ETF In the end; it was an embarrassment. First of all, the SEC Twitter account announced on Wednesday that the ETF had been approved. Some 15 minutes later, the Chairman of the SEC popped up to claim that the account had been hacked and no such thing was true. A further 15 minutes after that

2023 Last one for this year. Thank you for your emails and support throughout the year. Increasingly it is noticeable that people understand bitcoin and decentralised protocols and what they are trying to achieve. MoneyBits will return on the 12th January … unless something happens in the meantime. If you are short of something to

The price of the ETF And so. We start to see the price of having a bitcoin ETF. Brisbane-based Wallet of Satoshi (WoS) has removed itself from the US App Store. WoS is probably the most successful Australian firm in the entire space with users all over the world. They have done a terrific job

Yellen dances on CZ’s grave The big guns were rolled out in the US late on Tuesday after Binance CEO Changpeng Zhao (CZ) pleaded guilty to charges of money laundering in the US. On the left, US Attorney General Merrick Garland; the most senior lawyer in the country. Next, Treasury Secretary Janet Yellen; the most

A big day Today is the last possible day that the SEC could approve all current Bitcoin ETF applications simultaneously. It arises by virtue of the way the various deadlines roll out, with Hashdex and Franklin hitting their first deadlines (I’ve never heard of them either). This would have the advantage of creating a level

In a different universe On the left, the branding of one of the largest fund managers in the world. On the right. Fidelity Digital Assets, launched 2018. If you have a hugely valuable brand you do everything to protect it and you can see the subtle strategy here. It looks like Fidelity on the right,

Bond Vigilante The Chris Joye fan club were out in force again this week after he “brilliantly showed” how it’s an everyday occurrence to get 5-6% on your cash. I brilliantly googled it and the first thing that came up was 5.6%. The fan club appeared to be suggesting why take the risk of being

Statistics I would probably doubt Josiah (1880 – 1941; former Bank of England Director) were it not for my own experience with statistics. On taking a new job in finance some years ago in the UK, I was presented with a form for signature. It was from the ONS, Britain’s Office of National Statistics. “What’s

Shhhh If the stock market falls 3% in a day. It’s news. If it falls 10% in a day, it goes into the archives and if it ever fell by 50% we would be talking about it for the next 100 years. I do not have an answer to Meb’s question other than to say

Milkshake You knew the US dollar was doing well; I bet you didn’t know it was this impressive. Every single currency in the world is down in the last decade against the USD. One theory explaining this is the dollar milkshake. The video is four years old but it got a lot right. With US