Spot BTC ETF Expected to Attract Pension AUM

The Chicago Board Options Exchange (CBOE), known as America’s largest options exchange, anticipates that the approval of spot Bitcoin exchange-traded funds (ETFs) could significantly boost institutional and retail interest in Bitcoin derivatives. In a Bloomberg TV interview on January 2, CBOE Digital president John Palmer discussed the implications of such approval.

Palmer highlighted that the approval of a spot Bitcoin ETF would facilitate investment from pension funds and RIA-based funds, which currently face challenges in directly investing in Bitcoin. RIAs, or Registered Investment Advisors, are entities registered with federal or state regulatory bodies to offer investment advice.

This discussion comes as the SEC approaches a critical deadline on January 10 to make a decision on the ARK Invest 21Shares Bitcoin ETF application. The potential approval of a spot Bitcoin ETF, according to Palmer, is likely to lead to a significant expansion in Bitcoin derivatives products. He anticipates that institutional investors will increasingly rely on these derivatives to manage risk.

While it’s uncertain how the investor landscape will shift following potential approval, Palmer notes that institutions are typically at the forefront in accessing hedging tools, with retail investors also showing interest.

CBOE Digital, the cryptocurrency division of the exchange, offers crypto futures and options trading. It has plans to introduce margined Bitcoin and Ether derivatives trading on January 11, enabling investors to trade these contracts without needing to provide full collateral.

In preparation for the possible approval of spot Bitcoin ETFs, some mutual funds have begun adjusting their strategies to increase their exposure to such products. On January 2, Advisors Preferred Trust revised its prospectus to allow the fund to invest up to 15% of its total assets in vehicles that provide indirect exposure to Bitcoin. This includes the Grayscale Bitcoin Trust, the ProShares Bitcoin Strategy ETF, and Bitcoin futures contracts. This move reflects a growing trend among traditional financial entities to integrate Bitcoin into their investment portfolios.

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

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What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
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The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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What is the goal of this portfolio?

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.

This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.

To give an update on the position, each one listed in low to high relative risk:

SoV/money == BTC, DCR

Platforms == ETH, XTZ

Private Money == XMR / ZEC / ZEN

DeFi == MKR / SNX and stablecoins

It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

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