On June 15, 2023, the largest asset manager in the world filed a financial document with the U.S. government.
This filing started the countdown on what I believe will be the biggest wealth-creation event in the history of cryptos.
And the government’s deadline to act on that filing is today.
One hundred years from now, I believe historians will remember this as the beginning of an entirely new chapter in crypto.
This new chapter will give millions of everyday folks the opportunity to potentially hit their Freedom Number.
A Freedom Number is the amount of money you need to live the life you want.
I can tell you from personal experience that once you hit your Freedom Number, everything changes.
Instead of living the life forced upon you – you can live the life you want.
The document I believe will give you the chance to achieve your Freedom Number this year is called an S-1 form.
In the past, it’s created huge profit opportunities. And this new opportunity could come as early as today.
Let me explain…
The New Chapter in Crypto Could Start Today
The Securities and Exchange Commission (SEC) requires any company that plans to list a security on a U.S. exchange to file an S-1 form.
The company that filed the S-1 form on June 15 is BlackRock. It’s the world’s largest asset manager, with almost $10 trillion under management.
In its amended S-1 filing, BlackRock reserved the ticker symbol IBIT for a new security: the iShares Bitcoin Trust.
IBIT is a proposed spot bitcoin exchange-traded fund (ETF). If approved, it’ll trade on the Nasdaq.
ETFs are investment funds that trade on stock exchanges. They provide investors with an easy way to invest in an index, sector, commodity, or other asset.
Currently, the SEC is reviewing 13 spot bitcoin ETF applications, including IBIT. The next deadline for the commission to decide on approval is today.
That means the SEC could approve BlackRock’s application for a spot bitcoin ETF as early as today. And I believe it’s a matter of when… not if.
Here’s why…
BlackRock is one of the most powerful firms on Wall Street. The company has close ties to U.S. regulators and the White House. It’s so influential, Bloomberg once called BlackRock “the fourth branch of the government.”
So if anyone can muscle a spot bitcoin ETF through the SEC’s byzantine web of regulations… It’s BlackRock.
Bitcoin’s 184% rally since January 2023 shows the market agrees with me and is betting on an imminent approval.
And according to ETF analysts from Bloomberg, there’s a 90% chance of a spot ETF approval today.
Here’s the thing…
I believe it’s unlikely the SEC will approve just one of the 13 spot ETF applications it’s currently reviewing. That would give the approved ETF a first-mover advantage.
So it’s more likely the SEC will approve multiple ETFs at once.
That means we could have several crypto products from heavyweights like BlackRock, Fidelity, WisdomTree, and Grayscale come to market at the same time.
Combined, the 13 firms that have filed for bitcoin ETF approval have $17 trillion under management.
Friends, we’re about to witness the institutionalization of this asset class in a way and at a level we’ve never seen before.
You see, most institutional investors with big pockets – like pension funds, endowment funds, and mutual funds – can’t invest directly in crypto.
They aren’t allowed to buy crypto because of their investment mandates. They can only invest in things that are regulated.
So once the SEC approves a spot bitcoin ETF, institutions will finally have a simple vehicle to invest in crypto. This will open the floodgates to hundreds of billions of dollars in capital.
We saw something similar happen when the SEC approved the first gold ETF in 2004 – the SPDR Gold Trust (GLD).
GLD made it easier for people to buy the metal. They no longer had to own physical bars. Instead, they could just buy the ETF, which represents a portion of physical gold.
It was an immediate success.
GLD exposed millions of new investors to the physical metal. It’s estimated that 60–80% of GLD buyers were first-time buyers of gold.
I believe the launch of a spot bitcoin ETF will similarly bring in millions of new crypto buyers.
According to a Bitwise/VettaFi 2024 Benchmark Survey, 88% of financial advisers interested in purchasing bitcoin are waiting until after a spot bitcoin ETF is approved.
To me, this suggests an ocean of capital is waiting to get into this asset class. And when the floodgates open, it’ll be like trying to squeeze an elephant through a mousehole.
But there’s an even bigger opportunity the mainstream media is missing…
The Tokens That Will Benefit The Most
After the success of GLD, Wall Street didn’t stop there. It created dozens more ETFs to give investors access to other metals like copper, silver, and platinum.
Today, there are 95 commodity ETFs that trade in the U.S., with over $133 billion in assets under management, according to ETF.com.
If a similar pattern plays out in crypto… It’s likely we’ll see the launch of dozens of new altcoin ETFs.
For instance, BlackRock has already filed to launch an ETF for Ethereum (ETH), the second largest crypto by market cap behind bitcoin.
But I don’t believe the biggest gains will come from bitcoin or Ethereum. These are well-established assets.
Instead, they’ll come from a tiny subsector of cryptos that have automatic payouts.
We call these payouts “tech royalties” or “crypto rewards.”
You see, many crypto projects pay out rewards. It’s similar to the way a stock pays a dividend. Instead of receiving cash, though, you receive more of the underlying crypto.
So our goal is to not just identify tokens that will appreciate in value… But also look for ones that pay out these incredible rewards.
That’s because they offer early adopters the potential for the highest rewards. And we’ve seen this firsthand…
For example, when we took a position in one of my earliest crypto payment tokens in September 2019, it had a reward rate of roughly 7.5% annually.
But the price of this token has grown. And so have the value of the rewards.
Today, the effective reward rate of 42%. At this rate, anyone who followed my initial recommendation would recoup their whole investment in less than three years.
Because of their higher yields, I believe these tokens are the ones Wall Street firms will most likely launch new ETFs for.
Here’s why you need to act now…
This subsector of the crypto market accounts for less than 1% of all coins. So for 99.99% of people, this is a brand-new way to invest in cryptos. Thate means you have a chance to get in before the crowd.
To prepare you for this event, I held a special briefing last night called Freedom 2024.
During the briefing, I shared details about six tokens with these automatic payouts that I believe will get their own ETFs after bitcoin. You can stream the replay here.
Friends, the time to act is now. Here’s why… Over the years, BlackRock has applied for 576 ETFs, and it has a 99.8% success rate.
That tells me BlackRock won’t spend time and resources filing for ETFs it isn’t almost 100% sure will get approved.
After that success, Wall Street will begin pumping out several types of altcoin ETFs.
And based on our research, they’ll start with an income crypto ETF focused exclusively on coins that come with these automatic payouts.
Wall Street already has 168 dividend ETFs, with more than $380 billion in assets under management. So I believe it’s going to replicate that with cryptos.
If your goal is to hit your Freedom Number in 2024, you must act now. If you wait until long after a spot bitcoin ETF gets approval, it’ll be too late.
There won’t be a second chance. There won’t be any do-overs. You won’t get a mulligan.
Once the SEC makes the announcement, I believe we’ll see a buying frenzy like we’ve never seen before… And if you don’t act now, here’s one thing I can guarantee.
You’ll get left behind.
Let the Game Come to You!
Big T