Happy Thursday, Blockfolians
The Lede
Yep, that’s right. Fidelity has become the 6th firm to offer up an application for a Bitcoin ETF. At this point, we sort of agree with this take:
In all seriousness though, there are good reasons to think that the SEC will finally allow a Bitcoin ETF soon:
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The new Chair Gary Gensler is more pro-crypto, having taught a course on Bitcoin and Blockchain at MIT
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Canada now has multiple approved ETFs
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The market has matured significantly since the last round of proposals
For now, I guess we just wait and see.
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Highly Relevant Reading
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Caitlin Long’s Avanti raises another $37m
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Binance adds two former FATF members to advisory team
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Chinese banks are now allowing people to apply for access to the digital yuan
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Dalio still chirping about the US government banning bitcoin
Community Commentary
There is an awful lot of long faces out there for an asset that has been over $50,000 for nearly three weeks
Tell us again that bitcoin doesn’t have any use case besides speculation?
A Really Big Number We Should Be Paying Attention To
$560,000
That’s the final price of an NFT auction in conjunction with the New York Times. Subscriptions what?
Final Thought
Good summary of today’s hearings around big tech
