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Welcome to Thursday Folks! Bitcoin is trading up at $47,104.86. Bitcoin is back! Let's get on with the news...
SUMMARY
Yesterday, was a complete disaster of the launch of the Spot Bitcoin ETF, so let me make this fast and sweet - ETF Approved. Done. Nothing more to say, except that trading begins this morning with Grayscale being first, but BlackRock iShares is up 22% in pre-market trading; looks like it will NOT be a sell the news event. In fact, Samson Mow believes the "Omega Candle" is coming.
Meanwhile it was said that Uncle GG (Gary Gensler) had the deciding vote to approve BUT he says he doesn't endorse Bitcoin; umm yeah right.(2) Many have mixed feelings about Bitwise contributing 10% of their spot Bitcoin ETF to advance the industry so it will be interesting how this looks 10 years from today.
Yat Siu believes the approval of the US Spot Bitcoin ETF will have a greater impact on Asia(2) as a Hong Kong lawmaker is advocating they do the same.(2) Franklin Templeton but laser eyes on Ben Franklin - haha.
Meanwhile, can you believe that MicroStrategy is up $500M this year alone in unrealized gains? Just goes to show you the power of Bitcoin.
With all the excitement the Bitcoin ETF has brought us, we now get round #2 with the ETH ETF and it's pumping the price of ETH up to nearly $2700!(3) Vitalik Buterin is in support of raising gas fees to 33% to improve network capacity.
Circle (USDC issuer) has decided to IPO.(4)
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Podcast of the Day: #1293 James Seyffart | Bitcoin ETF APPROVED: What You Need To Know | TPP
