Should the Teamsters/UPS 401k plan allocate to Bitcoin ETF when approved?

[100%ORIONComplianceGuy]

Millennium Management holds 2 Billion in ETF
-Bracebridge, did not return calls seeking comment.
-The State of Wisconsin Investment Board declined to comment.
-CEO of Hunting Hill, said the firm had been investing in Grayscale's bitcoin trust for a year or more.
-Hightower Advisors, disclosed holdings of about $68 million in the bitcoin ETFs, but declined to comment on portfolio decisions.
-Matt Hougan, chief investment officer of Bitwise, they will show that as many as 700 institutions own $5 billion or more in the new ETFs.

Bitcoin ETFs drew bets from Millennium Mgt, Wisconsin Retirement System in Q1

A handful of hedge funds, including Millennium Management LLC, and other asset managers are among the institutions that acquired stakes in the recently launched U.S. exchange-traded funds (ETFs) tied to the price of bitcoin in the first quarter, according to recent regulatory filings. New...

finance.yahoo.com

I don’t like the captured BTC at all. Wouldn’t mind if it was “in kind” like in Hong Kong.

 

[Over70irregs]

I don’t like the captured BTC at all. Wouldn’t mind if it was “in kind” like in Hong Kong.

Institutions are not custodial holders by nature. As far as price it got to 69k without ETFs. Everything leads/leans to centralization. We are in early unique times.

 

[Over70irregs]

The network users get no vote.

The full nodes get to vote.

A very important distinction, but one that isn’t taught enough to new crypto users.

It’s not a vote between the millions of users of Bitcoin, but of the 18,000 ish full nodes in operation.

With all due respect, I think you are driven by FOMO.

Oklahoma is FOMO. Who is next? Acceleration…

Oklahoma Passes Landmark Bill Protecting Bitcoin Rights

Oklahoma has passed a landmark bill protecting bitcoin rights. The new law, effective Nov 1, 2024, ensures the right to self-custody, transact, and mine bitcoin.

www.forbes.com

 

[100%ORIONComplianceGuy]

Oklahoma is FOMO. Who is next? Acceleration…

Oklahoma Passes Landmark Bill Protecting Bitcoin Rights

Oklahoma has passed a landmark bill protecting bitcoin rights. The new law, effective Nov 1, 2024, ensures the right to self-custody, transact, and mine bitcoin.

www.forbes.com

That’s nice to see. And hopefully more states join them. State or federal attempts at enforcing any legislation or “legislation through enforcement” against transacting freely would be VERY difficult. But it’s good to codify those rights into state law.

 

[Over70irregs]

That’s nice to see. And hopefully more states join them. State or federal attempts at enforcing any legislation or “legislation through enforcement” against transacting freely would be VERY difficult. But it’s good to codify those rights into state law.

US needs to assert dominance asap. His bosses allowed the book back.

 

[Over70irregs]

No matter how much news comes out or charts presented, people won’t make it to the finish line. This will go down as the most SILENT wealth transfer in history. (You chase bond yields)

10 US Spot Bitcoin ETFs Absorbed 548,556 BTC Worth $36 Billion in 128 Days​

 

[Over70irregs]

Semler Scientific® Announces Bitcoin Treasury Strategy

Semler Scientific, Inc. (Nasdaq: SMLR), a pioneer in developing and marketing technology products and services to healthcare providers to combat chronic diseases, announced today that its board of directors has adopted bitcoin as its primary treasury reserve asset. In addition, Semler Scientific...

finance.yahoo.com

 

[Over70irregs]

That’s nice to see. And hopefully more states join them. State or federal attempts at enforcing any legislation or “legislation through enforcement” against transacting freely would be VERY difficult. But it’s good to codify those rights into state law.

Until they claim using different self custody addresses is evasion

 

[Over70irregs]

Just math. Your not ready and they know it. Now you can’t unsee….

 

[Over70irregs]

They have over 1MILLION in 6 months and you cry about RE, 401k, “stanks” and boner bonds.
Dude. Tell me your paying attention.

Bitcoin Spot ETFs Now Control Over 1 Million BTC - Decrypt

Grayscale and BlackRock funds collectively hold more than half a million coins, with ETFs now controlling about 5% of the global supply.

decrypt.co

 

[Over70irregs]

Teamsters still lagging

https://www.microstrategy.com/press/microstrategy-announces-proposed-private-offering-of-500m-of-convertible-senior-notes_06-13-2024