🚀 Impact of BTC ETF

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. The launch of bitcoin exchange-traded funds (ETFs) in January has seen gradual adoption, primarily driven by self-directed investors, according to BlackRock’s Samara Cohen at the Coinbase State of Crypto Summit. About 80% of purchases are from individual investors using online brokerage accounts, while hedge funds and brokerages have also shown interest based on 13-F filings. Registered investment advisors remain cautious due to bitcoin's volatility, regulatory concerns, and the cryptocurrency's history of fraud and scandals. Cohen emphasized that advisors are fulfilling their fiduciary duty by conducting thorough risk analysis and due diligence. She sees bitcoin ETFs as a bridge between crypto and traditional finance, providing a regulated investment option. Coinbase CFO Alesia Haas and T. Rowe Price's Blue Macellari echoed the sentiment of a slow but steady journey toward adoption, noting the psychological and paradigm shifts required for wider acceptance.

2. Disney and Pixar's "Inside Out 2" debuted with an estimated $155 million domestically, marking the second-highest opening for an animated film, and is expected to reach $295 million globally this weekend. This success follows a challenging period for Disney and Pixar, who struggled to draw audiences back to theaters post-pandemic, exacerbated by a shift towards streaming releases and criticisms of their content. This debut is a significant win for both studios and theaters, signaling a potential recovery for the box office, which has seen a 26% decline in ticket sales compared to 2023. With upcoming releases like "Deadpool and Wolverine," "Beetlejuice Beetlejuice," and "Joker: Folie a Deux," the industry is hopeful for a strong finish to the year despite earlier setbacks.

3. Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. *

4. Headlines

   1. Changpeng Zhao (Binance founder) was sentenced to 4 months in prison.

   2. Musk’s Tesla compensation package is expected to be reinstated when the votes from last Thursday’s vote are counted.

   _{* This is sponsored content.}

Two Forbes 30U30 Founders Transforming Mental Wellness

Forbes 30 Under 30 winners founded Aura to solve the $100B problem - mental wellbeing. 

Aura has quickly grown to 8 million users & 100k+ paying subscribers, and attracted investments from legendary Silicon Valley VCs & executives from Spotify, Facebook, and Apple. 

The best part? You can invest now before the opportunity ends in a few days.

Are you looking to grow your business? Here is how I can help:

📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸 Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Onwards and Upwards,

Liam Gill