Know I’ve said multiple times before, but…

*Nobody* more engaged & passionate out here than crypto crowd.

Nobody.

Period… and it’s not even close.

So the question should be… why is that?

When you start trying to answer that question, you begin to better understand crypto.

Death, taxes, GBTC outflows…

Stop it…

That’s enough.

We’re not doing “OMO”.

<bonus points if you can guess what this means w/out looking>

Remember…

Nobody. Knows. Anything.

Inflation vs the Fed…

iShares going all-in on spot bitcoin ETF ads…

Eric Balchunas wasn’t joking.

I count 7 banner ads just scrolling *Bloomberg* home page.

Remember, we’re only 3mos in here.

Marketing war still just getting started.

iShares Bitcoin ETF is now in top 100 of *all* ETFs by assets...

That's out of nearly 3,500 ETFs.

Did this in 3 months.

“I’m not sure why the SEC is taking so long to review these rule changes. They already approved options for bitcoin futures ETFs.' -Bryan Armour

Why no options on spot bitcoin ETFs yet? I offer some color here as well.

via Ben Strack 🟪 blockworks.co/news/sec-spot-…

Fidelity kicked huge hornets’ nest w/ this $100/trade fee imposed on ETF issuers not paying “maintenance arrangement”…

“Pay-to-play” has been around forever, but now huge topic of conversation.

Guessing this isn’t going to go well for gatekeeping platforms.

Transparency wins.

Fwiw, VanEck CEO says spot ether ETF will “probably be rejected” in May…

via Ryan Browne

One of my favorite pods so far this yr...

Lara Crigger & I discuss ETF industry's dirty little secret, which is now out in the open thanks to Fidelity.

Chris Davis is must listen... talks current stock market environment, active management, ETFs, & more.

Fidelity apparently asking ETF issuers for *15%* of total fund revenue in order to be included on platform & avoid investors being charged $100/trade…

One issuer: “The next ETF we come out w/, we’re going to go to market w/ max fee we can justify.”

Brutal.

via Will Schmitt

Alright, I guess maybe things are getting a little frothy out there…

Would like to remind everyone that we have options on 0DTE options ETFs (you're reading that correctly), but not spot bitcoin ETFs...

Seriously.

Global stock market indices have grown increasingly concentrated...

10 largest stocks in MSCI All Country World Index now account for nearly 20% of holdings.

I offer some thoughts here on what that means for investors.

via Steve Johnson

ft.com/content/9a0bc6…

Several ETF issuers have met w/ SEC re: spot ether ETF, but according to Barron’s…

“Those discussions have largely been one-sided, w/out the agency giving companies critical feedback needed to finalize their products.”

May 23rd deadline quickly approaching.

via Joe Light

Out here in Louisville…

When in Rome.

This week's ETF buzz...

theetfeducator.com/2024/04/06/etf…