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BITCOIN Discussion..........

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raiders72001

raiders72001

Joined
Jan 28, 2023
Messages
193
It's no secret. It's 90% chance, possibly higher than 99% at this point.

Blackrock is 571-1 YTD
I know but it keeps getting passed by. The next window opens Jan 5. Blackrock and Bitwise filed updated applications a couple days ago. Blackrock received the first seed funding late October. There are a total of 13, not just Blackrock. I'd like to see all 13 approved at once. Fingers crossed.
 

raiders72001

raiders72001

Joined
Jan 28, 2023
Messages
193
Now, Grayscale is the entity that manages the GBTC, that's the Grayscale Bitcoin investment trust, one of the few in the world only available to private subscribers. It's a closed-end fund. They've wanted to convert it to an ETF, so they can get retail investors.

And they were the ones who filed the lawsuit and they won with respect to the SEC. They beat the SEC. But it's not clear if they're going to be among these first movers.

But as far as the date, we're looking at January 10-- January 5 to January 10. There are two different offices within the SEC that have to clear this, two different Congressional laws at work. You have the 1934 Securities and Exchange Act and you also have the 1933 Securities Act. And paperwork was just filed by BlackRock.

And that information you were talking about, the seed investor. Who's investing in this ETF that hasn't been launched yet? Well, a seed investor. This is how you start the process.

And so we, kind of, knew that already. It already leaked out. But this is confirmation and just another incremental step, more incremental knowledge that this is going to happen and happen soon early January.
 

JDS

JDS

Joined
Dec 11, 2021
Messages
42,256
Same here with Bitpay. They keep giving new dates so at this point I'll believe it when I see it. I have a Wirex card that doesn't work so I gave up on it and now use Crypto.com.
Been using cash app since they discontinued the Bitpay card. I sent money to my Blockchain wallet and those cocksuckers didn't have any option to send money to my bank had to eat the fees and send to Crypto.com myself.
 

raiders72001

raiders72001

Joined
Jan 28, 2023
Messages
193
Been using cash app since they discontinued the Bitpay card. I sent money to my Blockchain wallet and those cocksuckers didn't have any option to send money to my bank had to eat the fees and send to Crypto.com myself
Definitely need more ways without the fees. US is behind a lot of the world with bitcoin laws. Banks and others don't want to guess and get nailed later. Once there are some solid rules, more will jump in and we'll have more options.
 
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raiders72001

raiders72001

Joined
Jan 28, 2023
Messages
193
Last 7 days. Top 100 marketcap.

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