Happy Thursday, Blockfolians

The Lede

Yep, that’s right. Fidelity has become the 6th firm to offer up an application for a Bitcoin ETF. At this point, we sort of agree with this take:

Nathaniel Whittemore @nlw

At this point, fairly convinced we'll get a #Bitcoin ETF simply because the SEC gets so sick of reading the damn applications.

March 24th 2021

27 Retweets483 Likes

In all seriousness though, there are good reasons to think that the SEC will finally allow a Bitcoin ETF soon:

• The new Chair Gary Gensler is more pro-crypto, having taught a course on Bitcoin and Blockchain at MIT

• Canada now has multiple approved ETFs

• The market has matured significantly since the last round of proposals

For now, I guess we just wait and see.

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Highly Relevant Reading

• Caitlin Long’s Avanti raises another $37m

• Binance adds two former FATF members to advisory team

• Chinese banks are now allowing people to apply for access to the digital yuan

• Dalio still chirping about the US government banning bitcoin

Community Commentary

There is an awful lot of long faces out there for an asset that has been over $50,000 for nearly three weeks

Stephen Cole @sthenc

Bitcoin dipping on news that Tesla is stacking sats, Fidelity is filing an ETF, and sovereign wealth funds are asking NYDIG how to buy. ¯\_(ツ)_/¯

March 24th 2021

286 Retweets2,646 Likes

Tell us again that bitcoin doesn’t have any use case besides speculation?

Franco Amati 🦔🌎⚡ @franamati

#Bitcoin fixes this, a real history thread: An Argentine I met 10 years ago contacted me. Now in his 50s, moving to Chile because of Argentina's financial crisis with his wife already working there for a few weeks. It was now his turn, and they wanted their money to travel too.

March 22nd 2021

249 Retweets1,097 Likes

A Really Big Number We Should Be Paying Attention To

$560,000

That’s the final price of an NFT auction in conjunction with the New York Times. Subscriptions what?

Final Thought

Good summary of today’s hearings around big tech

allen farrington @allenf32

yeah so I'm livetweeting this shitshow now. congressman guy: would you agree with setting up a government agency that controls all the things to stop them being bad? @jack: um ... no?

March 25th 2021

13 Retweets164 Likes