Howdy

We’ve got 3 points we’re hitting this week, lets go.

1. Launch party/ Q&A session for IRA’s!

2. Christmas Contest results!

3. Bitcoin ETF’s

Composer IRA’s have an official full-release date

You heard it here first! (Unless you’re on the Discord and read your notifications, then you’re reading it here second.) The full release of IRA accounts for the general public is set for January 22nd, 2024, 1 week from publishing! To celebrate the occasion, the Community is hosting a call with some members of Composer Staff to celebrate, and help answer any questions about the process you may have! Join us over on the server for more info and details!

The Christmas Bonus Contest has finished!

Finished, winner announced, and paid out! This years prize goes to Master Architect @HinnomTX who put together a strategy that was just the right amount of unique, performant, and simple enough for me and @JasonKoz to be okay with running it (relatively) unmodified! Here’s his entry, "Love FNGU, SVXY JEDI" in all its glory!

Talks are already underway for more community funded competitions, with some exciting news coming in the future from the InvestorsCollaborative team on this front too!

Spot Bitcoin ETF’s are officially legal.

After an apparent hacker trolled the entirety of the bitcoin sphere the day prior, a long awaited announcement about the legality of spot Bitcoin ETF’s. Within days, they had already attracted billions in volume to the various tickers, started by seemingly every major ETF custodian on Wall Street.

Notable exception being Vanguard, who banned all crypto ETF’s from their platform. Rather extreme, but relatively predictable given Vanguard’s target market of those looking for low cost, sensible and stable investment vehicles.

The other interesting point to this was the rather extreme nose-dive BTC and associated tickers like $MARA took. Funds flowing out of mining companies and in to Bitcoin-backed assets is far from the hardest thing to imagine, though not many seemed to be predicting this as the outcome of the decision to legalize ETF’s. Some members of the community truly felt this pain, with some of the more degenerate BTC strategies losing over 10% in a matter of days to close out the week.

Thats gonna do it for this week!

Join us next Monday for the IRA release Q&A, and let me know what questions you’ve got on the topic that haven’t been answered down in the comments below! If you’re not already in the Community, what are you even doing here? Join us, and get conversations like this one 24/7!