We are disappointed in today’s update from the SEC declining approval of our physical bitcoin ETF. We believe that investors should be able to gain
#BTC
exposure through a regulated fund and that a non-futures ETF structure is the superior approach.
@tyler
@gaborgurbacs
2/ Neither have we badmouthed the concept of decentralized, opensource software. Bitcoin and blockchain technology are public goods. That’s why we’re donating 5% of our profits to Bitcoin core developers.
@bitcoinbrink
1/ We are not tourists to bitcoin. For 7 years—since 2017—we have been advocating for the approval of an ETF and educating the market through breakfast seminars in our midtown office, research papers, and more.
9/ We ETF sponsors also stand on the shoulders of giants. We didn’t laugh but listened when Tyler and Cameron explained Bitcoin in 2013.
@tyler
@cameron
8/ I would like to personally thank the crypto community for its warmth and creativity. From the whales to the youngest coders to anonymous posters, most have been genuine and sincere--and willing to educate me. Yes, there are scammers, too, but they are far outnumbered.
5/ When U.S. spending was out of control in the 1960’s, my father launched the first gold share fund in the U.S., even though gold had been pegged against the dollar for about 190 years. Investing in gold bullion was illegal at the time. Three years later, the peg broke.
10/ And other ETF sponsors like Fidelity, Grayscale, Valkyrie, and Bitwise have been contributors, not to mention regulators like Chris Giancarlo, Brian Brooks and Hester Pierce who moved the bureaucracy.
6/ We also know that investing in bitcoin is difficult due to its newness and volatility, among other risks. This is why we scream for investors to dollar cost average—start right away (small) but dollar cost average over time and HODL.
3/ Very few others have demonstrated this level of alignment with the builders. Instead, they’ve offered investors gimmicks only to trap them later with higher fees.
“Goud Van DNB”. I like the sound of that!
@vaneck_us
@gaborgurbacs
Central Bank Issues Stunning Warning: "If The Entire System Collapses, Gold Will Be Needed To Start Over" | Zero Hedge
We are disappointed in today’s update from the SEC declining approval of our physical bitcoin ETF. We believe that investors should be able to gain
#BTC
exposure through a regulated fund and that a non-futures ETF structure is the superior approach.
@tyler
@gaborgurbacs
My outlook for 2019 with China stimulus as focus. As for crypto, I think it will be a "year of singles"
@gaborgurbacs
-- thanks for your efforts towards a
#bitcoin
#etf
!
Gotta like the enthusiasm for LvM from an unlikely corner.
I bet no other asset manager has a Ludwig von Mises conference room near their main entrance!
John van Eck studied under vM at NYU in the 1960's which led him to start the US's first gold fund.
@vaneck_us
…
Recommended
#podcast
18 An instant classic on the
#bitcoin
price: “Stock to flow” theory. Hats off to
@stephanlivera
! (Note: this week’s podcast is a follow up.)
Recommended
#podcast
18 An instant classic on the
#bitcoin
price: “Stock to flow” theory. Hats off to
@stephanlivera
! (Note: this week’s podcast is a follow up.)
@gaborgurbacs
can you remember when we took
@elonmusk
‘s opinions into account when we made corporate decisions?
Me neither because we don’t.
Loving my 2013
#Tesla
but Tesla is not in the investment business.
Asset manager Van Eck says the
#Bitcoin
price implied by global M0 and M2 is between $1,300,000 and $4,800,000 if it replaces fiat currency reserves as the next global reserve asset.
CEO
@JanvanEck3
will be delivering the luncheon keynote address on the 2019 Outlook for Digital Assets and the Markets this Wednesday, 5/22, at
@CL_Forums
' Closed-End Funds & Global ETFs Forum
#CL_CEFETF
:
Don’t settle for conventional. Dare to be different. Thanks to
@Forbes
’ William Baldwin for his feature on
@JanvanEck3
, the firm, and the approach to product development that has persisted since the firm’s founding:
Help me! We already have a robust group of interns, about 30 for summer 2024. Now “the intern” wants an intern. What say you?
@vaneck_us
@matthew_sigel
#nasdaq
up over 4%?! Counter-trend moves are the biggest. So today's rally is not necessarily good for tech.
(every day is good for
#bitcoin
)
@gaborgurbacs
If you are a developing country would you rather issue $1 billion of bonds based on your renewable energy reserves or take out a $1 billion loan from the World Bank?
Coinbase is rocking the financial services industry. 🚀🚀🚀
Who should they buy? One bank, one broker... any more licenses needed to service their customer base?
Thanks to regulators for letting the public participate.
#Australia
approves crypto ETFs:
--licensed exchanges may determine that a crypto asset is permissible for an ETP
--factors: high level of institutional support, service providers, mature spot market, regulated futures market
got it, crypto friends?
weekly
#podcast
favorite 14: a week ago+
@jack
discusses $SQ 's onramp to
#bitcoin
which is intriguing. I love the obsession with speed (near the end). A reminder that you can't ignore crypto.
Don't let simple price charts fool you. Using multi-day average prices, $BTC hit an all time high this year.
Who doesn't remember the Thanksgiving conversations and inaccessible exchanges of late 2017?
@gaborgurbacs
There are several Bitcoin ETFs launching soon.
Which issuer has done the most for the community?
I did not include ARK, Franklin, Fidelity (can't fit 'em all).
Enjoyed this quick interview! Touched on a wide range of topics including bitcoin ETF demand, near-term prospects of ether ETFs, Solana, and stablecoins...
It’s interesting being in Europe—so much happening here but they’re very focused on the US.
.
@vaneck_us
CEO
@JanvanEck3
joined Markets Daily today!
He said since the launch of spot bitcoin ETFs in the US, only about a third of the appreciation has been during US hours.
"I think the bitcoin ETFs have been helpful, but I don't think they're the dominant narrative…
Want to scare people on a NY subway after a
@CastleIslandVC
event? Wear a tie.
Don’t tell the intern. The intern is still in the office
@vaneck_us
You can't join our interns for our 16 unit class this summer, but you can watch five great lectures now, starting with the classic on Hamilton!
Pick one.
CE credit for financial advisers
@FinanceMuseum
@HistoryInvestor
@MebFaber
Greetings from SF! Contrarians should be drooling. What’s worse? The rows of empty desks… or the completely dark floors?!
@vaneck_us
@DavidSacks
The US Debt-to-GDP ratio is set to soar to record levels in the near future, REGARDLESS of varying assumptions from the Congressional Budget Office. Insane!
I don’t understand the flood of money out of bond funds, causing unprecedented bond ETF discounts. Here are data points from another era worth considering:
@EricBalchunas
@Convertbond
@DaveNadig
In the prior 9 instances when HYD traded at a significant discount, from the maximum discount to normalized trading behavior, the market price return was positive each time, averaging 4%. Click for fund disclosures:
3) Most fortunately, the EO doesn’t ask the SEC to weigh in. SEC Chair Gensler has spent the past year intimidating crypto innovators and entrepreneurs with his unproductive regulation by public statement and enforcement action. His input is not critical.
Absolutely!
Supports the narrative that these store-of-value assets are related.
Don't get lost in all the short-term correlation math.
@matthew_sigel
@vaneck_us
so poetic that both gold and Bitcoin hit ATHs on the same day
8:32am: *SPOT GOLD CLIMBS TO RECORD
10:03am: *BITCOIN SURGES TO RECORD FOR FIRST TIME SINCE NOVEMBER 2021
The 90-day annualized volatility of crypto has recently hit its lowest mark in years 📉. Analysts are attributing this to the approval of spot Bitcoin ETFs earlier this month 📊💡. Below you see the volatility of different crypto sectors.
@MarketVector
@SASchoenfeld
#podcast
of the week
#4
Lots of meh podcasts out there. This was manic but many gems including
#bitcoin
putdown around min 48, ICO regulation discussion before that, and quip at the very end was lol.
@twobitidiot
@patrick_oshag
This was one of the best events last year. If you're in the LA area, try to check it out.
Rock star speakers to be announced soon.
We're happy to support research and education.
@vaneck_us
@matthew_sigel
We will soon be announcing our incredible lineup of speakers and partners in the coming days. Make sure to register and reserve your seat for our 2nd annual VanEck Southern California Blockchain Conference on March 20-21:
“I don’t want to be dramatic, but we should question the whole structure of the commercial banking system." 🫠
Don’t miss this wide-ranging discussion ft.
@JanvanEck3
@MikeIppolito_
on the latest
@OnTheMarginPod
.
Congratulations to the
@Samsung
and
@SamsungMobile
teams for including private key storage to the new S10. I am wondering what
@tim_cook
and the
@Apple
team has in store for us regarding private key storage.
@warrenpies
is someone I’ve been following more.
2023 outlook: equities retest 2022 lows, but energy prices keep a bid (not unusually for late cycle assets).
@NGurushina
@vaneck_us
Hope you are all enjoying the holidays 🙏
If you have a spare hour, take a look at this weeks edition of The Macro Trading Floor
My friend and future business partner (cliffhanger)
@WarrenPies
is our guest
Links below