One piece of news today that hasn't received much coverage is changes to

Black Rock's application for Bitcoin ETF.

Previously, many were willing to accept Bitcoin in exchange for ETF shares (in-kind). This allowed clients wishing to enter the ETF to purchase BTC in advance to enter the ETF at a discount. In addition, transferring BTC to the Trust made it possible to avoid the Capital Gain Tax.

However, the SEC has demanded that this mechanism be changed (to eliminate the possibility of tax avoidance) in order to create a fairer market

environment. Black Rock introduced a change by offering "all cash". This does not mean that payment will be made in physical cash, but most likely it means there will be no other financial instruments.

What does this mean? Apparently, Black Rock will be forced to purchase BTC on the open market, increasing demand and possibly raising prices. Perhaps they will also offer their own military-technical cooperation, but probably not without benefit to themselves.

These changes may have an impact on the price of military-technical cooperation, and this impact will not be long in coming.