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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin ETF Fees Revealed: BlackRock, VanEck, and WisdomTree Compete for Approval

The fees for the proposed Bitcoin ETFs from BlackRock, VanEck, and WisdomTree have been revealed in recent filings with the SEC. Bloomberg Intelligence analyst Eric Balchunas commented on Twitter that BlackRock's fee of 0.3% is cheaper than anticipated, stating "Life just got a LOT tougher for everyone else." This news comes amidst renewed optimism for the approval of a Bitcoin ETF, with the entry of BlackRock, the world's largest asset manager, into the race. A recent court victory for Grayscale also added momentum to the push for approval. While Balchunas raised the odds of approval to 95% in January, market participants are taking a more cautious stance, with a prediction market pegging the chances at 83%. A recent poll of financial advisors showed that only 39% expressed confidence in a spot Bitcoin ETF being available to US investors in 2024.

The fees for the proposed Bitcoin ETFs from BlackRock, VanEck, and WisdomTree have been revealed through filings with the SEC. BlackRock's fee of 0.3% is lower than originally predicted, which has garnered attention and raised the competitive bar for other applicants.

The entry of BlackRock, the largest asset manager in the world, into the race for a Bitcoin ETF has sparked renewed optimism for the approval of such a product. Historically, the SEC has rejected all applications for a spot Bitcoin ETF, but BlackRock's involvement could potentially change the outcome.

A recent court victory for Grayscale has also added momentum to the push for a Bitcoin ETF. A judge ruled that the SEC must review Grayscale's application to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. This ruling provides a brief window of opportunity for the SEC to approve multiple spot Bitcoin ETF applications before January 10.

Bloomberg Intelligence's Balchunas has raised the odds of the SEC approving a spot Bitcoin ETF in January to 95%. However, market participants are taking a more cautious stance, with a prediction market indicating an 83% chance of approval by January 15.

A recent poll conducted by Bitwise revealed that only 39% of financial advisors surveyed expressed confidence in a spot Bitcoin ETF being available to US investors in 2024. This suggests that there is still uncertainty and skepticism surrounding the approval process.

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