- Announcement (approved) > price up ✅
- Chop ✅
- Start to sell off ✅
- Sell off accelerates ✅
- People celebrate "sell the news" thought process ⌛️
- Media discusses some sort of failure/negative angle to the ETF approval uptake ⌛️
- Buy as much BTC as you can ⌛️
$COIN and BTC ETF update. Some alpha here.
Coinbase is the execution agent for many BTC ETFs. Sources tell me they are charging ~20bps execution fee. This fee and any slippage in price on execution will be passed along to ETF MMers.
This has several implications:
This is why no matter his account growth or however disconnected I become from Cobain I'll always give him a shout of appreciation for being a mentor to me.
Honestly and self reflection, introspection, thems winning traits.
still think you should be optimizing for taking as little trades as possible with your core port for swings, very hard to beat spot holds from bottom to top unless you are very skilled at the rotation game - and you can schizorotate with small part of your port anyway
So, @Eric_BIGfund is such a badass.
He has been early at helping UHNW individuals access bitcoin with institutional custody in a way that they can also directly withdraw bitcoin if they eventually want to.
ETFs in their early stages won’t be doing that.
https://t.co/eG8OLGqDtk
Yes @elonmusk and look at the NYPD officers standing watching all of it unfold or unravel…depending how you look at it.
The police stand there because their hands are so tied by all the BS defund the police Bolshevik attitude they have to deal with on a daily basis.
Never mind their very own mayor Adams is under federal investigation.
How far we have allowed ourselves to have fallen.