0.20% 👀

By James Seyffart

"ARK just dropped their fee to 0.25% in an S-1 filed 20 minutes after BlackRock’s. Told y’all the fee war would break out bf they even launched. And this is w out Vanguard on the mix. Damn."

- Eric Balchunas

🎙 Steve Weiss: "I don't believe in Bitcoin. I still see no use case other than speculation"

Weiss sold half his position of Bitcoin before the run-up because he believes the ETF news is priced in 🤦‍♂️

NEW: 🟠 Multinational bank Standard Chartered calling for $50b-$100b of inflows into spot Bitcoin ETFs in 2024 🔥

CNBC: 📺 Trading of spot Bitcoin ETFs could begin Thursday or Friday❗️

Not that CNBC is at all a reliable source lol but we're close

NEW: 🇺🇸 SEC Chair Gary Gensler writes a thread warning of "fraud and volatility" in the crypto asset space the same morning all Bitcoin ETF issuers submitted their final S1 forms 👀

🚨 THE DOJ says, “we have 120,000 bitcoin that has a basis of $71M, today the value of that #Bitcoin is $5.4 Billion.”❗️

Whatever you take from this, please let it be that if hodling was good for the government, it most definitely is for you.

SEC Chair Gary Gensler urges caution to asset managers and investors as they near a decision on approving spot Bitcoin ETFs.

With revised S-1 applications in from major players, Gensler warns of high risks and volatility.

https://www.btctimes.com/news/gensler-cautions-on-crypto-with-spot-bitcoin-etf-approval-looming

Bitcoin is up OVER 160% since Peter Zeihan, one year ago today, said that bitcoin would trade BELOW ZERO! ☠️

lol, lmao even

🟠 The number of up-to-date merchants accepting BTC cataloged by BTC Map increased 174% in 2023 📈

🗓 Exactly 15 years ago, the 1st Bitcoin software was officially released, giving the world the gift of inflation-resistant sound money 💪

The perfect day for an ETF approval to take $BTC mainstream 🚀

ICYMI: 🇺🇸 Former SEC Chair says spot Bitcoin ETF approval is inevitable, "there's nothing left to decide."❗️

🟠 Invesco Galaxy files registration of securities for their spot Bitcoin ETF with the SEC 👀

🟠 Everything priced in #Bitcoin is going towards 0 📉

🟠 When the fam asks you where's Bitcoin heading:

JUST IN: 🚨VanEck (seems to) confirm that the Bitcoin ETFs will begin trading on Thursday❗️