The Bitcoin ETF Is Here & OpenAI Opens a GPT Store
Jan 11, 2024
27:40
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SEC approving rule changes for Bitcoin ETFs, OpenAI opening a GPT store, quarter million nanoplastics found in water bottles, snow shortage impacting businesses worldwide, Girl Scout Cookie season is back.
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Quick takeaways
The legalization of weed in a state can influence college decision-making, leading to a significant increase in college applications for both smaller and larger schools.
The SEC's approval of Bitcoin ETFs marks a milestone in the convergence of traditional finance and crypto, providing wider accessibility to Bitcoin investments and sparking a fee battle among ETF issuers.
Deep dives
Legalized weed and college admissions
A peer reviewed study found that the legalization of recreational weed in a state led to a 5.5% increase in college applications for that state's colleges compared to non-legal states. For larger schools, applications jumped nearly 54%. This research indicates that external factors, such as the legalization of weed, can influence college decision-making.
Bitcoin ETFs approved by the SEC
The SEC approved 11 Bitcoin exchange-traded funds (ETFs), including BlackRock's, opening up Bitcoin to a wider range of investors without them needing to directly own the asset. The approval marks a significant milestone in the merging of traditional finance with the world of crypto. The ETFs are expected to attract billions of dollars in investments, and the competition among issuers has led to a fee battle, with some ETFs offering fees as low as 0.2%.
Plastic contamination in bottled water
A new study found that there are 10 to 100 times more plastic fragments in bottled water than previously estimated. These plastic fragments, including nano plastics, can easily enter the body's tissues and potentially have negative health impacts. The study raises concerns about the widespread use of plastic water bottles and the potential sources of microplastics, which could include the bottles themselves or filtration systems used to produce the water.
Episode 233: Neal and Toby discuss the SEC approving rule changes paving the way for Bitcoin ETFs and why OpenAI is opening a store for custom GPT chatbots. Plus, scientists find about a quarter of a million pieces of nanoplastic in water bottles. Neal shares his favorite numbers and how is the snow shortage impacting businesses around the globe? Finally, Girl Scout Cookie season is so back.