Great summary

Small correction. In-kind is for APs only. 👍🏼

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Yes! Love this quick summary content to complement your in-depth podcasts, especially on Nostr!

Don't keep Bitcoin on exchanges, in ETFs or any other 'custody scheme' . Self custody, because when the govt wants a Bitcoin reserve the easiest place to go after the markets is the companies holding it. https://www.diligent.news/p/choose-bitcoin

Thanks! Very informative

As far as I know, it's been Blackrock who has requested the in-kind redemption to the SEC. Why should thay have done that if that prevents them to rehypothecate their btcs?

Thank you for sharing! I value your insight.

This guys is always nailing it. He would make for a good podcast host

More of this type of content, please and thank you 🙏🏼

Ty, Preston

I still don't get the in kind redemption. This has always been the case for anyone holding funds with coinbase not through an etf. The only difference I see is scale, but equally unlikely to do it I would suspect?

My low IQ take: I thought the two measures you discussed might have a positive effect; but I'm not so sure. Banks offering custody might be positive if the ETFs diversify their stacks amongst the banks, rather than relying on Coinbase. On the other hand, some plebs will want to borrow against their ...

Thanks Preston!

So I believe retail are unsecured creditors at coinbase. Also, I would tend to think that blackrock is a secured creditor. Would blackrock having in kind redemption facilitate a massive rug pull on retail should coinbase "go under"? If that is the case the clock is ticking for coinbase users to get ...

Well explained, Preston. Gradually, then suddenly in action.

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Great content Preston, we need more of this on nostr.

i will talk heavily to legislators