On Wednesday, January 10th, a historical move was made when the United States Securities and Exchange Commission (SEC) officially approved the listing of the first-ever spot Bitcoin Exchange-Traded Funds (ETFs).
Today, the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares.
While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.
said SEC Chair Gary Gensler in a statement
According to Investopedia:
- An exchange-traded fund (ETF) is a basket of securities that trades on an exchange just like a stock does.
- ETF share prices fluctuate all day as the ETF is bought and sold; this is different from mutual funds, which only trade once a day after the market closes.
- ETFs can contain all types of investments, including stocks, commodities, or bonds; some offer U.S.-only holdings, while others are international.
- ETFs offer low expense ratios and fewer broker commissions than buying the stocks individually.
Bitcoin Magazine relished in the news, writing:
The introduction of spot Bitcoin ETFs in the United States is expected to unlock unprecedented opportunities for both institutional and retail investors, offering a more accessible and regulated avenue for participating in the burgeoning Bitcoin market.
Industry analysts predict that the approval of these ETFs will catalyze a surge in institutional capital inflow into Bitcoin, potentially fueling BTC’s value to new all time highs and solidifying its position as a legitimate asset class.
The SEC’s decision signifies a significant shift in regulatory stance towards embracing Bitcoin, signaling increased acceptance and recognition of it within the traditional financial realm. This approval is expected to pave the way for future developments in bitcoin-related investment products, potentially opening doors for a more diversified range of BTC-based financial instruments for investors.
As the SEC finalizes preparations for the listing of the first spot Bitcoin ETFs, market participants are on the edge of their seats, awaiting a new era in the investment landscape shaped by the integration of bitcoin into mainstream portfolios.
However, its launch has had encountered issues, with reports that investment management firm Vanguard was restricting customers from buying the Bitcoin ETFs via their platform.
Nevertheless, this morning Larry Fink, CEO of asset manager juggernaut Blackrock, which manages roughly $10 trillion in assets alone, praised the move and drew comparisons to owning gold, during an episode of CNBC’s Squawk Box.
I believe it goes up if the world is frightened, if the people have fearful geopolitical risks, they’re fearful of their own risks. It’s no different than what gold represented over thousands of years. It is an asset class that protects you.
Unlike gold where we manufacture new gold, we’re almost at the ceiling of the amount of Bitcoin that can be created. What we’re trying to do is offer an instrument that can store wealth.
He went on to say that this a bigger step to tokenization of assets, the future of commerce and transactions. SEE: Citibank Says $5 Trillion Of CBDCs Will Be In Circulation ‘By The End Of This Decade.’ Says Mass Adoption Of Cryptos Will Come Because Of CBDCs
Let me be clear: ETFs are step one in the technological revolution in the financial markets. Step two is going to be the tokenization of every financial asset. To me, this is where we believe it’s going. […] These are technological changes that can allow us to move forward.
[…] As I said, these are just stepping stones towards tokenization. And I really do believe that this is where we’re going to be going. We have the technology to tokenize today.
Think about this: if you had a tokenized security, and you have a tokenized identity, you Andrew [Ross Sorkin], the moment you buy or sell an instrument on a general ledger that is all created together – you want to talk about issues about money laundering and all that; this eliminates all corruption by having a tokenized system.
Fink explained
In September of last year, Citibank announced a shock move to tokenize customer’s assets. SEE: Citi Bank Announces Deposits Will Be Converted To Digital Tokens To Better Use Instant Transfer Payment System FedNow
At the time, as explained in a video report from Lena Petrova, CPA, citing other reports, Citi tested their new system with other world banks and the Federal Reserve, and found now there were no issues in converting the physical deposits into a digital dollar that then can be instantly transferred. This action indicates that the prospect of a CBDC is much father along than the Federal Reserve had led the public to believe.
Moreover, it was not that long after that JP Morgan-Chase announced a partnership with Fink’s Blackrock to launch a blockchain-based tokenized collateral network, similar to what Citibank had done.
AUTHOR COMMENTARY
When a Mr. Monopoly character like Fink tells you that “this eliminates all corruption by having a tokenized system,” know that the dead opposite is true! Don’t kid me with that cute ruse; as the old saying goes: you don’t hold it, you don’t on it.
I was always and still am skeptically about bitcoin and crypto, and I am even more pessimistic now, especially when he is making a direct comparison to gold and telling me this is a stepping stone for tokenization.
[14] It is naught, it is naught, saith the buyer: but when he is gone his way, then he boasteth. [15] There is gold, and a multitude of rubies: but the lips of knowledge are a precious jewel.
Proverbs 20:14-15
The “crypto bros” for years have been telling us that cryptocurrency is a way to circumvent the central bank death grip, claiming that these decentralized currencies were ways to transact without the banksters and handlers having their thumb on our money, as a way to achieve financial freedom and prosperity. And yet now, Larry Fink is making clear in no uncertain terms that these cryptos and now these crypto ETFs are a trailblazer for even greater enslavement, in the form of CBDCs, tokenization, etc. It was a screw job from day one.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
naturally like your website but you have to check the spelling on several of your posts. A number of them are rife with spelling issues and I in finding it very troublesome to inform the reality then again I will surely come again again.
Thanks, I’ve recently been searching for information approximately this subject for a while and yours is the greatest I’ve came upon so far. However, what concerning the bottom line? Are you certain in regards to the source?
You have brought up a very fantastic details, thanks for the post.
Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.
Excellent read, I just passed this onto a friend who was doing a little research on that. And he just bought me lunch as I found it for him smile Thus let me rephrase that: Thank you for lunch! “Without friends no one would choose to live, though he had all other goods.” by Aristotle.
With the whole thing that seems to be building within this particular subject matter, all your opinions are generally quite stimulating. Nonetheless, I beg your pardon, because I do not give credence to your entire suggestion, all be it exhilarating none the less. It appears to me that your comments are generally not entirely rationalized and in simple fact you are generally your self not really entirely confident of your assertion. In any event I did enjoy reading through it.
I am not real excellent with English but I get hold this very easygoing to read .
Very good written post. It will be useful to anyone who employess it, including myself. Keep up the good work – looking forward to more posts.
Very nice article and right to the point. I don’t know if this is actually the best place to ask but do you folks have any thoughts on where to get some professional writers? Thanks 🙂
When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!
F*ckin’ amazing things here. I am very happy to look your post. Thanks a lot and i am looking ahead to contact you. Will you kindly drop me a e-mail?
I haven’t checked in here for some time because I thought it was getting boring, but the last several posts are great quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂
Absolutely indited written content, Really enjoyed reading.
Have you ever considered about including a little bit more than just your articles? I mean, what you say is fundamental and everything. Nevertheless think of if you added some great photos or videos to give your posts more, “pop”! Your content is excellent but with images and video clips, this blog could certainly be one of the greatest in its field. Amazing blog!
Hello there! This is kind of off topic but I need some guidance from an established blog. Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about creating my own but I’m not sure where to begin. Do you have any points or suggestions? Appreciate it
I really appreciate this post. I?¦ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thx again
I have to express my thanks to you just for rescuing me from this instance. Because of searching throughout the internet and meeting tips which were not pleasant, I figured my entire life was well over. Living without the presence of approaches to the problems you’ve sorted out by means of your good review is a critical case, as well as those that might have adversely damaged my career if I had not come across your website. Your own personal natural talent and kindness in controlling every aspect was vital. I’m not sure what I would’ve done if I had not encountered such a subject like this. I’m able to at this time look ahead to my future. Thanks a lot very much for the specialized and results-oriented guide. I will not be reluctant to endorse your site to any individual who needs to have tips on this problem.
This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!
I’ve been absent for a while, but now I remember why I used to love this web site. Thank you, I will try and check back more frequently. How frequently you update your web site?
What i do not understood is actually how you’re not actually much more well-liked than you might be right now. You’re very intelligent. You realize thus significantly relating to this subject, made me personally consider it from numerous varied angles. Its like men and women aren’t fascinated unless it’s one thing to accomplish with Lady gaga! Your own stuffs nice. Always maintain it up!
It is truly a nice and helpful piece of info. I am satisfied that you shared this useful information with us. Please stay us up to date like this. Thanks for sharing.
Howdy! This post could not be written any better! Reading this post reminds me of my previous room mate! He always kept talking about this. I will forward this post to him. Fairly certain he will have a good read. Thanks for sharing!
At FlashmanFix, we pride ourselves on delivering the best phone repair in Singapore, combining high service standards with fast turnaround times. From screen replacements and battery changes to motherboard repairs, our expert technicians ensure every repair meets strict quality checks. We use only quality-tested parts, offer a 3-month warranty, and provide clear, upfront pricing so you can trust us with your device. Whether you own an iPhone, Samsung, Huawei, or Xiaomi, we are committed to giving you reliable, efficient, and affordable mobile repair services across all our outlets islandwide.
Wow that was odd. I just wrote an incredibly long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say great blog!
You should take part in a contest for one of the best blogs on the web. I will recommend this site!
Hello! This is kind of off topic but I need some help from an established blog. Is it difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to begin. Do you have any tips or suggestions? Thank you
I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…
I have been reading out a few of your articles and it’s pretty nice stuff. I will make sure to bookmark your site.
I have recently started a website, the information you provide on this web site has helped me greatly. Thanks for all of your time & work.
It?¦s actually a nice and useful piece of info. I?¦m glad that you shared this useful information with us. Please stay us up to date like this. Thank you for sharing.
Only wanna remark on few general things, The website layout is perfect, the subject matter is very good : D.
I always was interested in this subject and stock still am, thanks for putting up.
Just wanna input that you have a very nice website , I enjoy the pattern it actually stands out.
There is clearly a bunch to realize about this. I believe you made certain nice points in features also.
You are my inspiration , I own few blogs and often run out from to post .
Nice post. I was checking constantly this blog and I am impressed! Very useful info specially the last part 🙂 I care for such information a lot. I was seeking this particular info for a long time. Thank you and best of luck.
Hi my friend! I want to say that this post is amazing, nice written and include almost all vital infos. I?¦d like to look extra posts like this .
Its wonderful as your other blog posts : D, thanks for posting. “The art of love … is largely the art of persistence.” by Albert Ellis.
I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!
I love it when people come together and share opinions, great blog, keep it up.
There are definitely a number of details like that to take into consideration. That may be a great point to bring up. I provide the thoughts above as common inspiration however clearly there are questions just like the one you carry up where crucial factor can be working in trustworthy good faith. I don?t know if finest practices have emerged round things like that, however I am certain that your job is clearly identified as a good game. Each boys and girls feel the impact of just a second’s pleasure, for the remainder of their lives.
I don’t even know how I ended up here, but I thought this post was great. I don’t know who you are but definitely you are going to a famous blogger if you aren’t already 😉 Cheers!
I really appreciate this post. I’ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again!
Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.
This design is incredible! You definitely know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job. I really loved what you had to say, and more than that, how you presented it. Too cool!
Thanks, I have just been looking for information about this subject for ages and yours is the greatest I’ve found out so far. But, what about the conclusion? Are you certain concerning the supply?
Hey! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when browsing from my iphone. I’m trying to find a template or plugin that might be able to resolve this issue. If you have any suggestions, please share. Cheers!
Merely wanna remark that you have a very decent internet site, I love the design it really stands out.
Appreciate it for helping out, good info. “I have witnessed the softening of the hardest of hearts by a simple smile.” by Goldie Hawn.
Do you have a spam problem on this website; I also am a blogger, and I was curious about your situation; many of us have developed some nice practices and we are looking to trade methods with others, please shoot me an email if interested.