Post AdLku9uyODaHTcWfUO by NBS@noagendasocial.com
(DIR) More posts by NBS@noagendasocial.com
(DIR) Post #AdLku9uyODaHTcWfUO by NBS@noagendasocial.com
2023-12-30T23:09:10Z
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Jamie Dimon (JP Morgan CEO):Jan. 23, 2014: Bitcoin is a terrible store of valueNov. 5, 2015: Bitcoin will not surviveJan. 20, 2016: Bitcoin is going nowhereOct. 30, 2018: I don't really give a shit about BitcoinSept. 21, 2022: I am a major skeptic on crypto tokens like BitcoinDec. 6, 2023: I have always been deeply opposed to crypto, Bitcoin, etc. - if I were the government I'd close it downDec. 29, 2023: BlackRock name authorized participants including JP Morgan for Bitcoin ETF
(DIR) Post #AdLl2dwadZPwuxKO2K by NBS@noagendasocial.com
2023-12-30T23:10:45Z
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Original tweet: https://x.com/cryptonator1337/status/1741044438326001744?s=46I cut out some text to fit the limit, but just wanted to share this here. Hilarious to see the 360 move, and you can blame JPM… it will be a profitable business for them (giving their clients access to Bitcoin, and therefore making a market and trading it via their sales desk).
(DIR) Post #AdLlKPuZY4aoborKt6 by DrFell@freeatlantis.com
2023-12-30T23:13:58Z
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@NBS Nice tracking, you did good son👍
(DIR) Post #AdMMC64L8RCF3XK8fY by marcpugner@noagendasocial.com
2023-12-31T06:07:03Z
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@NBS He might not like it but it is just business for JPM.
(DIR) Post #AdNSLizGbLPxFQsvS4 by SacredIbis@noagendasocial.com
2023-12-31T18:50:44Z
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@NBS What is your view on cash creation/redemption versus in-kind: cause for concern or nothing to worry about?
(DIR) Post #AdNVDhjBhQMMt7EOvo by NBS@noagendasocial.com
2023-12-31T19:22:54Z
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@SacredIbis I would imagine that the majority of folks trading a spot ETF would be institutions who simple#y want to trade. So I don’t think in-kind redemptions will be significant, but even a small amount of these means will on-chain fees will continue to be high.As for cash redemptions, JPM and the other custodians will have to sure up their liquidity a bit. Could see some demand for overnight financing if BTC rips overnight at random in the future. Will be fun to watch