Wow. Way too many questions and this stuff goes pretty deep in the weeds. So i'll keep it high level and answer "What does this mean?"
Not all that much for individual retail investors. Mostly what it means is that ETFs should trade even more efficiently than they already do… pic.twitter.com/LWYsKmo5sH
— James Seyffart (@JSeyff) January 24, 2025
Coin Prices
BTC
$96,777.00
-0.17%ETH
$2,817.40
4.52%XRP
$2.71
-0.60%BNB
$680.37
0.81%SOL
$184.23
-3.20%USDC
$0.999936
0.00%DOGE
$0.267194
-0.23%ADA
$0.823786
6.79%STETH
$2,816.26
4.76%TRX
$0.244986
1.44%LINK
$19.62
3.78%WBTC
$96,544.00
-0.26%WSTETH
$3,342.99
4.07%AVAX
$25.79
2.56%XLM
$0.344513
0.14%SUI
$3.33
-0.37%TON
$3.84
1.53%SHIB
$0.00001619
0.74%LTC
$124.06
-3.01%HBAR
$0.22283
0.19%LEO
$9.78
-0.32%USDS
$0.999935
0.01%HYPE
$26.28
0.70%WETH
$2,816.87
4.60%DOT
$5.02
1.48%OM
$7.44
-1.72%YAYSTONE
$2,811.06
2.26%BCH
$334.25
0.91%BGB
$5.12
2.66%UNI
$10.10
3.19%USDE
$0.999395
-0.05%WEETH
$2,986.17
4.69%PEPE
$0.00001043
5.93%XMR
$236.98
2.20%AAVE
$276.24
8.52%NEAR
$3.46
-0.51%ONDO
$1.29
0.32%WBT
$27.28
0.61%APT
$6.11
3.55%TRUMP
$17.89
-4.84%MNT
$1.043
1.56%ICP
$7.20
2.86%SUSDS
$1.046
1.01%ETC
$21.42
4.33%TAO
$374.14
2.48%OKB
$51.39
-0.42%GT
$23.31
0.46%POL
$0.332097
2.05%KAS
$0.109368
0.46%VET
$0.03429175
2.59%TKX
$32.53
2.05%CBBTC
$96,663.00
-0.37%CRO
$0.090655
3.17%RENDER
$4.65
2.72%ALGO
$0.281266
1.61%ARB
$0.507906
5.50%FIL
$3.49
1.95%JUP
$0.835301
-4.53%ATOM
$4.91
1.37%FDUSD
$0.998396
-0.21%FET
$0.799698
0.97%LBTC
$98,072.00
0.97%S
$0.596203
15.18%LDO
$1.93
7.19%WETH
$2,819.23
4.42%FTN
$3.94
0.04%TIA
$3.18
4.48%RSETH
$2,916.10
4.51%OP
$1.19
5.41%INJ
$15.99
7.32%XDC
$0.097265
-0.38%KCS
$12.18
-0.18%ENA
$0.473967
4.25%IMX
$0.850907
4.75%BNSOL
$190.86
-3.16%SOLVBTC
$96,574.00
0.21%STX
$0.954417
1.89%RETH
$3,157.57
4.52%RAY
$4.89
-3.15%QNT
$97.15
2.56%GRT
$0.147652
4.95%THETA
$1.38
1.72%NEXO
$1.35
-0.31%MOVE
$0.559756
1.72%BONK
$0.00001738
-0.98%METH
$2,972.52
4.48%WLD
$1.26
2.48%FLR
$0.02149488
-0.28%USD0
$0.997741
0.07%JASMY
$0.0231281
4.45%SEI
$0.239596
1.41%DEXE
$17.91
2.40%SOLVBTC.BBN
$96,016.00
0.60%GALA
$0.02328542
1.71%SAND
$0.408548
3.62%EOS
$0.649305
2.15%FLOKI
$0.00009917
4.32%XTZ
$0.916364
2.66%TEL
$0.01208708
7.47%ENS
$28.23
6.73%MSOL
$233.46
-3.18%EZETH
$2,915.19
4.50%MKR
$1,052.96
4.25%BTT
$0.00000088
0.25%JTO
$2.92
-3.87%IOTA
$0.237478
2.53%WBNB
$680.86
0.57%FLOW
$0.531933
2.02%RON
$1.32
4.22%CAKE
$2.77
1.34%BSV
$40.21
1.78%VIRTUAL
$1.23
-3.64%NEO
$11.23
1.54%PYTH
$0.216599
1.90%KAIA
$0.133912
2.00%WBTC
$96,731.00
-0.05%JUPSOL
$199.92
-3.34%USDD
$1.00
0.00%XCN
$0.02234135
-1.96%AXS
$4.53
2.18%XAUT
$2,900.11
0.61%CMETH
$2,972.61
4.60%CRV
$0.540932
6.99%WIF
$0.688291
3.28%DOGE
$0.267258
-0.47%SPX
$0.720993
-0.17%HNT
$3.75
-0.48%WETH
$2,820.93
4.71%AERO
$0.847056
1.96%BERA
$6.07
9.17%EGLD
$23.18
2.90%PYUSD
$1.001
0.04%MANA
$0.341128
2.10%FRAX
$0.995946
-0.06%AR
$9.63
2.39%USDX
$0.999222
0.19%PENGU
$0.00986919
0.53%STRK
$0.23969
4.26%PENDLE
$3.69
3.49%PAXG
$2,921.18
0.79%CFX
$0.121859
1.52%MATIC
$0.331954
1.77%DYDX
$0.810773
2.38%BEAM
$0.01105235
3.77%CHZ
$0.061595
2.77%USR
$1.001
-0.02%PUMPBTC
$96,205.00
0.99%EETH
$2,797.32
4.07%ZEC
$35.95
13.18%WETH
$2,817.01
4.63%MEOW
$0.00621869
-5.54%INSURANCE
$29.33
-0.46%CORE
$0.54629
0.92%APE
$0.746085
2.88%XEC
$0.000027
1.70%W
$0.182529
2.59%BDX
$0.075619
0.60%AIOZ
$0.441732
2.15%KAVA
$0.470469
-2.09%COMP
$57.10
1.12%AB
$0.01103104
1.19%TUSD
$0.99837
0.08%MORPHO
$2.20
4.94%CLBTC
$97,306.00
0.31%AMP
$0.00574017
1.25%BTC.B
$96,766.00
-0.37%RSR
$0.00866483
3.02%AKT
$1.92
0.95%IP
$1.86
13.22%EIGEN
$1.88
15.54%GNO
$176.23
2.33%NFT
$0.00000046
1.54%BRETT
$0.04566146
3.43%BERASTONE
$2,794.30
4.76%VRSC
$5.74
4.48%AXL
$0.489942
4.50%RUNE
$1.27
-5.03%FARTCOIN
$0.446612
4.00%TBTC
$96,652.00
-0.10%CHEX
$0.44154
4.70%QAI
$84.71
-0.48%MINA
$0.361504
1.92%TWT
$1.042
1.86%LUNC
$0.0000791
3.36%AI16Z
$0.393232
-1.74%USDC.E
$0.999938
0.02%SUPEROETHB
$2,809.57
4.37%ZK
$0.114234
4.71%CBETH
$3,073.54
4.70%OHM
$25.33
1.94%BUIDL
$1.00
0.00%USDB
$0.999721
0.05%USYC
$1.078
0.00%WOULD
$0.404717
12.32%WETH
$2,813.30
4.39%GRASS
$1.62
-0.28%KET
$0.398445
0.11%AIC
$0.388074
15.53%1INCH
$0.275004
2.19%ETHX
$2,964.31
4.63%SNEK
$0.0050545
2.89%USDY
$1.079
-0.04%FRXETH
$2,805.04
4.36%SWETH
$3,051.90
4.77%MOG
$0.00000093
16.16%PRIME
$6.66
2.20%ETHDYDX
$0.809145
2.28%DEEP
$0.140618
-2.82%SNX
$1.035
3.86%QTUM
$3.32
3.48%CTC
$0.813652
1.15%ZRO
$3.07
3.87%JST
$0.03438718
0.99%TFUEL
$0.04956796
0.07%SAFE
$0.625671
1.96%EBTC
$98,014.00
1.11%WEMIX
$0.80443
3.37%SFP
$0.667419
0.13%KSM
$20.68
1.72%CWBTC
$1,943.02
-0.20%MX
$3.48
0.26%DASH
$27.18
1.23%BUSD
$1.014
0.28%OSETH
$2,926.46
4.59%GLM
$0.325266
-9.81%SUPER
$0.716211
-3.93%BLUR
$0.146247
3.56%CKB
$0.00698723
11.67%HONEY
$1.003
0.45%TOSHI
$0.00074451
8.63%WBTC
$96,625.00
-0.28%LPT
$8.22
1.55%NOT
$0.00305594
0.89%ASTR
$0.04100555
2.62%LSETH
$3,031.41
4.16%VTHO
$0.00351837
-2.32%PTGC
$0.00101911
13.30%GIGA
$0.03150367
-1.46%ROSE
$0.04464864
2.97%HOT
$0.00166795
2.15%SFRXETH
$3,134.74
4.59%ZIL
$0.01507012
1.52%OUSG
$110.00
0.01%DOG
$0.0029069
0.11%FLUID
$7.33
10.10%ZRX
$0.340749
3.89%POPCAT
$0.293294
-3.52%BABYDOGE
$0.00
2.41%