Are spot #Bitcoin  ETFs a done deal?

The race is already on to compete for market share.

Eric Balchunas & James Seyffart of Bloomberg Intelligence join me to break down the ETFs, how they will compete with fee structures (and marketing), the redemption & creation process, in-kind vs cash redemptions, seeding the ETFs, the SEC’s moves, APs and more.

Inventing Bitcoin is one of my favorite books in the #Bitcoin  space and helped me (being very non-technical) understand mining in a way that was relatable.

Here's a generative visual piece that was the result of all my playing around with it this past weekend.

“The Four Monies” personifies four different monies with a fantastical theme, and tells a brief story about them.

"The Golden Monarch economically defeated all opposition and reigned supreme for thousands of years. Now ancient and wise, and having seen the entirety of history, he contemplates his diminishing role in the modern world and wonders if he could have done anything differently.

Lord Sam, usurper of gold, known merely as “the Uncle” to many, sits at the Cantillon Source and wields the mighty dollar. Liberating in his youth, now oppressive in his age. His monetary power reigns supreme but shows increasing signs of decadence, decay, and defiance.

The Dragon Emperor, commander of the Red Army, seeks to rebuild his nation’s lost power from ages past. He tasked his legion of wizards to create a portal that allows him to surveil and control all subjects in his dominion. If others must lose their freedom for his grand designs to be achieved, so be it.

Archmage Nakamoto creates a new monetary power that even he himself cannot control, in an attempt to liberate people as Lord Sam once did. Will it be successful or not? And how will people wield it? He knows not the answers to these questions, but forges the Genesis Block regardless."

I've got some longer notes about the process and full-size images and wallpapers here: