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I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice and I am in no way liable for any losses incurred.
Ignition sequence start 6 5 4 3 2 1 zero Lift off we have a lift [Music] Off hey everybody this is the digital Asset investor and I'm drinking some Bottled Water I uh have had a this this this day has Gone by really slow I'm behind let's get To this check this out about this the uh Bitcoin ETF crypto investors waiting With baited breath for approval of a Bitcoin ETF will it happen and perhaps Will it happen as soon as this week Kate Rooney that's the Question hey David yeah that is the Question of Bitcoin ETF it's now widely Expected to get the green light this Week two sources close to the process Now telling me it's looking like Wednesday which is also the deadline for Kathy Woods Arc and 21 shares bid that I'm told potential trading would happen Thursday or Friday but it has been a Moving Target here on dates the SEC is Expected to Pro approve rather a handful Of applications at once those sponsors Filing even more paperwork this morning Where we are starting to get a sense of This price War emerging there are 13 Applications out there with different Free fees some are starting at zero and Then r once the fund hits a certain size So Black Rock for example plans to start
At 2% and then go to 3% Fidelity at 39% Gray scale looking like the highest here 1.5% this one's worth watching guys it's Looking to convert an already publicly Traded Bitcoin trust gbtc into an ETF so Known as an uplist with 27 billion Roughly under management gbtc would Become one of the largest commodity Based ETFs if it is approved the fund Used to trade at a steep premium to Bitcoin but then you've seen it switch And it's been trading at a pretty steep Discount in the past year or so as much As 45% last year that has narrowed to About 5% so if that fund converts into An ETF the discount essentially Disappears overnight starts trading at The price of Bitcoin some are taking That as an Arbitrage trade an Opportunity there crypto prices have Shot up in anticipation of this approval Some are cautious though including Kathy Wood who's among those taking profits at Least when it comes to coinbase ahead of Any news here okay so they're saying Bitcoin ETF by Wednesday trading should Begin by Thursday or Friday is what They're saying here's Kathy Wood from uh Arc uh what's there company called Arc Whatever let's assume assume the SEC Approves your application what kind of Impact would a Bitcoin ETF have I mean We've all noticed this runup uh in Bitcoin ever since Black Rock announced
Their interest from 30,000 to over 4 ,000 all of this is anticipation of a a Spot Bitcoin ETF do you could this be a Sell on the news event what what what Happens from here let's assume this is Approved sure uh I think so many people Uh are expecting now a a sell on the News that we might not have a sell on The news because you know once you hear That enough that positioning is already Taking place so who knows it's a very Short term all we know is with our Five-year investment time Horizon Uh we think the flows into this new Asset class um especially institutional Flows but also retail flows retail has Led the charge of course uh that they're Going to be quite substantial and it Won't take much of an allocation by Institutions into Bitcoin to drive uh What is becoming a scarce asset uh much Higher now you recently uh reportedly Sold coinbase stock this is is usually Considered a proxy for Bitcoin so what Are your thoughts on on Bitcoin now what Kind of where what flush out your ideas A little bit for us so on well on Coinbase it was up 400% last year and we We as we do okay we'll stop there on That there's plenty to show you uh van Bought 72.5 million of Bitcoin to seed Their Bitcoin ETF then we have this this Is a great Reminder from Cowboy crypto who is the
Official Cowboy of the digital asset Investor Channel by the way doj confirms Today that this is what I think this Bitcoin etf's about folks I think that The the the I think the government is Consolidating their ownership because When you think about Black Rock black Rock is the Government all these companies think About it from Mount gaau all the the Then you got micro strategy which that's Always seemed a little weird to me You've got a very Consolidated amount of Bitcoin that's owned by a very small Group of people the same people same Government that's been carrying the Bitcoin ethereum narrative all these Years I believe that this is the Ultimate form of control he says doj Confirms they have 120,000 Bitcoin at at A basis of $71 million now worth $5.4 Billion remember when Katie hen was told To shut down Bitcoin and she while she Was at the doj K I like to start with You actually um you used to work at the Doj uh you were telling me backstage That at one point you you were you were Told to go uh shut down Bitcoin um now you're lecturing about Regulatory K I let start with you that's One of the shadiest women in crypto Right there she's work she's a Multi-millionaire from from government Employee to multi multi-millionaire with
With Mansions just happen to be close to Injuries and Hoods check this out xrp Ledger has Surpassed 5 million active accounts here It is from xrp Scan I would account for many of those Well not many but uh more than a handful Over time we had the if you remember we Had the um there's always been that There was that 20 xrp reserves so I Think a lot of us have ended up with a Lot of different wallets over time um Just because the way it was designed Standard Charter just put out a note Saying that we could see 50 to 100 Billion of spot Bitcoin ETF inflows in 2024 and bitcoin price of $200,000 by The end of 2025 this is a big Traditional Bank Folks the whole world is about to wake Up I do think it's going to be big this Morning was wild for Bitcoin ETF fers Check this out there I I can't get over How concerned all these Bitcoin people Are over fees they've never cared about Fees the fees associated with Bitcoin Are a joke compared to other digital Assets why have they never cared about Those fees but they sure are concerned About ETF fees here's all of the Different fees Associated um the lowest One I saw on here was .24 which would be The bitwise and then vanc was in second At 0.25 now I think I saw saw something
Somewhere that they were saying um Black Rock black rock wavered a point2 so Black Rock could come in at the Lowest we shall See and then we saw our old buddy Jay Clayton show up with CNBC this morning With Bitcoin are they going to is the SEC going to sign off on a Bitcoin ETF You think I think approval is inevitable And and imminently uh and I and I think It there's nothing left to decide I know And and I look I credit the SEC for Where they are what what has what where Are we we're comfortable with the Disclosure Joe just went through the Cost of investing in a Bitcoin EDF People need to know what the cost of Doing it is they need to know you know About the underlying Bitcoin Market is The Bitcoin underlying trading Market Something that is what I would say is Robust enough efficacious enough where You can rely on it it is much better Today than it was 5 years ago five years Ago there was wash sales there was Lading there was all sorts of things That you wouldn't want to make available To the general public um because of that Risk and the last thing and I think this Is missed is the technology to actually Provide the product the custody in um The create the redeem this is this is a Big step not just for Bitcoin but for Finance generally if you can digitize
Tokenize underlying assets and trade That way that's a potential significant Change across Finance not just in the You know crypto space but you you think Bitcoin ETF approval is coming and Imminent yeah I do and I could be wrong But that's what I Think your opinion matters former SEC Chairman well you didn't do crap to get A Bitcoin ETF done Yourself by the way Not forget that I don't like What's Happen and then when you abuse Dei then You set back the movement and we still Know where where we need to be S&P CEOs Board members and ter people of color That that represent we we've got miles To go but this like cast AAL the way That it was Administered I I don't even know what He's talking about then of course right In the midst of all this Gary cannot Stop himself he has to come out and try To throw shade and throw rain on the Parade because that's what he loves to Do so he came to warn everybody about U All the risks associated with crypto Assets as if we're all a bunch of Mind Numbed robots that don't know anything But Gary everybody needs Gary to explain To them that things are risky of course Right So here he is I'm not even going to Waste any time on his on his thread but I am going to tell you
This you know that Island guy the they Just did another drop and it includes Photos and other things things I can't Show you out here things I wouldn't show You out here I can't even say words and Also but anyway in dip.com we're going To talk about that stuff but let me tell You what else we're going to do one of The most common things that when I go to Conferences and stuff one of the most Common things I get is what are those Sounds that you're making when you're Doing your Channel Channel well you mean Like this Sound this right here is a sound and I'm Going to Reveal the curiosity killed the cat Right I'm going to tell you what this is This sound I'm making right here when we Go into da xrp.com Everybody else has to guess I'm the Digital asset investor I'm not an Investment advisor this is for Entertainment purposes only Please Subscribe hit the like button tell your Friends and family that if you're in the Group you get to find out what this is Right here all [Music] [Music] Right [Music]
