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OVERVIEW

Less And Less BTC For You And Me 📉 

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

New In Three Sentences
Crypto News 📰

🤑 MicroStrategy’s Debt-for-Bitcoin Gambit: Bold or Reckless?

Michael Saylor’s Bitcoin obsession now totals $30B in holdings, funded by $3B in fresh debt—and critics are clutching their pearls over the long-term risks. If Bitcoin crashes, MicroStrategy might face a fire sale that would make 2008 look tame. But Saylor isn’t sweating it, happily reminding everyone that Bitcoin can go to zero… and he’d still HODL. CryptoDNES.

⚡ Sui Teams Up With Franklin Templeton Because DeFi Needs Grown-Ups

Sui’s blockchain bagged a strategic partner in Franklin Templeton, a boomer-friendly financial giant now funding projects like Deepbook. Sui’s DeFi ecosystem flexed its muscles this year with a 675% TVL boost and 956% more transactions, making it one of the fastest-growing chains around. Franklin’s support says what we all know: TradFi’s finally scared of being left behind. CryptoEconomy.

📈 Cboe Rolls Out Spot Bitcoin ETF Options, Let the Games Begin

Cboe is dropping the first cash-settled options tied to spot Bitcoin ETFs on Dec. 2, so you can now gamble on Bitcoin volatility without even owning it. These European-style options cater to retail and institutional players alike, because who doesn’t love fresh ways to lose money? CBOE news.

BITCOIN
Less And Less BTC For You And Me 📉 

First things first: as I’m writing this Litepaper, Bitcoin hit $99.5k. It’s entirely possible and probable that the crypto gods will not let $100k be hit by the time this Litepaper goes out, to only have it hit $100k after I finally send it out. 🤦 

So there it is - but the main focus of this article is about the supply of Bitocin on exchanges, so it will be short and sweet.

How much Bitcoin is available on the exchanges?

Only 1.66 million. What percentage of Bitcoin’s total supply does that represent?

Less than 8.5%. Supply shock incoming? Who knows. One thing we do know is the supply continues to drop and the speed of its descent is accelerating. ⏬ 

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Do you know about the Bitcoin Mini?

Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. Investing involves significant risk, including possible loss of principal. An investment in BTC is subject to a high degree of risk and heighted volatility. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment. An investment in BTC is not an investment in Bitcoin.

Grayscale Bitcoin Mini Trust ETF aka the Bitcoin Mini (fund ticker: BTC) is the most cost-effective way to gain exposure to Bitcoin directly through your existing brokerage or retirement account (it has the lowest fee* of all spot Bitcoin funds in the market). Invest the same way you would invest in any other stock or ETF (though, brokerage fees may still apply). That’s right —you don’t need a separate crypto wallet or account on a crypto exchange!

Simply search ‘BTC’ on your preferred trading platform, or click here to learn more.

Grayscale is a crypto-focused asset manager and has been offering exposure to crypto through investment products for over a decade.

^3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.  *Low fee based on gross expense ratio at .15%.