ETF Launch Expected This Thursday; GBTC Poised for Conversion/Listings on the Same Day as Other ETFs

The ETF Store President, Nate Geraci, posted on X platform, outlining five key points he's focusing on regarding the Bitcoin spot ETF this week:

• Remaining fee disclosures, particularly from BlackRock (iShares) and Grayscale. Currently, Fidelity leads with a 0.39% fee, while JPMorgan is at 0.59% (waived for the first six months).

• The SEC's approval vote (likely on Wednesday). The SEC's Trading and Markets division needs to approve the 19b-4 (exchange rule change) filing; the Corporate Finance division needs to sign off on the S-1 (registration statement). The critical aspect is the approval order for the 19b-4.

• The potential launch of the ETF on Thursday. In this case, interest lies in understanding the types of investors who are already prepared. There are rumors that BlackRock may attract $2 billion in the first week. How much capital will Fidelity, JPMorgan, and others bring？ Will ARK be able to purchase over $200 million to replace GBTC in ARKW？

• Will GBTC convert/list on the same day as other ETFs' listings？ There are indications this might occur (based on executive X posts, documents, and general activity/news). This could be a significant advantage as GBTC currently holds $27 billion in assets and would automatically enter one of the top 60 ETFs by AUM upon launch.

• Marketing momentum. Previews have been seen from Bitwise, Hashdex, and VanEck. What marketing materials have BlackRock (iShares), Fidelity, JPMorgan, ARK, Grayscale, and others prepared？ The advertising rules for the 33 Act (Bitcoin spot ETF structure) are more restrictive.