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Very bullish for BTC... like maybe one of the most bullish things that has happened recently. Bigger deal than a retail spot ETF.
It doesn't seem obviously better to a retail spot ETF to me, but it is a huge deal given how bloated BlackRock is.
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Having a clear runway for institutions to put BTC on their books is huge.
A spot ETF so big for 401ks/IRAs…for retail exposure.
We need both…
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