3 entries tagged etf. All writing.
OCTOBER 7, 2026 Bitcoin Supply Shock: The Exchange Float Bitcoin Magazine says the supply of Bitcoin on exchanges just hit a seven-month low and tells you to "plan accordingly." This is a standing page that tracks that number by hand, says which provider it came from, and keeps asking the awkward question: did the coins leave for good, or just for a different building? SEPTEMBER 30, 2026 Two-Tenths of a Percent, If Illinois Can See You Illinois just became the first state to tax Bitcoin transactions directly — a 0.2% Digital Asset Tax Act taking effect January 1, 2027. I went looking for what it actually reaches, using two Kankakee residents as the test case: one who owns a Bitcoin ETF inside an ordinary brokerage account, and one who wants to buy coffee with sats over the Lightning Network. The tax lands hard on one of them, barely touches the other, and can't see the actual coffee purchase at all — and the reason why says a lot about how a state can tax a ledger it doesn't control. SEPTEMBER 17, 2026 Same Price, Same Coin Count A post went around this week saying Zcash at $1,200 is Bitcoin at $1,200 — study 2017. The arithmetic behind it is genuinely correct, which is the most interesting thing about it and the reason it's worth taking apart. Here is what the post is actually claiming, why the supply math works, why the conclusion doesn't follow, why my broker won't list the coin but will list the ETF, and what kind of future I think a "Bitcoin plus privacy" actually has. Shorter than the pitch: real, bounded, and not the apex of anything.