$74,000 last year, $74,000 this year

@joelwebershow, what do you think?

"When it comes to cryptocurrency ETFs, clear understanding is far more important than confusion." In this episode of "Getting to the Point," @JSeyff will delve into cryptocurrency ETFs, market structure, and why most news headlines are misleading. Listen and subscribe on Substack:

After experiencing the second and third largest outflows in history (last week and the week before), Bitcoin is trading below the average cost of US ETFs. (Moreover, last week's outflows will increase after IBIT releases its data tomorrow.) This means that the average purchase cost of Bitcoin ETFs is now below their value.

267,000 followers

Let this scene play out in real life.

Roundhill once attempted to launch a 4x SPY ETF, but their application was rejected by the U.S. Securities and Exchange Commission (SEC). This failure may finally deter those "2x or higher" ETF applications that resurface after being rejected, but given the inertia of the ETF industry, it's unlikely to be effective. Thanks to @Todd_Sohn for sharing.

The San Francisco Bay Area and New York City are poised for a wave of ETF adoption… Corgi has submitted a series of new thematic ETF applications. Others include an ETF for U.S. war machines, a beauty and skincare ETF, a drone and urban aviation ETF, and an ETF for the liberation of Venezuela. Source: @Todd_Sohn

Shockingly, seven of the top 11 most traded ETFs are commodities (gold, silver, and Bitcoin). This is absolutely unprecedented. GLD's trading volume is the most astonishing, exceeding the previous all-time high by approximately 50%. IBIT and SLV also set new records for single-day trading volume, ranking among the top five in history.

Metal Frenzy: $GLD's trading volume reached $25 billion today, setting a new single-day record, and it's only 1 PM. $SLV's trading volume is approximately $20 billion, and this week's volume has already surpassed the same period in previous years. These figures are staggering.