They pre seeded a ton and sold back to demand

Great for stackers

demand counteracted by grayscale selling

I think a healthier perspective is the ETFs are a path for a different pool of capital to access BTC when there is a catalyst like the halving. Expecting it to flood in day 1 is unrealistic

GM Nostr! 🌞

A year ago today I made the call to shut down my startup. I had raised 800k, and I had a team of 5 people at the time. While it was a gut-wrenching decision, it wasn't a hard one. I had super supportive investors and a great team but the follow on funding just wasn't there for what we were building.

What's funny, is that when I look back on that period (and the hundreds of investor meetings I took in the months running up to that decision), I don't feel sad or angry, I feel happy and calm.

My company failing was what led me to Nostr. I had the time and the space to dig in and really understand the nascent protocol, which made the decision of going all in so early a no-brainer for me.

So today, on the anniversary of the death of my last company. I'm feeling very grateful. Grateful for the opportunity it gave me to find this protocol and this community. 🫂

LFG and build the future! 🚀

It’s all so confusing….

“The dollars behind today’s spot ETF volume haven’t even hit the fund portfolio managers’ desks yet.

Most create orders behind today’s flows will get cash settled tomorrow morning T+1 … i.e. the capital behind today’s wave hasn’t even started lifting offers in the UTXO market.”

It has come to my attention that there are some #Bitcoiners that don’t think #Bitcoin can reach $1,000,000 in a matter of days/weeks after ETF money starts to flow in. They’re in for a pleasant surprise.

What, no 50k yet?

In a few years, the only way to legally own #Bitcoin  in the U.S. will be through a #Bitcoin  ETF, controlled by the state. The first milestone has just been reached. Enjoy

FAST FACT: $2.1 Billion is the record single day fund flow for an ETF.

What's your guess for today's #Bitcoin  ETF launch?

There are no coincidences #Bitcoin

#m=image%2Fjpeg&dim=834x458&blurhash=i2S%24ov004n.8%3Fb-Vn3xab%5E-q4U4TQ-rr-qx%5DW%3DWAx%5D%3FIVsDiIAogo%7DW%3DM%7BwInhyDyENwIAR4xGx%5D%3F%5Et%2Ct7oeWBS%23gNt7xF&x=657154cd094cf141099666947429c8b999c02701de59e9f7823208aae0bbfdff

Now on to the next news cycle, the rollercoaster continues. Make yourself some tea and get ready for the next chapter 😅

Stack sats and shitpost?