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Weekly Tech Newsletter
Anton Glotser
June 10, 2024
Welcome to the 4th edition of Weekly Tech News by Delnorte
This week’s newsletter features some very exciting news about DTV token launch and the Crypto industry
Delnorte DTV June 09th update
While this week was not supper eventful for Delnorte, it was certainly very eventful for Latin American politics. A new female president was elected in Mexico, president Bukele started his term in El Salvador and in USA former president Trump was convicted 34 times of being Trump lol. On the bright side Trump has raised over $20 million in crypto donations, and thus he is very much supporting crypto (not just bitcoin) for United States. We also had a crypto friendly law pass the house, but it will likely to be vetoed by Biden.
As mentioned in our previous newsletter we have decided to move our event from El Salvador to Miami. Miami is the capital of Latin America and is much more attractive to the majority of our network and invitees. We also switched the date to September 20th, 2024. As per our research there are no major crypto events in USA on this date.
The tickets to event are refundable for crypto and other gifts at the event. Total refund amount will equal 120% or more of the ticket price. The are two ticket types: $500 Satoshi pass gets you the main event (food, alcohol and entertainment included in price) and to $6,000 Whale pass (also 120% refunded for gifts and tokens) gets you a private 15 minute audience with one of the speakers, celebrities or attendees during the event (we have suites reserved for meetings during the main event, and reservations will take place 30 days prior to event) and access to a private party on Septemeber 21 that will be attended by Whale pass holders, celebrities, event speakers and politicians (150 people maximum). We have 1,500 Satoshi passes and 100 Whale passes. We will also have about 50-70 invited guests at the event, these will include various celebrities, politicians and event speakers. Ps. we have confirmed multiple new speakers, these guys have spoken at the UN, WEF, TedTalks and many more notable events.
If you are interested in attending this event, or helping out with planning, sponsorship or guest list, please email us at: [email protected]
Visa’s game-changing tokenization: securing the future of E-commerce.
Cryptocurrency ETFs a No-Brainer Buy?
A Landmark Moment: Bitcoin ETFs Now Accessible to Most American Investors
For the first time ever, American investors can buy and sell Bitcoin (CRYPTO: BTC) directly through their stock brokerage accounts. This leap is made possible by the advent of exchange-traded funds (ETFs) dedicated exclusively to Bitcoin, unlocking a plethora of new investment opportunities. These spot Bitcoin ETFs can be traded by major financial managers and are also available for inclusion in your IRA or 401(k) retirement plans. Many investors prefer this familiar ETF format over setting up separate crypto-trading accounts.
The Rise of Spot Bitcoin ETFs
It’s been a groundbreaking year, with the introduction of 11 spot Bitcoin ETFs in just under five months. Among them, the iShares Bitcoin Trust (NASDAQ: IBIT) has quickly risen to prominence, leading the pack with a substantial market value and significant daily trading volume.
With its early success, the iShares Bitcoin ETF seems like a solid option for Bitcoin investors in 2024. But is it the best choice? Let’s explore why this ETF stands out and consider whether there might be other viable alternatives.
The iShares brand, managed by the financial giant BlackRock, is widely recognized and trusted. Out of the top 100 ETFs by assets under management (AUM), 39 are iShares funds, showcasing their dominance. The new iShares Bitcoin Trust is no exception, recently joining the top 100 ETFs with an impressive $21.2 billion in AUM, surpassing the former leader, Grayscale Bitcoin Trust (NYSEMKT: GBTC), which has fallen to $20.1 billion from its peak of $29.0 billion.
Trading volume is another area where the iShares ETF excels. On average, 38 million shares change hands daily, translating to around $1.5 billion in daily trading value. In comparison, the Grayscale ETF handles $713 million, and Fidelity Wise Origin Bitcoin (NYSEMKT: FBTC) comes in third with $593 million in daily trades. This gives the iShares ETF a significant edge in terms of market scale and liquidity.
Competitive Challenges for the iShares Bitcoin ETF
While iShares leads in market presence and brand recognition, other Bitcoin ETFs could offer advantages.
For example, the iShares ETF has an annual sponsor fee of 0.25%, which, although reasonable, is not the lowest. Fidelity’s ETF will also charge 0.25% starting August 1, after an initial fee waiver period. The ARK 21Shares Bitcoin ETF (NYSEMKT: ARKB) offers a slightly lower fee of 0.21%, and the Bitwise Bitcoin ETF (NYSEMKT: BITB) features the lowest fee at 0.20%, with its launch rebates ending soon.
Conclusion
As the Bitcoin ETF landscape evolves, the iShares Bitcoin Trust has established itself as a formidable leader, combining trusted brand power with significant market activity. However, investors should also consider the cost-efficiency of other ETFs before making a decision. Whether the iShares ETF remains the optimal choice for Bitcoin enthusiasts in 2024 or if other options present compelling cases, the future of Bitcoin ETFs is certainly one to watch.
I hope you enjoyed the Weekly Tech Newsletter and the chosen articles. Next week we will have more updates on Miami summit and other blockchain and AI news. Until then, keep exploring, keep innovating, and keep pushing the limits of what technology can achieve and of course don’t forget to buy tickets to the Own It Miami summit.
Thank you for reading.