We got big big big news not only in the world of crypto, but specifically Bitcoin and more specifically the Spot Bitcoin ETF Just so you know, at the point that I'm filming this bitcoin's looking good. Not only did it have its breakout fake out which led to a real breakout, then we had some volatility when there was that weird report from Matrix Port of like it's not going to get approved but then people realized that it was BS so it saved itself at the trend line and now we're looking strong at 45,000 looking for the really what I'm looking for in the short term and I'm not really an active Trader of Bitcoin. But what I'm looking for is that test of the $48 to $50,000 level 48,000 key technical level 50,000 a key psychological level. So that's what I want to see.

but overall, we're seeing higher highs, higher lows. The Bulls are very evidently in control at this moment in time. As of now, Crypto as a whole is worth 1.66 trillion and Bitcoin itself is worth 882 billion on its way to once again reclaiming a trillion market cap. Very excited.

So you might be thinking what's the big news? What's the big hubbub? You've probably heard about The Spot Bitcoin ETF And yes, people are rightfully excited for that because upon approval, then when you get regulatory Clarity and then from there that allows more money to go into the particular asset class and we know that Supply is going to say the same. it's never going to go above 21 million. So when demand increases and price is or excuse me, Supply is Capp price has to go up. So this is setting up a very interesting situation of who's going to be the leader, who within Wall Street is going to be leading the Bitcoin ETF who going to get the most money and also what are the implications going to be for the Aps, the authorized participants such as JP Morgan Goldman Sachs but then also the custodian coinbase.

and this is something that I don't really see many people talking about, but the way we're seeing the ETF pricing boards play out, there could be at least in the short term, some adverse, some negative, some bearish impacts on coinbase. So I just want to share this with all of you. Uh, so just hear me out for a second. So early this morning to kick off the week and remember, we are supposed to hear from the SEC Gary gender about what is going on.

Is it approved? Is it denied by January 10th this? Wednesday So that's exciting because we only have a couple days so that actually plays out and then this: Friday We're going to hear from Black Rock with their earnings so that's going to be two days after and I'm assuming by then they'll be have a lot of commentary on the approval Andor potential denial before we keep going I Just want to let you know that I think there's a very, very high chance that a swath of these spot Bitcoin ETFs are all approved at once I think there's a very very high chance of that. But anyway, here is the latest news. The fee for black rocks Bitcoin ETF will be. 3% as per their just filed S1 This is much cheaper than predicted.

Life just got a lot tougher for everyone else. The ETF pterodon is no joke and they are throwing it down like it is a serious pterodon so that came out Everyone's like okay, where's Black Rock coming in, are they going to be expensive? Are they going to be cheap? This is definitely on the cheap side, but the story did not end there. I spoke too soon re low water mark Arc and 21 Shares are going to .25 and no fee for the first 6 months or until $1 billion in assets. So this is just the actual S1 filing from both Arc and 21.

So basically Black Rock came in and said hey, we're going to be cheap and then these companies saw and they're like no, no, no, no, we're going to be even cheaper. Everyone is just vying for that number one spot of why you should put your money with them and not elsewhere. And obviously one way you could do that is entice potential investors by giving them the cheapest fees. So no fees for the first 6 months or until $1 billion in assets and after that it only goes up to 0.25 But no, no no, did not stop there.

Van E is in at 0.25 in one hot minute Fidelity 39 which when we were all concluding last weeks of trading that was is the best one. But now all of a sudden it's all gone upside down in one hot minute. Fidelity's 39 went from Wow cheapest in the group to Mid. Although Fidelity has a distribution capability that many others don't, it's just a lot of people keep their money on Fidelity So 39 Now it was one of the cheapest to now it's mid-tier Uh, and actually as of this morning, Grays scale is actually the highest I believe at 1.5% but it didn't even stop there.

This all played out this morning just in bitwise. Bitcoin ETF filing new at the lows of2 4 they saw people coming in at 0. 25 so they're like we'll come in at 0.24 and then wave all fees for the first 6 months. So not only is it a cheapest, but it's doing the first free 6 months and it's not even doing the1 billion doll cuto off.

So the other ones probably are going to get a billion dollars before the 6 months so it'll jump up first. So as of now and this could change very, very rapidly, Bitwise is making the cheapest appeal to potential investors of saying hey, you're not going to really have to pay much at all and it's just this. Literally all played out this morning. It costs less to hold a Bitcoin ETF for a year than a single trade on Coinbase And this is exactly what I'm talking about that I Don't see many people talking about but how these pricing Wars are playing out of how in the short term there could actually be adverse impacts on Coinbase, who is obviously the most popular Us crypto exchange and also is going to be the custodian for almost all of the sponsors issuers of the spot Bitcoin ETF But anyway, when we're talking about price and the easiest, most reasonable way to get yourself some Bitcoin It costs less to hold a Bitcoin ETF for a year than a single trade on Coinbase 40 to 60 bips versus 25 bips for a retail siiz Trader The ETF pterodon has arrived and then Eric who is a well-respected ETF expert from Bloomberg will be interesting to see if crypto exchanges respond with their own fee Cuts before it's too late.

So right now, the way this all rapidly played out this morning, things got very very cheap and I don't know about you guys, but I'm very interested to see what Coinbase decides to do with their fees to entice people to keep trading on their platform, so that'll be interesting. But one important caveat, just before we wrap this all up, please understand that if you own Bitcoin via an ETF you don't actually own Bitcoin not your keys, not your coin. For example, these spot gold ETFs you own the ETF but it's a deposit receipt and then that the company, the issuer. They go out and they buy it so it's backed appropriately.

but you're not actually the owner of the gold. you're the owner of the ETF and that will be true also in the Bitcoin case. So for me, I'm not buying the ETF I'm if I want Bitcoin I'm just going to go buy Bitcoin but that's because I have my own wallets I'm familiar enough with the tech ecosystem to make it easy and safe. but I Just want to let everyone know that if you own the ETF you're the owner of an ETF which happens to own Bitcoin So there's there's a layer in between you and it is an important Concept in the world of crypto of not your keys, not your coin.

So I just want to share that with all of you that they're not exactly the same thing owning your own Bitcoin when you have access to it is a bit different than owning an ETF that owns the Bitcoin so just want to share that with all of you. But as of now, this week is obviously starting to look like it's going to be in an immensely volatile, exciting, hopefully bullish week in the world of crypto. More specifically Bitcoin and I'm sure in the near future we're going to have even more or breaking news hopefully. fingers crossed on the approval of a spot.

Bitcoin ETF.