Finally, Those waiting on the outside, have a reason to look at what it is we are building and feel safe and assured to come and join us, participate and become a part of our beloved community.

One shoutout has to go to @coinbase as a crypto native company that has understood the traditional finance industry's goals and has helped them across the line reaping the profits with their custody business.

Considering the concept of exposure - we have to appreciate that in terms of ways to enter the space, this is the most significant development since the first fiat to crypto exchanges which have been around for a decade already. The jump from Coinbase to JPMorgan is innovation.

These high-end financial institutions each with their own ETF they want to sell to investors compete right now with the lowest fees offered at 0.24%. Typically U.S. ETF products fees are ~ 0.54%. With competition comes marketing. BlackRock has even waived fees. *T&C

In terms of institutional attention the largest players of high finance are involved including @BlackRock , @jpmorgan and most recently @GoldmanSachs applying to be an authorized participant, also wanting to earn revenue from keeping the market in balance.

Recent developments have made it quite clear that the chances of ETF approval in the world's most significant financial market have greatly improved over the last few weeks during the holiday season. The Bloomberg ETF team has adjusted their probability of failure as low as 5%.

An exchange-traded fund (ETF) is a basket of securities that tracks an underlying index. The #Bitcoin ETF will take the crypto industry to the next level. $BTC will be globally recognised as a valid asset class and this is a big reason we are excited about 2024.