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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - 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[russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 9 Jan 2024 - - - #### Bitcoin $BTC Spot ETFs could trade at an 8% premium relative to the underlying asset warns GTS market maker Reggie Browne Source: Barchart [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Bitcoin $BTC Spot ETFs could trade at an 8% premium relative to the underlying asset warns GTS market maker Reggie Browne](https://blog.syzgroup.com/hubfs/1704784490846.jpg) ![Bitcoin $BTC Spot ETFs could trade at an 8% premium relative to the underlying asset warns GTS market maker Reggie Browne](https://blog.syzgroup.com/hubfs/1704784490846.jpg) 9 Jan 2024 - - - #### Grayscale Bitcoin Trust $GBTC traded close to half a billion on Monday which is more than 99% of the 3000 current ETFs, and reminder that they are bringing a (volume) gun to a knife fight if they launch with everyone else. That said, the 1.5% fee will act as a repellent at a time when the big asset managers plan to launch spot BTC ETF at 0% or super low fees. Source: Eric Balchunas, Bloomberg [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Grayscale Bitcoin Trust $GBTC traded close to half a billion on Monday](https://blog.syzgroup.com/hubfs/1704755182494.jpg) ![Grayscale Bitcoin Trust $GBTC traded close to half a billion on Monday](https://blog.syzgroup.com/hubfs/1704755182494.jpg) 9 Jan 2024 - - - #### BREAKING‼️ Global banking giant Standard Chartered says $50-$100 BILLION could flow into Bitcoin ETFs in 2024 Source: Bitcoin Archive [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![BREAKING‼️ Global banking giant Standard Chartered says $50-$100 BILLION could flow into Bitcoin ETFs in 2024](https://blog.syzgroup.com/hubfs/1704748012886.jpg) ![BREAKING‼️ Global banking giant Standard Chartered says $50-$100 BILLION could flow into Bitcoin ETFs in 2024](https://blog.syzgroup.com/hubfs/1704748012886.jpg) 8 Jan 2024 - - - #### BREAKING bitcoin spot ETF: the fee war has begun Bitcoin ETF applicants are filing last-minute amendments to lower their fees 👀 BlackRock's lowered to 0.30% 👀 ARK lowered lowered to 0.25% 👀 Wall Street is competing to offer cheap access to $BTC... Source: The Kobeissi Letter, Bitcoin Magazine [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![BREAKING bitcoin spot ETF: the fee war has begun](https://blog.syzgroup.com/hubfs/1704723546373.jpg) ![BREAKING bitcoin spot ETF: the fee war has begun](https://blog.syzgroup.com/hubfs/1704723546373.jpg) 4 Jan 2024 - - - #### Volatility on bitcoin is likely to increase as conflicting news regarding a bitcoin spot ETF approval by SEC continue to come out Uncertainty. [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Volatility on bitcoin is likely to increase as conflicting news regarding a bitcoin spot ETF approval by SEC continue to come out](https://blog.syzgroup.com/hubfs/1704326430862.jpg) ![Volatility on bitcoin is likely to increase as conflicting news regarding a bitcoin spot ETF approval by SEC continue to come out](https://blog.syzgroup.com/hubfs/1704326430862.jpg) 4 Jan 2024 - - - #### UPDATE -\> Bitcoin $BTC price dumped 9% in 1 hour on the basis of a report by Matrixport predicting an SEC rejection of ALL Bitcoin ETF applications Their justification? Politics. - 5 voting commissioners are Democrats. - Democrats don't like 'crypto'. - Applicants haven't satisfied the SEC's requirements. - There is not political justification to approve a Bitcoin ETF. Eric Balchunas continues to give a +90% chance of approval due to a number of factors, especially the SEC's significant change in behaviour by way of engaging with applicants and providing them with guidance on updating their applications. Source. Bitcoin Archive [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![UPDATE -\> Bitcoin $BTC price dumped 9% in 1 hour on the basis of a report by Matrixport predicting an SEC rejection of ALL Bitcoin ETF applications](https://blog.syzgroup.com/hubfs/1704293469899.jpg) ![UPDATE -\> Bitcoin $BTC price dumped 9% in 1 hour on the basis of a report by Matrixport predicting an SEC rejection of ALL Bitcoin ETF applications](https://blog.syzgroup.com/hubfs/1704293469899.jpg) 4 Jan 2024 - - - #### The rise of digital gold in one chart. In 2012, one ounce of Gold was still worth 400 Bitcoin, now less than 0.05 Source: HolgerZ, Bloomberg [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![The rise of digital gold in one chart. In 2012, one ounce of Gold was still worth 400 Bitcoin, now less than 0.05](https://blog.syzgroup.com/hubfs/1704258782609.jpg) ![The rise of digital gold in one chart. In 2012, one ounce of Gold was still worth 400 Bitcoin, now less than 0.05](https://blog.syzgroup.com/hubfs/1704258782609.jpg) 4 Jan 2024 - - - #### NEWS - The 1-month T-bill yield in the US surged by 13% in one day, coinciding with a significant increase in Bitcoin (now trading above 45k for the 1st time Typically, sharp spikes in short-term T-bill yields suggest a large financial entity collapsing. Source: Dump Watcher [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![NEWS - The 1-month T-bill yield in the US surged by 13% in one day, coinciding with a significant increase in Bitcoin (now trading above 45k for the 1st time](https://blog.syzgroup.com/hubfs/1704167916919.jpg) ![NEWS - The 1-month T-bill yield in the US surged by 13% in one day, coinciding with a significant increase in Bitcoin (now trading above 45k for the 1st time](https://blog.syzgroup.com/hubfs/1704167916919.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin/page/65) [64](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin/page/64) [65](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin/page/65) [66](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin/page/66) [67](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin/page/67) [68](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin/page/68) [❯](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin/page/67) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin/page/72?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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