McFinance Newsletter

 Hello McFinancers! The latest in financial news: A review of the spot Bitcoin ETFs that were approved about two weeks ago, notes from the World Economic Forum, and Japan’s moon landing. Bitcoin ETF Lackluster Start This concludes the first full week of trading available to investors with the spot Bitcoin ETF. And the results are in, the ETF approval did not shoot the price of Bitcoin to the moon as some investors had hoped. Rather, it has had the opposite effect and decreased in price since the ETFs were approved. The ETFs have seen millions (even billions) of dollars roll into the ETFs as new investors buy the ETFs. The most popular ETF with the largest in-flow of money is Blackrock’s ETF (NYSE: IBIT). IBIT crossed over a billion dollars of assets under management with their ETF. While there were massive flows of money into the ETFs, the price of Bitcoin still decreased. Some of the macroeconomic factors that could impact this are that the price of Bitcoin had already incorporate...

 Hello McFinancers! We wanted to send an important announcement today outside of weekly market emails. The spot Bitcoin ETF was approved by the SEC yesterday. Bitcoin ETF Approved After all the crazy drama these past few months (hacked X/Twitter accounts posting fake approval news or the numerous cases involving the SEC and some crypto firms), it felt like it would never happen. The SEC has finally approved a spot ETF for Bitcoin! The SEC has approved ETFs for trading as early as Thursday (11 January 2023). The ETFs that were approved are: Grayscale Bitcoin Trust - GBTC - 1.5% expense fees Hashdex Bitcoin Futures ETF - DEFI - 0.94% expense fees Valkyrie Bitcoin Fund - BRRR - 0% for three months then 0.49% expense fees Wisdom Tree Bitcoin Trust - BTCW - 0% for six months then 0.3% expense fees Franklin Bitcoin ETF - EZBC - 0.29% expense fees iShares/Blackrock Bitcoin Trust - IBIT - 0.12% for 12 months then 0.25% expense fees VanEck Bitcoin Trust - HODL - 0.25% expense fees Fidelity ...

 Hello McFinancers! We hope everyone had a wonderful Christmas and New Year. As with every new year, people create goals they want to achieve during the year. A simple and beneficial goal is to read the McFinance Newsletter once a week to learn about current events. The latest in financial news: The Bitcoin ETF is one step closer to getting approved, the Bank of Spain looks to create its own CBDC, new shipping lanes may be more beneficial with trouble in the Red Sea, and recent bills in Oklahoma and Missouri look to eliminate state capital gains taxes on gold and silver. Bitcoin ETF Over this past week, the institutions interested in creating a spot Bitcoin ETF have until 08 January 2024 to file their Form S-1 to the SEC. The S-1 form is a request to the SEC to offer initial public offerings (IPOs) for a new security. This is usually the last step before an ETF is approved. With so much news focused on the spot Bitcoin ETF, there has been interest in the Ethereum ETF as well. With ...