Events that lead to the adoption of a spot Bitcoin ETF

[zasad@]

https://www.coinspeaker.com/bitwise-bitcoin-etf-ad-campaign/
"Jonathan Goldsmith’s recent promotion of Bitwise coincides with the asset manager’s pending Bitcoin ETF application with the United States Securities and Exchange Commission.

The broader crypto community has been eagerly awaiting the launch of a spot Bitcoin ETF and the SEC approval is very likely in early January 2024. A step further, the Bitwise Asset Management company has launched a new ad campaign in partnership with Jonathan Goldsmith.

Actor Jonathan Goldsmith, renowned for portraying “The Most Interesting Man in the World” in Dos Equis beer commercials, is reprising his iconic character to endorse Bitcoin exchange-traded funds (ETFs) offered by Bitwise Asset Management."

Video
https://twitter.com/BitwiseInvest/status/1736755061127020794?

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[safar1980]

Blackrock Reveals Plan to Seed Spot Bitcoin ETF With $10 Million on January 3
Blackrock has revealed a plan to seed its spot bitcoin exchange-traded fund (ETF) with $10 million on Jan. 3. The world’s largest asset manager has engaged in six recent meetings with the U.S. Securities and Exchange Commission (SEC) to address its filing. In response to the SEC’s concerns, the firm has opted for the cash creation model, departing from its initial preference for the in-kind model.

[zasad@]

Arthur Hayes wrote interesting thoughts:
https://cryptohayes.medium.com/expression-f580605ebccd
"As soon as the TradFi East Coast US baldies got their applications in, the Bitcoin ETF looked a lot more palatable to the US political establishment. Never fade the right kind of white boys in Pax Americana. I guess the Winklevoss twins should have shaved their heads and joined the New York Racquet Club.

Fundamentally, if ETFs managed by TradFi asset managers are too successful, they will completely destroy Bitcoin. This prediction is based on an important subtle yet profound difference between Bitcoin and every other monetary instrument humanity has ever used."

[FP91G]

After the official Twitter/X account for the Securities and Exchange Commission tweeted the long-awaited approval for spot Bitcoin ETFs, Chair Gary Gensler took to his personal account on the social media platform to announce that the agency’s had been hacked.
Financial markets have been awaiting news of the agency approving spot Bitcoin ETFs, which would give U.S. investors the ability to trade the popular cryptocurrency in the form of shares on major exchanges. While all signs pointed to an approval coming at the close of markets on Wednesday, a surprise post from the official SEC account seemed to announce the green light.
https://finance.yahoo.com/news/hacked-sec-twitter-account-falsely-213139971.html

[zasad@]

Good trolling from SEC
https://www.investor.gov/additional-resources/spotlight/directors-take/say-no-go-fomo
"At some point we’ve all felt FOMO. Whether it involves trying to get a reservation at the trendiest new restaurant or the hottest ticket on Broadway, everyone has experienced some kind of fear of missing out on something. While it may be hard to curb this feeling in most instances, one place you should consider using your strongest willpower is when you’re making decisions on investment opportunities. As you make investment decisions keep this phrase in mind, “NO GO to FOMO.”"

[zasad@]

https://twitter.com/AP_Abacus/status/1775527946343653779
"UPDATE: several notes from @MorganStanley execs this AM; salty about
@UBS  post yesterday. They want to be the first wirehouse to fully approve the #Bitcoin ETF's.


@MorganStanley
 may announce a few days before
@UBS - interesting that global banks are talking about $BTC ETF's as a race."