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January 17, 2024

"Every informed person needs to know about bitcoin because it might be one of the world’s most important developments."

- Leon Louw

Howdy, investors!

• With 11 new spot bitcoin ETFs now available to investors, we've updated our guide to the top bitcoin ETFs. Enjoy the expanded choice!

• We've published the Q4 update for our Future Winners Portfolio, which is available now for Premium Members.

• Circle has recently released its 2024 State of the USDC economy, highlighting the growth of the stablecoin in 2023.

• Coin Metrics does a nice job highlighting on-chain bitcoin data that can be useful for investors in the new spot bitcoin ETFs.

• The IRS may have backtracked on its recent $10k crypto tax rule, stating that the measure is not yet in effect and awaits a lengthy regulatory process.

Read on to explore more!

The New Bitcoin ETFs: How to Invest in 2024

by Preetam Kaushik

It's official: the SEC has approved spot bitcoin ETFs. (Eleven, to be exact.) This revolutionary step will reshape how bitcoin and crypto are accepted in the traditional financial system.

In today's feature, we're covering this decision and the rise of bitcoin ETFs, along with unpacking all the bitcoin ETFs now on the market.

Read on to learn more about the new ETFs >>

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Future Winners Portfolio:

Q4 Results

Our Future Winners Portfolio began two and a half years ago in response to our readers who wanted an all-crypto portfolio. Our portfolio made exciting gains overall in 2023, and as long-term investors, we believe this quarter's performance is another significant step in a long-term journey (5+ years).

We've just released our Q4 2023 Future Winners portfolio report, which Premium Members can download here.

Not yet a Premium member? Sign up now and get access to our monthly best buys, our exclusive crypto investing strategies, and our monthly BMJ token drops!

Must Read

Today's most important stories for crypto investors.

State of the USDC Economy (Circle)

In this report, Circle predicts a future where millions of businesses and billions of individuals will use the open Web3 internet layer for transactions powered by USDC, reshaping finance and opening up the potential for future investments. (Also, Circle just announced an IPO -- stay tuned for more info!)

A Short Guide to Bitcoin On-Chain Data for ETF Newcomers (Coin Metrics)

Coin Metrics guides newcomers who may need help understanding the nuances of on-chain data. They highlight the unique transparency of bitcoin's on-chain data, which can be helpful for investors who are considering buying one of the new bitcoin ETFs.

IRS Says it Won't Enforce $10k Crypto Tax Rule - For Now (Decrypt)

Weeks after concerns arose about a new law potentially penalizing Americans for not reporting crypto transactions over $10,000, the IRS clarified that the measure is still waiting to go through a years-long regulatory process. (Don't miss our easy-to-read guide on which crypto transactions are taxable.)

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Click here to see our current staking yields, updated weekly.

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Better analytics leads to better investments.

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Before investing, check out our guide to $MSTR.

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Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.

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