Blackrock iShares files for Spot BTC ETF.

[The_Krakenite]

https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm

 

[RedDuke]

SEC was adamant in past, that Tethers and other fake stable coins are main culprit why spot BTC ETF will not be allowed.

Black Rock of course has a lot of sway.

 

[The_Krakenite]

I noticed today that the 55-PUT on Coinbase is already OOTM again. People losing faith in Gensler's abilities to win this...

 

[johnarb]

Hoping and praying this too will get denied, but...

https://www.cnbc.com/2023/06/15/bla...-etf-with-coinbase-as-a-crypto-custodian.html

https://twitter.com/x/status/1669463234636656641

https://twitter.com/x/status/1669373136733720576

 

[ETJ]

He's won already because has ignited the state AGs

 

[johnarb]

https://twitter.com/x/status/1669475269244235776

This is the best part of this Blackrock filing. I'm hoping there will be another Bitcoin fork season (similar in 2017) and my guess (and will pray) that ESG-focused Blackrock will choose the Bitcoin PoS fork

 

[RedDuke]

Essentially what ever it takes, sad very sad. These forks are garbage. It is either an asset or not. Gold has no forks.

 

[The_Krakenite]

The future of BTC seems to be moving from a commodity into a security

Pretty much what I said would happen ages ago. BRC-20 is the latest proof of where this is heading. Now the blockchain is getting clogged with shit of the shittiest NFTs, and bitcoiners will ohhh & ahh over this achievement. Which is still a generation behind of where Ethereum was with CryptoKitties many years ago.

It is however, good times ahead for the miners who survived the PoS apocalypse.

Bag-holders of Hive, Hut8, etc. may be able to find a good exit strategy now.

 

[Covertibility]

https://twitter.com/x/status/1669483727745851392

It only being created to generate fees.

 

[mervyn]

Only manager fee is important, obviously coinbase is protected, otherwise there will be no legit custodian in the us of a.