Join Bitcoin University Premium:<br /><a href="https://www.bitcoinuniversity.com" target="_blank" rel="nofollow">https://www.bitcoinuniversity.com</a><br /><br />In this video, I discuss BlackRock's new Bitcoin trust application, the odds of it getting approved by the SEC, and what it means for the Bitcoin ecosystem.<br /><br />Even though this product is packaged as a trust, it will have daily creation and redemption of units, which means that it should never trade at a significant premium or discount to Bitcoin itself-- unlike GBTC.<br /><br />This is the real deal, and it may be yet another catalyst for massive capital flows into Bitcoin.<br /><br />In the next bull market, don't be surprised to see Bitcoin outperform everything else. Liquidity and high market cap beget even more liquidity and a higher market cap, as we have seen with FAANG stocks for the past decade.<br /><br />Fortunately, the fact that Bitcoin is proof of work means that owning more coins will NOT give BlackRock additional power over the protocol. <br /><br />Not so for proof of stake protocols like Ethereum, which could easily become captured and controlled by a BlackRock ETF.<br /><br />Not investment advice! Consult a financial advisor. <br /><br />BlackRock used to hate Bitcoin:<br /><a href="https://www.cnbc.com/2017/10/13/blackrock-ceo-larry-fink-calls-bitcoin-an-index-of-money-laundering.html" target="_blank" rel="nofollow">https://www.cnbc.com/2017/10/13/blackrock-ceo-larry-fink-calls-bitcoin-an-index-of-money-laundering.html</a><br /><br />First they fight you, then they join you:<br /><a href="https://www.cnbc.com/2022/08/11/blackrock-launches-a-private-trust-to-give-clients-exposure-to-spot-bitcoin.html" target="_blank" rel="nofollow">https://www.cnbc.com/2022/08/11/blackrock-launches-a-private-trust-to-give-clients-exposure-to-spot-bitcoin.html</a><br /><br />BlackRock Bitcoin Trust:<br /><a href="https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm" target="_blank" rel="nofollow">https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm</a><br /><br />SPDR Gold Trust:<br /><a href="https://www.spdrgoldshares.com/media/GLD/file/GLD_Prospectus_10042022_as_filed.pdf" target="_blank" rel="nofollow">https://www.spdrgoldshares.com/media/GLD/file/GLD_Prospectus_10042022_as_filed.pdf</a><br /><br />BlackRock is an arm of the Fed:<br /><a href="https://www.wsj.com/articles/federal-reserve-taps-blackrock-to-purchase-bonds-for-the-government-11585085843" target="_blank" rel="nofollow">https://www.wsj.com/articles/federal-reserve-taps-blackrock-to-purchase-bonds-for-the-government-11585085843</a><br /><br />BlackRock:<br /><a href="https://en.wikipedia.org/wiki/BlackRock" target="_blank" rel="nofollow">https://en.wikipedia.org/wiki/BlackRock</a><br /><br />BlackRock will be using Coinbase Custody for the product:<br /><a href="https://www.theblock.co/post/235056/blackrock-takes-giant-leap-toward-spot-bitcoin-etf-with-sec-filing" target="_blank" rel="nofollow">https://www.theblock.co/post/235056/blackrock-takes-giant-leap-toward-spot-bitcoin-etf-with-sec-filing</a><br /><br />I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. <br /><br />#Bitcoin <br />#Blackrock <br />#etf <br /><br />Disclaimer <br />Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.<br />...<br /><a href="https://www.youtube.com/watch?v=UFCF2Fx0q0k" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=UFCF2Fx0q0k</a>