Topics for today:
- Medical Ethicists Toy With Making You Sick
- EU To Limit You Holding Digital Euro
- Michigan's Bitcoin Reserve Act Moves Ahead
- Vietnam Closes 86 Million Bank Accounts
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Today's Articles:
https://bitcoinmagazine.com/takes/lets-not-create-200-trillion-in-credit-on-top-of-bitcoinhttps://cointelegraph.com/news/eu-finance-ministers-agree-to-limit-digital-euro-holdings
https://www.coindesk.com/policy/2025/09/19/michigan-s-stalled-bitcoin-reserve-bill-advances-after-7-months
https://www.thecollegefix.com/professors-paper-about-spreading-tick-borne-meat-allergy-in-humans-prompts-backlash/
https://decrypt.co/340345/bank-of-canada-calls-for-guardrails-as-stablecoins-go-mainstream
https://atlas21.com/vietnam-closes-86-million-bank-accounts-over-missing-biometric-verification/
https://bitcoinnews.com/press-release/bitcoin-for-women-rhino-bitcoin-app/
https://bitcoinmagazine.com/news/warsaw-stock-exchange-debuts-bitcoin-beta-etf-expanding-crypto-market-access
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It is 09:22AM Pacific Daylight Time. It is the nineteenth day of the ninth month of twenty twenty five, and this is episode eleven seventy two of Bitcoin and let's just not create $200,000,000,000,000 in credit on top of Bitcoin. That was going to be or actually is going to be our first one for the day and then we're going to get into EU finance ministers agreeing on something but it's probably not all that great. And then, Michigan. We're going to have Michigan twice. One about Bitcoin and one about some real weird stuff going on with some professors at Western Michigan University.
I think it's important for us to know just how many people are working against us when it comes to eating meat. Then the Bank of Canada will be in the news, as well as Vietnam who's closing, well, quite a bit of bank accounts. Maybe it is what we think it is, maybe it's not. Who knows? We'll find out. And Bitcoin for women launches in the Rhino Amp app, not amp, app. And then we're gonna talk about Warsaw, Poland. But first, let's not create 200,000,000,000,000 in credit on top of Bitcoin. This is from our friend, Frank Korva, out of Bitcoin Magazine.
The purpose of Bitcoin is to definancialize the world, not refinancialize it. And so, when I heard strategy executive chairman, Michael Saylor, say at the Bitcoin Treasury's unconference yesterday that he wants to see $200,000,000,000,000 in credit built on top of Bitcoin once it hits a $100,000,000,000,000 market cap, I felt uneasy. Then when I heard Coinbase CEO Brian Armstrong send a similar message this morning, I started to feel like we're very much losing the plot. For those who aren't well versed on Bitcoin's origins, it was born from the great financial crisis of two thousand and seven through 02/2009, which was the result of highly leveraged over financial over financialized systems.
When I think about Satoshi Nakamoto coding Bitcoin, I don't think of somebody or a group of people thinking to him or herself, gee, how can I create a new asset that we can financialize so that we can create the same problems again? What Satoshi seemed to have in mind instead was, here's a new form of money that preserves value over time so that people don't have to rely on financial products as much. I don't know whether or not we'll ever live in a fully hyper Bitcoinized future where no other forms of money exist, but I do imagine that the 100 to $200,000,000,000,000 in debt that both Saylor and Armstrong are envisioning is constituted of other currencies. And in such a scenario, Bitcoin has likely been relegated to digital capital instead of money, and that's not my vision for it. To be fair, it could be used as digital capital and money simultaneously.
My vision is closer to what we see in Bitcoin circular economies, communities around the world that use Bitcoin as money. I visited a number of these communities and witnessed the tremendous impact they've had on the lives of their members. Many members of these communities have never had a bank account or been part of the broader digital financial system, which means they likely aren't even eligible to apply for credit. However, with Bitcoin, they're able to save and build small businesses with those savings. This is part of the magic of Bitcoin.
It empowers those who've been neglected by the traditional financial system while saving those of us who have access to it from becoming debt slaves. We may never live in a completely definancialized future, and that's fine. It's one thing to acknowledge that, but it's another to envision a future of finance built on Bitcoin before we've even succeeded in having it widely adopted as money, which is what Satoshi intended for it to be. It would be fantastic if some of the most prominent names in the industry supported bringing the original vision for Bitcoin to life before proposing that we incorporate it into the antiquated corrupt system of little more than a new form of collateral.
Yeah. I'm gonna have to agree wholeheartedly with with Frank here. It's sad to see, Sailor say things like a $100,000,000,000,000 in credit on top of a $100,000,000,000,000 market cap, you're leveraging two for one automatically right then and there. But this Coinbase, this this and it was when you're talking about Coinbase, we're talking about Brian Armstrong and his message, and he was talking in Washington DC, and there's a little video of it here. I won't play it, but it's just sick, sickening to see these jokers play around with something that is pristine.
And honestly, we should probably well, I mean, it's easy to give Brian Armstrong pushback, but it's harder to give Sailor a little bit of pushback when you kinda like what he's been doing for a while. Although that does not excuse these these particular actions, I think, there should be a broad pushback against Saylor on this issue, honestly. Now on on to the European Union where finance ministers have agreed on a path to limit digital euro holdings. This is Adrian Zmunzinski from Cointelegraph. And we read here, finance ministers of European Union member states agreed on Friday on a pathway to set limits on how much digital euro an individual can hold, moving the block closer to launching a central bank digital currency.
The decision was announced during a euro group press conference following the Economic and Financial Affairs Council meeting in Copenhagen, Denmark on Friday. Officials said they had reached consensus on the ceiling for holding limits and then ultimately on the issuance process itself for the digital euro. One official noted during the press conference that what had been discussed were the procedures for establishing holding limits rather than the limits themselves. The statements follow United Kingdom based cryptocurrency industry advocacy groups calling on the local central bank not to proceed with plans to enforce very similar limits on stablecoin holdings. They don't want you to have any money at all, guys.
A holding limit for the European Union Central Bank digital currency was also discussed in the European Central Bank's progress report on the digital euro released at the 2024. According to a 2024 political report, holding limits have become a point of contention between the ECB and national central banks. Despite a global shift towards stable coins, the EU appears to be doubling down on its digital euro efforts because earlier this month, the ECB renewed its push to issue a digital euro drawing pushback from some EU members due to concerns over privacy and risks of damage to commercial banks.
Yes. And we've talked all about that, so there's no need to rehash it anymore. The point here is that they want to limit how much money that you can actually hold for usage. Now I I don't necessarily believe yet that this has something to do with how much money you can actually hold in total because we've talked about this before. This is not the first time that the, ECB has talked about a holding limit on digital euro because that was separate than what you would have in, quote, a savings account or investments or something like that. But it would not surprise me one bit if we start hearing the words, well, you can only have so much cash in total.
So, honestly, the whole thing just reeks of just crap. Now on to Michigan, where Michigan's stalled Bitcoin reserve bill advances after seven months. Omkar Godbold is writing this one for CoinDesk. After seven months of inactivity, Michigan's Bitcoin Reserve Bill, HB forty eighty seven, made progress on Thursday by advancing to the second readings in the State House of Representatives. The bill, introduced in February, aims to establish a strategic Bitcoin reserve by authorizing the state treasury to invest up to 10% of its reserves in the largest cryptocurrency and possibly others it has now been referred to the Committee on Government Operations.
If approved, Michigan would join the three states, Texas, New Hampshire, and Arizona that have enacted Bitcoin reserve laws. And while Texas allocated $10,000,000 to purchase BTC in June, the other two have yet to fund the reserve with any state money. Recently, the US House directed the Treasury Department to study the feasibility and governance of a strategic Bitcoin reserve, including key areas such as custody, cybersecurity, and accounting standards. Sovereign adoption of Bitcoin has emerged as one of the defining trends of 2025 with several US states and countries considering or implementing BTC reserves as part of their public finance strategy.
That's in addition to the growing corporate adoption of Bitcoin and company treasuries. This institutional embrace has contributed to a significant boost in Bitcoin's market valuation. The BTC price has increased 25% this year and touched a record high of 124,500 in August, CoinDesk data shows. So Michigan has advanced their Bitcoin reserve bill, and that's great. However, what's not great is coming out of the other side of Michigan. Now, this has nothing at all to do with Bitcoin. But it's part of the Michigan story. And this one is rather scary, and I will admit that this came out last month. It's almost it's actually just a little bit over a month old.
And, well, it's written by Leona Salinas out of Texas State University, but she's writing this one. The headline is, professor's paper about spreading tick borne meat allergy in humans prompts backlash. Two bioethics professor professors at Western Michigan University are exploring a controversial thought experiment. Should spreading a debilitating meat allergy be morally required if eating meat is considered wrong? The paper recently sparked backlash online amid a larger trend of climate change scientists calling for reduced meat consumption.
But one of the authors told The College Fix, the paper is just a thought experiment and not an endorsement of spreading the allergy causing ailment. In their paper, Beneficial Blood Sucking, published in July in the journal Bioethics, Doctor. Parker Crutchfield and Doctor. Blake Harath, both professors of medical ethics, considered whether the intentional spread of alpha gal syndrome, a tick borne illness that causes an allergic reaction to meat, could be justified morally. Alpha gal syndrome is caused by the bite of the lone star tick, which transmits a sugar molecule called alpha gal into a person's bloodstream. Once sensitized, individuals can develop allergic reactions ranging from mild hives and gastrointestinal distress to However, Cr However, Crutchfield and Harris wrote in their paper that the syndrome has no significant negative effects on human health so long as one avoids eating meat.
The authors wrote that, quote, promoting alpha gal syndrome is strongly pro tanto morally obligatory using the philosophical term to mean an act is required unless outweighed by stronger moral reasons against it. Quote, herein, we argue that if eating meat is morally impermissible, then efforts to prevent the spread of tick borne AGS are also morally impermissible, they wrote in the abstract. After explaining the symptoms symptoms of AGS and how they are transmitted via ticks, we argue that tick borne AGS is a moral bio enhancer if and when it motivates people to stop eating meat. Quote, we then defend what we call the convergence argument.
If x this is weird. If x ing, and they spell it x hyphen I n g, if x ing prevents the world from becoming a significantly worse place, doesn't violate anyone's rights, and promotes virtuous actions or character, then x ing is strongly protanto obligatory, promoting tick borne AGS satisfies each of these conditions, they wrote. However, Crutchfield told The College Fix that his work is not an endorsement of actually releasing ticks or otherwise spreading alpha gal syndrome. No, he told The Fix in a recent email when asked if the paper advocates for the intentional spread of the tick borne illness.
Instead, he described the piece as a hypothetical ethical framework for discussion when asked about the intent. Crutchfield said his personal diet is not vegetarian or vegan, quote, people assume I'm vegan. He told The Fix, I'm not. I'm not even vegetarian. Their paper recently sparked backlash online after the conservative account libs of TikTok shared screenshots of the abstract and suggested the authors were advocating for the spread of the illness. H Sterling Burnett, director of the Arthur b Robinson Center on Climate and Environmental Policy at the Heartland Institute, told The Fix the premise is deeply flawed. Quote, the argument is set as a conditional.
If eating red meat is bad, then promoting a disease which dissuades one from eating certain types of meat is morally obligatory. There are multiple problems with the claim. Among them, the authors provide no valid arguments for the claim that eating meat is a moral wrong. I've seen such arguments. They depend heavily on certain understandings of utilitarianism, but they don't hold water. And regardless, these authors don't seriously defend the claim. Rather, they assume it, he told The Fix. Beyond the logical critique, Burnett said promoting illness violates a fundamental moral boundary. Quote, it is never morally right to promote a disease which harms people, robs them of choice, literally makes them sick, and in extreme instances kills them, whether to flight fight climate change or promote animal welfare, preventing the eradication of a disease that causes human harm, indeed, promoting increased infection is morally abhorrent.
Quote, this is the kind of philosophical argument that gives philosophy and the study of ethics a bad name, he said. Cutting back on meat consumption is also has a connection, to climate change advocacy. Some doctors have urged people to eat less meat for the planet, and one group of professors recently urged governments to create a tax on meat. Others have linked greenhouse gases to livestock and climate change. A Centers for Disease Control report in 2023 found that cases of alpha gal syndrome are on the rise in The United States with thousands of suspect suspected infections each year. The lone star ticks range has expanded due to factors such as climate change and land use plat patterns raising public health concerns about tick borne illnesses in general.
Yeah. So these guys write this paper. They start talking about that it's they make an argument that it's morally obligatory. You haven't you're obliged to do this, to obliged to spread a tick borne illness that causes extreme problems for people that eat not just red meat, but it's like lamb, pork, beef. You you the you know, I think the only thing not mentioned is fish. However, when you look farther into the alpha gal syndrome, it ain't just meat. Kerrigan, which is a, well, it's it's derived from an algae or is it it's either an algae or a seaweed. I think you can get it from both. It's used in food as a thickener. Right. So it's in a lot of stuff. If you have alpha gal and you get a come across some food that's got enough Kerrigan in it, you could have some serious problems, and it ain't just Kerrigan.
There's all kinds of foodstuffs out there. It's this this affects people eating more than just meat. This is everything about this is is is terrible. There's no reason to even go through the mental hurdles to try to figure out whether or not this kind of thing is good. Right. These bioethicist or medical ethicists, they are have just been on a rampage with this kind of crap, talking about how it's more it can be morally obligatory to abort a baby after it's been born, which in my mind is just straight up murder. You're just you just infanticide at that point.
So I don't know why these people get off on trying to write these papers, but we've gotta be really careful because while they say the the authors say that they're not really serious about spreading this disease, it opens the doors not only to them changing their minds later on, but to inspiring other people that are, well, let's just call them ethically and morally dubious at best to actually figure out, oh, wow. We can really stop people eating meat if we spread this. So just, guys, be aware. Be aware. Now if if you are prone to eat meat, you might consider getting great ghee from greatghee.com.
It's ghee. It's clarified butter. That's what ghee is. And you can get yours from greatghee.com. It is clarified butter, and his is made by simmering butter to remove water, milk solids, and impurities, leaving behind a golden lactose free oil with a nutty flavor and a high smoke point, about 485 degrees Fahrenheit. And his, by the way, is he's got regular pasture raised, ghee, but he's also got 100% grass fed a two a two pasture raised ghee. What is a two? Well, it's it's kind of protein that's found in milk, and a two slash a two generally means that it's a purebred cow.
The mother was a two. The father carried the gene for a two. So the milk cow that comes out of that union can only produce a two milk. And from what I understand, a two is much, it it's much easier to digest, especially for people that may have milk issues, like, maybe it it doesn't digest as fast or or as well. There there are issues with it. Anyway, you can get yours at greatghee.com. That's greatghee.com. Make sure you use Bitcoin and in the coupon code so that you let great ghee know that I made the sale for him, and then he can decide on a value for value basis whether or not that sale was worth anything and how much it was worth, and he will get me back on the other side with some Satoshis.
Now let's run the numbers. CNBC futures and commodities. I got oil. West Texas Intermediate is down a point to $62.89. Brent Norsee down 1.14% to $66.67. Natural gas is down almost two points to $2.88. Wow. It took a real beating today. Gasoline is down almost two points to a buck 97 a gallon, and Mirbon crude is down a point and a fifth. It's at $69.46. Gold is up point 6% to $37.00 2 in two dimes. Silver is up 2%. Platinum is up one. Copper is up a quarter of a point, and palladium is down 1.6%. Ag is all in the red except for sugar. Our only winner today, point 46% to the upside. Biggest loser is coffee, 3.8% to the downside. Meanwhile, live cattle is up point 6%, lean hogs down point one seven, and feeder cattle breaking out 1.15% to the upside.
Dow is up a quarter. S and P is up a quarter. Nasdaq is up almost a half. The S and P Mini is down three quarters of a point. Meanwhile, Bitcoin at a $116,100 a coin, that is a $2,310,000,000,000 market cap. You can get 31.5 ounces of your favorite shiny metal rock for your one Bitcoin of which there are 19,923,013.67 of, and average fees per block are really low. 0.02 BTC taken in fees on a per block basis. There are 57 blocks carrying a 128,000 unconfirmed transactions waiting to clear at high priority rates of 3 Satoshis per v byte. Low priority is gonna cost you one. And back into Zeta Hash range, yeehaw.
1.03 Zeta Hash is the hash rate of the Bitcoin network as of right now, so you can do with that what you will. And from over groupin' bankers, which was yesterday's episode of Bitcoin, and I got Yodel with $1.02 $3.04 sat says, can't recall if I already boosted. Have a great week or weekend depending on when you read this. Jubb Jubb with 2,000 says, take my money and put it in your pocket. Yodel with another $5.13 SAT says nothing ever happens. Perma nerd with $2.10 says a small stipend from my wallet to yours, from Pai's with a 121 SAT says thank you, sir. No. Thank you. And that's the weather report.
Welcome to part two of the news you can use. This is shaping up to be a rather short show today, but, hey, it's Friday, man. We're we're coming up on the weekend. Bank of Canada calls for guardrails as stablecoins go mainstream. Vismaya v out of Decrypt says the Bank of Canada has warned that stablecoins now powering trillions in global payments must be, quote, as safe as stable and stable as the balance in your bank account before regulators let them scale. Oh, apparently it's up to the regulators. Speaking at the CPA conference in Ottawa on Thursday, the Bank of Canada's executive director of payments, supervision, and oversight, Ron Morrow, said that while stablecoins present major opportunities to modernize Canada's payment infrastructure, there's scope for a lot of potential change, but there's also the need for some caution.
Morrow pointed to Canada's particular vulnerability in cross border payments, noting international money transfer costs are significantly higher in Canada than in jurisdictions like The United States and United Kingdom. This cost disparity creates acute challenges for immigrant communities sending remittances overseas. Quote, an average unskilled laborer working abroad loses five to 10% for a micro remittance amount via Western Union type networks, Jagdish Pandya, founder of BlockOn Ventures, told Decrypt, noting that stablecoins bring this down to less than 1% since only network fees are a primary cost. Quote, to make a stark analogy, paying with Bitcoin is like agreeing to pay for your lunch with shares of a tech startup, Mauro said, comparing it with stablecoins that are pegged to a fiat currency such as the US dollar and generally trade close to the value of that currency.
Canada currently lacks federal stablecoin regulation relying instead on provincial security framework and federal anti money laundering provisions. Mauro suggested the country should, quote, weigh the merits of federal stablecoin regulation similar to what other countries have done. Survey data from Canadian business leaders show that almost 60% believe the country's competitiveness will decline without further payment innovation according to the deputy governor. Mushir Ahmed, founder of FinStep Asia, told Decrypt that Canadian firms could, quote, lose out on a piece of the global pie if they don't have the opportunity to trial in their local ecosystems first as The US gains advantages under the Genius Act.
He suggested Canada could take a leaf from the HKMA, I don't know what that is, and VARA playbook, I don't know what that is either, vis sandboxes and pilots while the regulations make their way through the legislative bodies. Quote, the true success of a Canadian fiat backed stablecoin will depend on its seamless integration with domestic payment systems, strong local utility, global interoperability, and regulatory clarity, especially in a market currently dominated by the United States dollar. Manjar Geregrat, country country head at liminal custody told Decrypt, with neutral, trustless blockchains like Ethereum and Solana enabling real time global trade, he argued that, quote, all sovereign nations will want to issue digital currencies.
Oh, my god. Okay. So let's leave Canada to just be Canada and move on over to Southeast Asia. Vietnam closes 86,000,000 bank accounts over missing biometric verification. This is out of Atlas twenty one. Starting September 1, Vietnam has decided to permanently close more than 86,000,000 bank accounts. That's already happened. And that those accounts did not apply with the new facial biometric authentication requirements. The remaining 113,000,000 accounts have been subjected to verification under the new anti fraud, anti money laundering regulations. The situation has particularly impacted foreigners residing in the Asian country.
A Reddit user, a former international contractor, reported being forced to return to Vietnam in person to avoid the closure of his of his HSBC bank account as remote solutions for biometric verification were not available. Quote, this is a very insidious way to do a bail in while also increasing the surveillance state, commented Marty Bent. According to Daniel Batten, researcher and cofounder of CH Four Capital, these measures give the Vietnamese central bank next gen financial surveillance ability. The Hanoi government justified the introduction of the new rules by citing the increased use of generative AI and sophisticated spoofing techniques to bypass banking security systems. And last May, local police dismantled a laundering network that used fake facial scans and had moved approximately 100 no. 1,000 billion Vietnamese dong.
You can just say a trillion, dude. That's actually a trillion Vietnamese dong, which is worth $39,000,000 US. The new regulations require facial biometric authentication for first time registration and online transfers over 10,000,000 dong, which is $379, while combined transactions exceeding 20,000,000 dong or $758 always require biometric verification. Now I read another story about this, and it's it's from, like, the Vietnamese post or something like that. They're playing it off that some of these that a lot of these bank accounts are just stagnant bank accounts, and they just didn't want them sitting out there so that people could, I don't know, somehow or another get control of them and do nefarious things with them. I don't know. I it's I'm not a Vietnamese national. I don't live in Vietnam, so I don't I don't really know.
But you're talking about 43% of all bank accounts in Vietnam being closed. Yes. That's right. I did the math. 86,000,000 bank accounts is 43% of all active bank accounts in the country of Vietnam. This doesn't sound very much like a whole bunch of abandoned bank accounts to me. What do you think? Send me a boost and let me know. Bitcoin for women launches in the Rhino app. This is out of Bitcoin news. RhinoLearn, the educational arm of Bitcoin financial services company, Rhino Bitcoin, today launches Bitcoin for Women. A first of its kind course designed to teach women how to understand money, question the system, and build lasting financial independence through Bitcoin.
For decades, women have been underserved by both the traditional financial system and the Bitcoin space. Financial literacy resources often assume prior knowledge or are loaded with jargon. And when it comes to Bitcoin, the problem gets even worse. Hype, speculation, and male dominated messaging have left many women feeling excluded and unsure of where to begin. This course changes that. Quote, Bitcoin for women isn't about charts or price predictions, says course creator, sun Sanjanya Mehta. I it's I no way I can pronounce this. Co founder of Wiser and a longtime Bitcoin educator, quote, it's about giving women the tools to understand how money really works, why the current system often fails them, and how Bitcoin can offer something better.
The data's pretty sobering. Fifty eight percent of women in high income households still leave long term financial decisions to their spouses. One in four women in The US return to poverty after a divorce. Women perform 75% of the world's unpaid care work, yet hold only 32% of global wealth. Financial literacy rates are lower for women in nearly every country and age group. Whether it's less access to financial tools, wage inequality, or time poverty due to unpaid care work, women face structural barriers to financial freedom. Bitcoin for women addresses these realities head on.
So there you go. A full course just for the women out there that wanna learn more about Bitcoin, how it works, but not get into the hype cycle. Again, all of these news stories will have their URLs linked in the show notes. Okay? So if you wanna go read about this and get any any of the, linked URLs to this, then there there all those resources are right there in the show notes. Now the last one of the day, Warsaw Stock Exchange debuts Bitcoin Beta ETF expanding crypto market access. Nick out of Bitcoin Magazine. The Warsaw Stock Exchange has officially listed the Bitcoin Beta ETF, giving investors in Poland their first opportunity to gain exposure to Bitcoin through a regulated exchange traded fund.
The newly listed ETF, managed by Agio Funds, TFISA, is designed to provide exposure to Bitcoin through futures contracts listed on the Chicago Mercantile Exchange. Importantly, the fund incorporates a foreign exchange risk hedging strategy aiming to reduce investors' exposure to fluctuations between the US dollar and the Polish zloty. This makes it the first ETF on GPW, which is that's that's their their exchange, to offer cryptocurrency exposure while managing cryptocurrency volatility. Quote, GPW addresses investors' expectations and follows the trend of diversifying asset classes available to the public market, said Mikhail Khabza, member of the management board of the Warsaw Stock Exchange, quote, equally important.
Offering exposure to Bitcoin through an ETF listed on GPW increases safety of trading as investors can participate in the cryptocurrency market using an instrument which is supervised, cleared, and subject to the transparency standards applicable to a regulated capital market. The ETF prospectus was approved by the Polish Financial Supervision Authority on 06/17/2025. The approval granted Agio Funds TFI permission to issue both series a and b investment certificates to ensure liquidity, Dom Maklarski Banku Okrani Saduaska's SA, whoo, that's a mouthful, has been designated as the market maker.
Quote, less than a month after our most recent new listing, we are introducing another ETF offering exposure to the world's largest cryptocurrency in a regulated and effective manner, stated Kamara's SPAC, CEO of Beta TFISA, and Beta ETF asset manager at Agio Funds. Quote, the ETF is our response to the growing demand from investors for new asset classes, and I believe that the Bitcoin beta ETF will meet market expectations and will be welcomed by investors. The launch of the Bitcoin beta ETF brings the total number of ETFs listed on the Warsaw Stock Exchange to 16. Wow.
These include funds tracking Polish indices such as the WIG twenty, the MWIG forty, and the SWIG eighty, as well as international benchmarks like the S and P five hundred, Nasdaq, etcetera, etcetera. ETF adoption in Poland has been growing rapidly. According to GPW data, turnover in ETFs has reached a 100 no. I'm sorry. 1,900,000,000.0 PLN what I guess that's the Polish money, year to date representing a 94.2% increase compared to the same period last year. By listing its first Bitcoin ETF, GPW joins global capital markets and has already embraced Bitcoin based products.
This listing reflects rising demand from institutional and retail investors. So there you go. It's all the news that you can use here at the Bitcoin and show, and I hope you have a wonderful weekend. I'll see you on the other side. This has been Bitcoin and and I'm your host, David Bennett. I hope you enjoyed today's episode and hope to see you again real soon. Have a great day.
Opening rundown: today’s topics and headlines
Market check: commodities, indices, and Bitcoin metrics
Wrap-up and sign-off