SEC Accepts BlackRock’s Bitcoin ETF Application

The United States Securities and Exchange Commission (SEC) has accepted BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF). This is the latest in a series of applications for spot Bitcoin ETFs that the SEC has received.

A spot Bitcoin ETF is an investment fund that tracks the price of Bitcoin. It would allow investors to buy and sell Bitcoin through a traditional brokerage account.

The SEC has yet to approve a spot Bitcoin ETF in the United States. However, the regulator has accepted several applications, including BlackRock’s. This is a positive sign for the crypto industry, as it suggests that the SEC is open to the idea of spot Bitcoin ETFs.

BlackRock is a major asset management firm with over $10 trillion in assets under management. Its entry into the spot Bitcoin ETF race is significant, as it could give the product more legitimacy.

The competition among companies vying to be the first to launch a Bitcoin ETF in the United States is seen by many as a positive development for the crypto industry. With multiple filings, the chances of success increase, with diverse proposals enabling the SEC to assess different strategies and concerns.

The SEC has yet to approve a spot Bitcoin ETF in the United States; however, in Canada, the financial product is already available. Three significant funds: Purpose Bitcoin, 3iQ CoinShares and CI Galaxy Bitcoin, have been approved by regulators in the country.

The approval of a spot Bitcoin ETF in the United States would be a major milestone for the crypto industry. It would make it easier for investors to access Bitcoin and could help to legitimize the digital asset.

It is still too early to say whether the SEC will approve a spot Bitcoin ETF in the United States. However, the acceptance of BlackRock’s application is a positive sign for the crypto industry.

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
possible.

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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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

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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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