We are into the second week of trading for the Bitcoin ETFs and we have learned a lot since our initial impressions – An Eclectic Mix of Things. The Good: There have been some “good” things since the Bitcoin ETFs launched. • The launches seemed to go well from a logistics standpoint and premiums/discounts to NAV quickly settled into a narrow range. So, simply from a logistical or an operational standpoint, things are going well. • Trading volumes were high, but I think that was expected. Net flows seem to have been out of high cost providers and into lower cost/household name providers. Again, probably expected ... (full story)