ETF Wif Hat

January 16, 2024

Blackrock followed a long line of firms who wished to gain approval for a Spot Bitcoin ETF in the US. The Winklevoss twins applied for a Spot Bitcoin ETF in 2013, and the SEC denied their application for over a decade. The most feared aspect of this ETF would be allowing plebes to purchase the ETF with fiat and elect to redeem the ETF in kind for Bitcoin. I predict the volume of ETF options trading to dominate global flows of Bitcoin options. Getting competitively priced fiat loans in large size will now be possible as long as you pledge Bitcoin ETF shares.

The source of this news is from BitMEX