Goldilocks’ Comments and Global Economic News Wednesday AM 12-6-23
Good Morning Dinar Recaps,
Finally, the US SEC adopts Final Rules on Security-Based Swap Execution Facilities. This includes foreign currency exchanges.
On November the 2nd, 2023, the final rules have finally been accepted to move forward with banks and other redemption centers. The implementation date for these security swap facilities are 60 days after Federal registration for them to do so takes place.
This means that early January 2024 will be the earliest date for exchange facilities to become a possibility.
We still have other dates in January such as Protocol 20 and Basel 3 final rules to be approved.
January is shaping up to be a very important month on so many levels.
© Goldilocks
https://www.sidley.com/en/insights/newsupdates/2023/11/us-sec-adopts-rules-for-security-based-swap-execution-facilities
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“BlackRock (BLK) revealed that it received $100,000 as “seed capital” for its proposed bitcoin (BTC) (http://coindesk.com/price/bitcoin/) exchange-traded fund, the investment giant disclosed in a fresh application with the U.S. Securities and Exchange Commission (SEC).
“The seed capital investor agreed to purchase $100,000 in shares on October 27, 2023, and on October 27, 2023 took delivery of 4,000 shares at a per-share price of $25.00 (the “seed shares”),” the filing said (https://www.sec.gov/Archives/edgar/data/1980994/000143774923033524/bit20231201_s1a.htm).
Seed capital represents the initial funding that allows an ETF to fund the creation units underlying the ETF so that shares can be offered and traded in the open market.
BlackRock’s proposed “iShares Bitcoin Trust” will invest in bitcoin rather than futures tied to the leading cryptocurrency and is one among the 13 applications awaiting regulatory approval.
The SEC is widely expected to greenlight one or more spot ETFs early next year, with Bloomberg analysts putting the probability of an approval in January at 90%.”
* This will solidly place Bitcoin inside the markets as a commodity based asset supporting underlying assets wrapped or connected to it in digital financing options for market growth.
This is a significant well placed liquidity option asset that will turn many sectors of the market into a digital asset based trading system.
As the market continues to be tokenized by digital assets supported by commodities, this will clearly engage real world assets with real world prices through standard protocols controlled through artificial intelligence and smart contracts.
2024 is shaping up to be a series of events happening in January that will transform every aspect of our global economy.
© Goldilocks
https://www.coindesk.com/business/2023/12/05/blackrock-received-100k-seed-funding-for-spot-bitcoin-etf/
The Global Market focus is turning towards ETFs and digitizing many assets along the way wrapped into these ETFs with Real-World assets and Real World prices.
An ETF allows you to hold many assets inside one offering. Newly tokenized assets can easily be attached to an ETF.
This will transform our markets into a digital based economy synchronizing our Banking Systems with our Market Financial sectors, as well as, digital bills of lading that record and synchronize efforts in our shipping ports creating exchange rate prices on goods and services coming and going from country to country.
We will see many changes and transformations in January 2024.
Get ready. This month will begin the process of integration into our new economy.
These Market shifts will determine new prices across all Market sectors going forward. Look for a great deal of volatility in January and the months following as these new tokenized assets find new price patterns and equilibrium within a new Financial system.
© Goldilocks
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