"They may shock the world & offer something that’s 10bps in a few months.” -Eric Balchunas Schwab to enter spot bitcoin ETF race? I say it’s already foregone conclusion. Agree w/ Eric & believe will happen (sooner rather than later). via Lisa Shidler riabiz.com/a/2024/1/27/ch…

Life hack…

Spot bitcoin ETF race thru Thursday… 134k btc. via Apollo

This week’s ETF buzz… theetfeducator.com/2024/01/27/etf…

Here’s full explanation from Vanguard on not allowing spot bitcoin ETFs on platform… “It’s an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.” investor.vanguard.com/news/no-bitcoi…

Cash & carry trade has ramped up w/ rollout of spot bitcoin ETFs… via Financial Times ft.com/content/6cdb22…

Early candidate for ETF chart of the yr… What will this look like in a month? via Farside Investors

WE'RE GOING BACK TO THE SUPER BOWL!!!!!!!!

GBTC started w/ $28+bil AUM lead on spot bitcoin ETF competition… That’s now down to $15bil in two weeks. GBTC = $21bil Nine new ETFs = nearly $6bil Wild.

Amplify ETFs completes acquisition of ETFMG’s lineup…   Amplify now w/ 31 ETFs & over $9bil AUM. globenewswire.com/news-release/2…

Invesco & Galaxy chopping fee on BTCO from 0.39% to 0.25%… 9 of 10 spot bitcoin ETFs now priced at 0.30% or less. That’s 0.10%+ cheaper than largest gold ETF. *Nobody* expected that to happen this quickly. And yes, one of these fees is not the like others. h/t James Seyffart

Absolutely loaded pod this week... Jay Jacobs & I discuss: -Jay going viral w/ iShares Bitcoin ETF ad -Initial investor response to IBIT -Potential role of btc in portfolio Plus, VettaFi's Stacey Morris *always* on top of energy sector & GMO's Tom Hancock talks quality ETF.

Some broker-dealers still in dark ages… “We’re scrambling to figure out spot bitcoin ETFs right now.” Only had 10+yrs to think about it. Gatekeeping b/c unprepared. via Bruce Kelly

iShares Bitcoin Trust & Fidelity Wise Origin Bitcoin Fund now #1 & #2 in AUM out of *all* ETFs launched since beginning of 2023… That’s over 600 ETFs. IBIT & FBTC did this in less than 3 weeks.

.Nate Geraci engages with top minds in the #investment space each week on ETF Prime Podcast! 🎙️ Tune into the newest episode to hear from: ➡ Stacey Morris, CFA: on the indexes behind Texas Capital Texas Oil Index ETF $OILT & Alerian MLP Index ETN $AMJB, the upside of #EnergySector

Marketing war around spot bitcoin ETFs still in infancy… “The IBIT Signal is an animation designed to be projected onto the façades of former financial institutions in New York City, Miami, and Los Angeles.” This thing just getting started. sec.gov/Archives/edgar…

Nate Geraci Didn’t expect this timeline but here we are

Heard exact same things about physical gold ETFs… Repeat after me: ETFs are simply vehicles to access markets. These vehicles are driven by humans. Humans, not ETFs, drive markets.

Could take months to gain regulatory approval for options on spot bitcoin ETFs… “Products related to spot bitcoin ETFs could raise questions about jurisdiction & oversight, which the CFTC is still sorting through.” Took 3+yrs for CFTC to approve options on GLD. via Reuters