In this issue:
They say the first billion is the hardest
Behold the Zuckerverse
You still shouldn’t sell Sam Altman your eyeballs
They say the first billion is the toughest
On Tuesday the ProShares Bitcoin Futures ETF ($BITO) became the first publicly traded Bitcoin ETF in the US. We talked that morning about how the market was clearly anticipating a surge of new demand for Bitcoin being unlocked — and the market was correct. There was enough buying in the first 48 hours to make BITO the fastest ETF to reach $1B in assets under management, beating out an 18 year old record held by (appropriately enough) $GLD which took a leisurely three days to reach their first billion. They say the first billion is the toughest.
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