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스톡데일 패러독스 Stockdale paradox 비관적인 현실을 냉정하게 받아들이는 한편, 앞으로는 잘될 것이라는 굳은 신념으로 냉혹한 현실을 이겨내는 합리적인 낙관주의 냉철한 현실인식과 뚜렷한 목표 달성의 의지가 동반된다는 점에서 스톡데일 패러독스는 비현실적이고 현실 왜곡적인 막연한 낙관주의 혹은 자기기만(self-deception)과는 구별된다 포로 생활을 한 미군 장교 제임스 스톡데일(James Bond Stockdale)의 이름에서 유래 스톡데일(James Bond Stockdale)은 베트남 전쟁 때 포로 생활 중 냉혹한 현실을 직시하며 대비한 그는 살아남은 반면 대비 없이 그저 상황을 낙관만 한 동료들은 계속되는 상심을 못 이겨 죽고 말았다.
스톡데일 패러독스

Stockdale paradox

비관적인 현실을 냉정하게 받아들이는 한편, 앞으로는 잘될 것이라는 굳은 신념으로 냉혹한 현실을 이겨내는 합리적인 낙관주의

냉철한 현실인식과 뚜렷한 목표 달성의 의지가 동반된다는 점에서 스톡데일 패러독스는 비현실적이고 현실 왜곡적인 막연한 낙관주의 혹은 자기기만(self-deception)과는 구별된다

포로 생활을 한 미군 장교 제임스 스톡데일(James Bond Stockdale)의 이름에서 유래

스톡데일(James Bond Stockdale)은 베트남 전쟁 때 포로 생활 중 냉혹한 현실을 직시하며 대비한 그는 살아남은 반면 대비 없이 그저 상황을 낙관만 한 동료들은 계속되는 상심을 못 이겨 죽고 말았다.
Approval of four BTC spot ETFs, including Blackrock and Invesco, postponed... The remaining three may also be postponed According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has postponed approval of the application for the Invesco Bitcoin spot ETF. Of the seven Bitcoin spot ETF applications that required an approval decision by mid-October, four (Valkyrie, Bitwise, Blackrock, and Invesco) have been postponed. Regarding this, Bloomberg analyst James Seyffart said, "Due to the possibility of a U.S. government shutdown becoming a reality on October 1 (local time), the remaining Fidelity, VanEck, and WisdomTree's applications for Bitcoin spot ETFs may also be postponed." . https://coinnesslive.page.link/qWCDPUF6eNGhYe687 #ETFs
Approval of four BTC spot ETFs, including Blackrock and Invesco, postponed... The remaining three may also be postponed

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has postponed approval of the application for the Invesco Bitcoin spot ETF. Of the seven Bitcoin spot ETF applications that required an approval decision by mid-October, four (Valkyrie, Bitwise, Blackrock, and Invesco) have been postponed. Regarding this, Bloomberg analyst James Seyffart said, "Due to the possibility of a U.S. government shutdown becoming a reality on October 1 (local time), the remaining Fidelity, VanEck, and WisdomTree's applications for Bitcoin spot ETFs may also be postponed." .

https://coinnesslive.page.link/qWCDPUF6eNGhYe687

#ETFs
Bitcoin holdings ranking💰 [Source] 1st. Satoshi Nakamoto: 75-1.1 million 2nd place. Binance: 643,546 3rd place. Grayscale: 627,779 4th place. US Government: 207,189 5th place. Mt Gox: 200,000 6th place. Bitfinex: 196,252 7th place. Chinese government: 194,000 8th place. MicroStrategy: 152,800 9th place. Black One: 140,000 10th place. Robinhood: 118,300 Top 10 Bitcoin Holders - Individual 1, Exchange 4, Government 2, Asset Management Company 3 - Total Bitcoin: 3,479,866 - 16-17% of total Bitcoin circulation Mt. Gox (5th) - Japanese exchange went bankrupt due to hacking in 2014 - A significant portion of the money will be repaid to creditors. - Therefore, this is the potential selling volume of Bitcoin. - However, it is judged to have no effect on the value of Bitcoin. US and Chinese governments - Two countries competing for hegemony in the New World - Among the top 10 in Bitcoin holdings - Positive signs for future Bitcoin value 2 virtual asset management companies - Grayscale and MicroStrategy - Potential to grow into a top company after operating spot ETF - Positive signs for future Bitcoin value Conclusion: Bitcoin Spot ETF Recognized Price

Bitcoin holdings ranking

💰 [Source] 1st. Satoshi Nakamoto: 75-1.1 million 2nd place. Binance: 643,546 3rd place. Grayscale: 627,779 4th place. US Government: 207,189 5th place. Mt Gox: 200,000 6th place. Bitfinex: 196,252 7th place. Chinese government: 194,000 8th place. MicroStrategy: 152,800 9th place. Black One: 140,000 10th place. Robinhood: 118,300 Top 10 Bitcoin Holders - Individual 1, Exchange 4, Government 2, Asset Management Company 3 - Total Bitcoin: 3,479,866 - 16-17% of total Bitcoin circulation Mt. Gox (5th) - Japanese exchange went bankrupt due to hacking in 2014 - A significant portion of the money will be repaid to creditors. - Therefore, this is the potential selling volume of Bitcoin. - However, it is judged to have no effect on the value of Bitcoin. US and Chinese governments - Two countries competing for hegemony in the New World - Among the top 10 in Bitcoin holdings - Positive signs for future Bitcoin value 2 virtual asset management companies - Grayscale and MicroStrategy - Potential to grow into a top company after operating spot ETF - Positive signs for future Bitcoin value Conclusion: Bitcoin Spot ETF Recognized Price
Tether purchased 10,000 Nvidia H100 GPUs worth $420 million in exchange for a 20% stake in Northern Data, Europe's largest Bitcoin mining company. Northern Data plans to lease these GPUs to artificial intelligence startups.
Tether purchased 10,000 Nvidia H100 GPUs worth $420 million in exchange for a 20% stake in Northern Data, Europe's largest Bitcoin mining company. Northern Data plans to lease these GPUs to artificial intelligence startups.
❓zkSync 한 명이 21,877 계정 돌리는 중 1. 에어드랍 헌터 한 명이 $GEM 이라는 토큰을 거래하는 논오픈 소스 DEX를 직접 만들어버림 2. 모든 작업용 부지갑을 WL에 등록한 뒤 $GEM을 일일히 클레임함 3. 클레임한 $GEM을 파는 식으로 만 달러 볼륨과 10tx를 챙김, 자기가 토큰 찍고 유동성도 공급했으니 슬리피지는 제로 4. 이 짓거리를 봇 코드를 사용해서 21,877 개의 지갑으로 돌림 뽀록이 나버렸는데 매터랩스 측에서 어떻게 처리할지 궁금하네요. 원문 : https://twitter.com/lingland09/status/1700970363713167450?s=20
❓zkSync 한 명이 21,877 계정 돌리는 중

1. 에어드랍 헌터 한 명이 $GEM 이라는 토큰을 거래하는 논오픈 소스 DEX를 직접 만들어버림

2. 모든 작업용 부지갑을 WL에 등록한 뒤 $GEM을 일일히 클레임함

3. 클레임한 $GEM을 파는 식으로 만 달러 볼륨과 10tx를 챙김, 자기가 토큰 찍고 유동성도 공급했으니 슬리피지는 제로

4. 이 짓거리를 봇 코드를 사용해서 21,877 개의 지갑으로 돌림

뽀록이 나버렸는데 매터랩스 측에서 어떻게 처리할지 궁금하네요.

원문 : https://twitter.com/lingland09/status/1700970363713167450?s=20
#PrismaFinance #airdrop - Rewards for contributors during Prisma Guarded launch period - Points will be mainly rewarded to vault + mkUSD users - Incentives will be provided for activities that contribute to the Prisma ecosystem
#PrismaFinance

#airdrop

- Rewards for contributors during Prisma Guarded launch period

- Points will be mainly rewarded to vault + mkUSD users

- Incentives will be provided for activities that contribute to the Prisma ecosystem
Apple China What happens to Apple if the US and China fight? · China recently banned the use of iPhones. · It is presumed that the conflict between the United States and China is the cause. · But China, if you do that, aren’t you pointing your own sword at yourself? Approximately 2 million Chinese workers related to Apple / About 1.5 million people work at Foxconn Foxconn is a company that produces iPad and iPhone products / In addition, there are partner companies such as Villacom and Luxshare. The whole world knows that China is currently suffering from an unemployment problem. Is it possible to continue solving it this way? #Apple #China 如果美国和中国打架,苹果会怎样? · 中国最近禁止使用 iPhone。 · 据推测,美国和中国之间的冲突是原因。 · 但中国,你这样做,不是拿自己的剑指着自己吗? 约200万中国员工与苹果相关/ 富士康约有 150 万人工作 富士康是一家生产iPad和iPhone产品的公司/此外还有Villacom、立讯精密等合作伙伴公司。 全世界都知道中国目前正面临失业问题,这样下去还能解决吗? #苹果#中国

Apple China

What happens to Apple if the US and China fight?

· China recently banned the use of iPhones.

· It is presumed that the conflict between the United States and China is the cause.

· But China, if you do that, aren’t you pointing your own sword at yourself?

Approximately 2 million Chinese workers related to Apple /

About 1.5 million people work at Foxconn

Foxconn is a company that produces iPad and iPhone products / In addition, there are partner companies such as Villacom and Luxshare.

The whole world knows that China is currently suffering from an unemployment problem. Is it possible to continue solving it this way?

#Apple #China

如果美国和中国打架,苹果会怎样?

· 中国最近禁止使用 iPhone。

· 据推测,美国和中国之间的冲突是原因。

· 但中国,你这样做,不是拿自己的剑指着自己吗?

约200万中国员工与苹果相关/

富士康约有 150 万人工作

富士康是一家生产iPad和iPhone产品的公司/此外还有Villacom、立讯精密等合作伙伴公司。

全世界都知道中国目前正面临失业问题,这样下去还能解决吗?

#苹果#中国
미래에셋증권은 토큰화된 증권 네트워크의 개발과 Web3 도입을 가속화 하기위해 폴리곤체인 선택 https://www.coindesk.com/business/2023/09/07/500b-korean-asset-manager-taps-polygon-labs-to-develop-tokenized-securities-network/ #MATIC
미래에셋증권은 토큰화된 증권 네트워크의 개발과 Web3 도입을 가속화 하기위해 폴리곤체인 선택

https://www.coindesk.com/business/2023/09/07/500b-korean-asset-manager-taps-polygon-labs-to-develop-tokenized-securities-network/

#MATIC
DSPP NEW TREND DEFI RESEARCH #TYMIO @TYMIOapp 🔥Decentralized Structured Products Protocol 🏁April Angels ivestment Round completed 🖥️Eth network and Arbitrum network TYMIO contract : 0x1Cc15FC92C0D4cd9e9bfEeE6905C0B0fCaA261Cd 🚀You can use a strategy that can generate high profits in today's volatile market. At the same time, you can also aim for #Airdrops based on profit and trading volume. Own DAO and token issuance also appears to be being considered in the roadmap for the second half of the year. By entering quickly in the early stages, you may be able to take advantage of the benefits as an early user. ⛏️Airdrop First 100 users who has made at least three consecutive deals (next deal should be within one week after previous) on TYMIO and posted about TYMIO in any well-known social network, using active links to sell-high or buy-low, will get 10K USDC or equivalent in TYMIO tokens, as soon as TYMIO valuation hits 150M. Threshold will be determined using last investment round valuation or token market cap. How? Directly to the eligible wallets. Yes, 10K USD. You got it right. When? Our estimation that we will hit 150M valuation at the end of 2024. Why? We appreciate your loyalty and we need your support NOW! https://sell-high.io/code/c90dca - sell higher than market and earn extra yield https://buy-low.io/code/c90dca - buy lower than market and earn extra yield <How to USE> https://youtu.be/kE0TBjPMox4?si=5jHsxzFEUB-kWXzl The Decentralized Structured Products Protocol (DSPP) enables the creation of financial products and strategies tailored to the needs of a broad range of non-professional users, thereby making the management of crypto assets more efficient and accessible. DSSP operates atop decentralized options liquidity markets as an additional layer, offering user-friendly tools for individuals seeking low to moderate risks to enhance the profitability of their crypto asset holdings. Similar to how Automated Market Makers (AMMs) and Decentralized Exchanges (DEXes) have disrupted traditional exchanges and market makers, TYMIO DSPP aims to do the same for banks by democratizing the creation of customized structured products. DSPP enables users to tailor their own financial products according to their needs, removing the reliance on traditional banking institutions. This shift towards decentralization allows for greater accessibility, transparency, and control over investment strategies, putting the power in the hands of individual users. TYMIO DSPP aims to provide user-friendly financial products based on options for a broad range of crypto asset holders who do not wish to or have the ability to engage in active trading but seek additional yield from their crypto. Our precise target audience consists of those seeking passive strategies with low to moderate risk and increased APY/ARP. We expect this segment to grow over time, in tandem with worldwide crypto adoption. We will begin with the ETH/USDC "limit order with yield" product and expand our offerings over time, as well as incorporate additional blockchains, assets, and liquidity sources. 👀Roadmap 1. Phase One: Evaluating Demand (2023) "Limit orders with yield" for USDC/ETH, our flagship product, based on the time-tested covered call/put option strategy using CEX liquidity (smart-routing liquidity from option CEXs). 2. Phase Two: Expansion (H2 2023) In this phase, we incorporate layer-2 networks such as Arbitrum and Optimism, as well as other blockchains and assets (BTC, USDT). 3. Phase Three: Decentralization (Q4 2023 - Q1 2024) During this phase, we connect to various option DEX liquidity sources, becoming a truly decentralized, permissionless, non-custodial protocol. 4. Phase Four: Multiple Product Offering (H2 2024) In this phase, we introduce other products, derived from option and futures strategies. As always, users will be able to set price and duration parameters, creating custom-made products. 5. Phase Five: Transition to DAO (H2 2024) TYMIO aims to become a significant pillar of the decentralized economy and an essential building block within the DeFi ecosystem. As it progresses, TYMIO plans to transition ownership of the service to the community through a Token Generation Event (TGE). This shift in ownership will empower the community to actively participate in the governance and decision-making processes of TYMIO. 👉TYMIO DSPP is set to disrupt the market for crypto structured products. It is a web3 protocol designed for the increasing number of crypto asset holders who are looking for efficient tools to generate higher yields on their assets. It allows users to create customized structured products with specified durations and price levels. Built on top of option liquidity sources, DSPP enables the general crypto-holding public to execute their income strategies without engaging in active trading. This makes it an accessible solution for those seeking passive income with more control over their investments. *https://bloomberg.com/professional/blog/sure-time-to-grasp-the-potential-of-structured-products Twitter: https://twitter.com/TYMIOapp Telegram: https://t.me/tymioapp

DSPP NEW TREND DEFI RESEARCH

#TYMIO

@TYMIOapp

🔥Decentralized Structured Products Protocol

🏁April Angels ivestment Round completed

🖥️Eth network and Arbitrum network

TYMIO contract :

0x1Cc15FC92C0D4cd9e9bfEeE6905C0B0fCaA261Cd

🚀You can use a strategy that can generate high profits in today's volatile market.

At the same time, you can also aim for #Airdrops based on profit and trading volume.

Own DAO and token issuance also appears to be being considered in the roadmap for the second half of the year. By entering quickly in the early stages, you may be able to take advantage of the benefits as an early user.

⛏️Airdrop

First 100 users who has made at least three consecutive deals (next deal should be within one week after previous) on TYMIO and posted about TYMIO in any well-known social network, using active links to sell-high or buy-low, will get 10K USDC or equivalent in TYMIO tokens, as soon as TYMIO valuation hits 150M. Threshold will be determined using last investment round valuation or token market cap.

How? Directly to the eligible wallets. Yes, 10K USD. You got it right.

When? Our estimation that we will hit 150M valuation at the end of 2024.

Why? We appreciate your loyalty and we need your support NOW!

https://sell-high.io/code/c90dca - sell higher than market and earn extra yield

https://buy-low.io/code/c90dca - buy lower than market and earn extra yield

<How to USE>

https://youtu.be/kE0TBjPMox4?si=5jHsxzFEUB-kWXzl

The Decentralized Structured Products Protocol (DSPP) enables the creation of financial products and strategies tailored to the needs of a broad range of non-professional users, thereby making the management of crypto assets more efficient and accessible. DSSP operates atop decentralized options liquidity markets as an additional layer, offering user-friendly tools for individuals seeking low to moderate risks to enhance the profitability of their crypto asset holdings. Similar to how Automated Market Makers (AMMs) and Decentralized Exchanges (DEXes) have disrupted traditional exchanges and market makers, TYMIO DSPP aims to do the same for banks by democratizing the creation of customized structured products. DSPP enables users to tailor their own financial products according to their needs, removing the reliance on traditional banking institutions. This shift towards decentralization allows for greater accessibility, transparency, and control over investment strategies, putting the power in the hands of individual users.

TYMIO DSPP aims to provide user-friendly financial products based on options for a broad range of crypto asset holders who do not wish to or have the ability to engage in active trading but seek additional yield from their crypto. Our precise target audience consists of those seeking passive strategies with low to moderate risk and increased APY/ARP. We expect this segment to grow over time, in tandem with worldwide crypto adoption. We will begin with the ETH/USDC "limit order with yield" product and expand our offerings over time, as well as incorporate additional blockchains, assets, and liquidity sources.

👀Roadmap

1. Phase One: Evaluating Demand (2023) "Limit orders with yield" for USDC/ETH, our flagship product, based on the time-tested covered call/put option strategy using CEX liquidity (smart-routing liquidity from option CEXs).

2. Phase Two: Expansion (H2 2023) In this phase, we incorporate layer-2 networks such as Arbitrum and Optimism, as well as other blockchains and assets (BTC, USDT).

3. Phase Three: Decentralization (Q4 2023 - Q1 2024) During this phase, we connect to various option DEX liquidity sources, becoming a truly decentralized, permissionless, non-custodial protocol.

4. Phase Four: Multiple Product Offering (H2 2024) In this phase, we introduce other products, derived from option and futures strategies. As always, users will be able to set price and duration parameters, creating custom-made products.

5. Phase Five: Transition to DAO (H2 2024) TYMIO aims to become a significant pillar of the decentralized economy and an essential building block within the DeFi ecosystem. As it progresses, TYMIO plans to transition ownership of the service to the community through a Token Generation Event (TGE). This shift in ownership will empower the community to actively participate in the governance and decision-making processes of TYMIO.

👉TYMIO DSPP is set to disrupt the market for crypto structured products. It is a web3 protocol designed for the increasing number of crypto asset holders who are looking for efficient tools to generate higher yields on their assets. It allows users to create customized structured products with specified durations and price levels. Built on top of option liquidity sources, DSPP enables the general crypto-holding public to execute their income strategies without engaging in active trading. This makes it an accessible solution for those seeking passive income with more control over their investments.

*https://bloomberg.com/professional/blog/sure-time-to-grasp-the-potential-of-structured-products

Twitter: https://twitter.com/TYMIOapp

Telegram: https://t.me/tymioapp
Metamask “Can cash out coins in wallet” Metamask, a virtual asset wallet service, has introduced a virtual asset cashing function. We have introduced a ‘Sell’ function that allows you to sell virtual assets stored in your wallet and exchange them for fiat currency. He also said, “The fiat currency that has been exchanged is sent to the bank account or PayPal selected by the user.” This feature is currently available in the US and select regions in Europe, but will be available in more regions in the future. Coins can be cashed out in the U.S.
Metamask “Can cash out coins in wallet”

Metamask, a virtual asset wallet service, has introduced a virtual asset cashing function.
We have introduced a ‘Sell’ function that allows you to sell virtual assets stored in your wallet and exchange them for fiat currency.

He also said, “The fiat currency that has been exchanged is sent to the bank account or PayPal selected by the user.”

This feature is currently available in the US and select regions in Europe, but will be available in more regions in the future.

Coins can be cashed out in the U.S.
BTC short-term SOPR, selling after reporting losses for #holders of less than 6 months] Short-term SOPR: This is an indicator showing the #profits and losses of short-term BTC investors (holders of less than 6 months). If it is above 1, short-term investors sell at a profit, and if it is below 1, they sell at a loss. The current short-term SOPR indicator value is 0.98. Therefore, it can be seen that holders of less than 6 months of BTC are selling at a loss. However, #BTC TC showed a pattern of whales and institutions accumulating the selling volume of short-term investors during the recovery and rising phases. Personally, I view the current period as the 'recovery phase' before the 'up rally' phase begins, and I think it is around July 2016 and December 2019. Even if a crash occurs in the asset market, we believe that the period will not be very long. Because of this risk, if we do not purchase and the stock rises, that is also a risk, so we are dividing it into installments and conducting #DCA.
BTC short-term SOPR, selling after reporting losses for #holders of less than 6 months] Short-term SOPR: This is an indicator showing the #profits and losses of short-term BTC investors (holders of less than 6 months). If it is above 1, short-term investors sell at a profit, and if it is below 1, they sell at a loss. The current short-term SOPR indicator value is 0.98. Therefore, it can be seen that holders of less than 6 months of BTC are selling at a loss. However, #BTC TC showed a pattern of whales and institutions accumulating the selling volume of short-term investors during the recovery and rising phases. Personally, I view the current period as the 'recovery phase' before the 'up rally' phase begins, and I think it is around July 2016 and December 2019. Even if a crash occurs in the asset market, we believe that the period will not be very long. Because of this risk, if we do not purchase and the stock rises, that is also a risk, so we are dividing it into installments and conducting #DCA.
#Breaking News Cross-chain protocol Synapse Labs revealed that its liquidity provider sold SYN tokens today and removed liquidity. 0x4d… Sold 473f 9 million SYN for 2.348 million USDC. 0xD8… 2A05 removed a cumulative $37.537 million from stablecoin liquidity.
#Breaking News

Cross-chain protocol Synapse Labs revealed that its liquidity provider sold SYN tokens today and removed liquidity. 0x4d… Sold 473f 9 million SYN for 2.348 million USDC. 0xD8… 2A05 removed a cumulative $37.537 million from stablecoin liquidity.
“The interest rate hike in the U.S. is over.” BlackRock, Pimco, and bond investors are now betting that the U.S. interest rate hike is over. #USA #United States
“The interest rate hike in the U.S. is over.”

BlackRock, Pimco, and bond investors are now betting that the U.S. interest rate hike is over.

#USA #United States
Differences between Spot ETF and Futures ETF • ETFs are funds traded on the stock market and track the price changes of the underlying assets. The biggest difference between futures/spot ETFs is the underlying asset. • Futures ETF invests in Bitcoin futures contracts, while spot ETF holds actual Bitcoin directly. • In the case of Bitcoin futures ETF, trading began in August of this year after approval in October 2021 in the United States (*ticker BCOIN). However, current trading volume is decreasing. • The futures Bitcoin ETF was approved in that it has lower price manipulation and volatility risk compared to the spot ETF. • On the other hand, the spot ETF is judged to have a high possibility of the operator manipulating the market and the index that tracks the spot ETF in the process of actually holding Bitcoin. A situation where applications from financial institutions such as Blackrock, Fidelity, and Invesco are rejected or delayed. Expected effects of launching a spot Bitcoin ETF • Expected effects of the launch of a spot Bitcoin ETF by the management company. If you think about it from the perspective, in order to operate a spot Bitcoin ETF, you must own a significant amount of Bitcoin. • A short-term price increase can be expected as large investment companies purchase large quantities of Bitcoin assets for product management. • If listed on the US stock market, which has a large market size, liquidity supply becomes smoother, while the number of accessible markets increases and TAM can be expanded. *Canada and Europe already have spot ETFs (US retirement pension market approximately $35 trillion, hedge funds $2.4 trillion, US stock market $46 trillion, etc.) • This is because the rollover, cost, and management fees of Bitcoin futures ETFs and the management and transaction fees are lower than those of existing trusts, which may increase the interest of institutional investors. Source: Eugene Investment & Securities Coin Weekly, August 5th week

Differences between Spot ETF and Futures ETF

• ETFs are funds traded on the stock market and track the price changes of the underlying assets. The biggest difference between futures/spot ETFs is the underlying asset.

• Futures ETF invests in Bitcoin futures contracts, while spot ETF holds actual Bitcoin directly.

• In the case of Bitcoin futures ETF, trading began in August of this year after approval in October 2021 in the United States (*ticker BCOIN). However, current trading volume is decreasing.

• The futures Bitcoin ETF was approved in that it has lower price manipulation and volatility risk compared to the spot ETF.

• On the other hand, the spot ETF is judged to have a high possibility of the operator manipulating the market and the index that tracks the spot ETF in the process of actually holding Bitcoin.

A situation where applications from financial institutions such as Blackrock, Fidelity, and Invesco are rejected or delayed.

Expected effects of launching a spot Bitcoin ETF

• Expected effects of the launch of a spot Bitcoin ETF by the management company. If you think about it from the perspective, in order to operate a spot Bitcoin ETF, you must own a significant amount of Bitcoin.

• A short-term price increase can be expected as large investment companies purchase large quantities of Bitcoin assets for product management.

• If listed on the US stock market, which has a large market size, liquidity supply becomes smoother, while the number of accessible markets increases and TAM can be expanded. *Canada and Europe already have spot ETFs

(US retirement pension market approximately $35 trillion, hedge funds $2.4 trillion, US stock market $46 trillion, etc.)

• This is because the rollover, cost, and management fees of Bitcoin futures ETFs and the management and transaction fees are lower than those of existing trusts, which may increase the interest of institutional investors.

Source: Eugene Investment & Securities Coin Weekly, August 5th week
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Ανατιμητική
Here is the judge's opinion: Grayscale Provides Hard Evidence of 99.9% Correlation Between Bitcoin Spot Market and CME Futures Prices The SEC approved the listing of two Bitcoin futures ETPs, but failed to adequately explain its reasons for not approving Grayscale's proposed Bitcoin ETP listing. It is unlawful to treat similar products differently from regulation without a consistent explanation. Therefore, we (the judge) grant Grayscale's Petition for Review and invalidate the Commission Order. #SEC #Grayscale
Here is the judge's opinion:

Grayscale Provides Hard Evidence of 99.9% Correlation Between Bitcoin Spot Market and CME Futures Prices

The SEC approved the listing of two Bitcoin futures ETPs, but failed to adequately explain its reasons for not approving Grayscale's proposed Bitcoin ETP listing.

It is unlawful to treat similar products differently from regulation without a consistent explanation.

Therefore, we (the judge) grant Grayscale's Petition for Review and invalidate the Commission Order.

#SEC #Grayscale
#BlackRock owns an 8.1% stake in #MicroStrategy, so in effect they already own 12,244 #Bitcoins.
#BlackRock owns an 8.1% stake in #MicroStrategy, so in effect they already own 12,244 #Bitcoins.
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