This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $1200 worth. I really encourage you to check them out.Hints of an impending Bitcoin Futures ETF launch are piling in. Although we have yet to receive an official timeline on an arrival, we are starting to see glaring evidence that it could happen as soon as next week. The first hint was a tweet from the official SEC Investor Education account on Twitter:“Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits. Check out our Investor Bulletin to learn more: https://go.usa.gov/x68xT”In my opinion, this is the SEC priming us for the imminent arrival of the product, much like the safety warning for a roller coaster while you are buckling up for the ride. The linked article details the “potential risks” of an investment vehicle that does not officially exist... yet.The second set of hints came from updates on existing ETF proposals. Valkyrie and ARK are two of the top firms battling for acceptance. Both updated their respective prospectuses with ticker symbols - ARKA and BTF. The original filings were updated, which is usually indicative of an imminent launch in traditional finance. Both the ticker assignments and the updated prospectus forms are telltale signs of approvals. As you likely know, I was an early investor in Valkyrie.The final sign of a likely ETF launch? Bloomberg released an article claiming, “the SEC is poised to allow the first U.S. Bitcoin futures ETF to begin starting next week.” This piece sent Bitcoin price flying. Sources familiar with the matter have revealed the news to Bloomberg and have decided to remain anonymous. It does not get much clearer than this.It is difficult to predict how the launch of a Bitcoin Futures ETF will affect the price of the underlying asset. Either way, this will be a massive step towards mainstream and institutional acceptance of crypto.No matter what happens with price, we've made it.In This Issue:Drum Roll, Please!Bitcoin Thoughts And AnalysisAltcoinsWhat Would A Bitcoin ETF Do To GBTC?Don't Be This GuyCrypto Is Saving Lives In AfghanistanUnited Wholesale Mortgage Will Not Accept CryptoMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #351 - Drum Roll, Please!
The Wolf Den #351 - Drum Roll, Please!
The Wolf Den #351 - Drum Roll, Please!
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $1200 worth. I really encourage you to check them out.Hints of an impending Bitcoin Futures ETF launch are piling in. Although we have yet to receive an official timeline on an arrival, we are starting to see glaring evidence that it could happen as soon as next week. The first hint was a tweet from the official SEC Investor Education account on Twitter:“Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits. Check out our Investor Bulletin to learn more: https://go.usa.gov/x68xT”In my opinion, this is the SEC priming us for the imminent arrival of the product, much like the safety warning for a roller coaster while you are buckling up for the ride. The linked article details the “potential risks” of an investment vehicle that does not officially exist... yet.The second set of hints came from updates on existing ETF proposals. Valkyrie and ARK are two of the top firms battling for acceptance. Both updated their respective prospectuses with ticker symbols - ARKA and BTF. The original filings were updated, which is usually indicative of an imminent launch in traditional finance. Both the ticker assignments and the updated prospectus forms are telltale signs of approvals. As you likely know, I was an early investor in Valkyrie.The final sign of a likely ETF launch? Bloomberg released an article claiming, “the SEC is poised to allow the first U.S. Bitcoin futures ETF to begin starting next week.” This piece sent Bitcoin price flying. Sources familiar with the matter have revealed the news to Bloomberg and have decided to remain anonymous. It does not get much clearer than this.It is difficult to predict how the launch of a Bitcoin Futures ETF will affect the price of the underlying asset. Either way, this will be a massive step towards mainstream and institutional acceptance of crypto.No matter what happens with price, we've made it.In This Issue:Drum Roll, Please!Bitcoin Thoughts And AnalysisAltcoinsWhat Would A Bitcoin ETF Do To GBTC?Don't Be This GuyCrypto Is Saving Lives In AfghanistanUnited Wholesale Mortgage Will Not Accept CryptoMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO