Bitcoin's ETF most likely launching this week

Big news in the world of Bitcoin this week! They're gonna tell us if people can start trading this thing called a Bitcoin spot ETF. Think of it like a special type of club that lets you buy a piece of Bitcoin without having to actually own the Bitcoin itself. They'll probably let us know by Wednesday and we might be able to start trading it before the weekend.

Before that happens, the people running these Bitcoin clubs have to tell everyone how much they're gonna charge for managing our money. This morning, we started finding out what they want to charge, and it's like a big sale – everyone's trying to have the lowest price!

Grayscale's GBTC has been the big boss of Bitcoin funds for a long time, handling loads of money. They used to charge 2% to manage the fund, which is more than what most clubs like this charge. They said it's because Bitcoin's trickier to handle. But really, they were the only game in town for a while, so they could charge more.

Now, though, a bunch of other groups want in on the action, and they're charging less. Grayscale said they'll lower their fee to 1.5% when they change to an ETF, but that's still more than what others want to charge. Here are some fees other people are talking about, but these might change since it's all happening super fast.

Another thing to think about is the price difference when you buy and sell these Bitcoin club shares. But that's not gonna be a huge deal for most people.

What's really cool is that these new Bitcoin clubs might make it cheaper to buy and sell Bitcoin on places like Coinbase because of this fee fight.

Gabor Gurbacs from Van Eck says you might even save money by joining a Bitcoin club for a year instead of making a single trade on Coinbase. But he's also a bit worried that if these clubs don't make enough money from fees, they might try to make money in other ways, which might not be so clear to us.

So, as these Bitcoin clubs start, there's a lot to think about!

Some of you have asked me what I think will happen with this Bitcoin ETF thing. Here's what I'm guessing:

The Bitcoin spot ETF gets the green light on Wednesday and starts trading on Thursday.
It gets a couple of billion dollars in it super fast, like in 48 hours.
In the first month, it gets even more – like 5 billion dollars.
Blackrock might come in second place for the most money in these clubs after Grayscale in three months.
They might spend over 100 million dollars just to tell everyone about these Bitcoin clubs.
We might even see a commercial for it during the Super Bowl.
Financial advisors might start telling people to put a little bit of their money into Bitcoin.
A big, fancy fund might say they bought into the Bitcoin club within a year.
People will start talking more about an Ethereum version by the end of March.
Other fund groups might start putting money into the Bitcoin club.
Bitcoin might not jump around in price as much in the next few years.
The rate Bitcoin grows at might slow down to around 20% each year in 5 years.
It's gonna be interesting to see what I get right and what I miss. Guessing the future is tough. But no matter what, it seems like Bitcoin's still got a bright future ahead!