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
$117,975.00
0.12%ETH
$2,961.38
-0.14%XRP
$2.80
1.12%BNB
$690.35
-0.55%SOL
$162.55
-0.34%USDC
$0.9999
-0.01%DOGE
$0.199132
-1.00%TRX
$0.300407
-1.46%STETH
$2,957.94
-0.18%ADA
$0.739805
3.31%HYPE
$47.99
2.24%WBTC
$117,746.00
0.06%XLM
$0.446183
19.21%WSTETH
$3,576.30
-0.09%SUI
$3.43
-0.33%LINK
$15.34
0.38%BCH
$506.73
-2.35%HBAR
$0.226046
14.00%AVAX
$21.23
1.51%LEO
$9.03
-0.51%WEETH
$3,173.78
-0.15%SHIB
$0.00001322
-1.22%TON
$3.01
0.55%WETH
$2,962.31
-0.10%USDS
$0.999718
-0.02%LTC
$94.44
1.16%WBT
$46.19
-1.06%BSC-USD
$0.999568
-0.06%XMR
$339.33
1.57%DOT
$3.99
-0.01%CBBTC
$118,055.00
0.10%USDE
$1.00
-0.04%PEPE
$0.00001228
-1.92%BGB
$4.40
-0.62%UNI
$8.48
-1.15%AAVE
$303.91
0.59%TAO
$391.31
-0.67%PI
$0.467489
-0.88%APT
$4.98
1.73%CRO
$0.102802
-2.62%SUSDE
$1.18
0.03%NEAR
$2.52
-0.07%OKB
$48.87
0.65%ICP
$5.43
0.92%JITOSOL
$197.43
-0.48%ONDO
$0.894633
0.43%BUIDL
$1.00
0.00%ETC
$18.29
-1.22%KAS
$0.085781
0.16%SUSDS
$1.059
0.00%MNT
$0.664085
3.97%USD1
$0.999371
-0.08%ATOM
$4.67
-0.99%ENA
$0.332621
-1.40%POL
$0.233069
-0.71%VET
$0.02438865
-0.13%ALGO
$0.240646
8.59%ARB
$0.412872
1.85%TRUMP
$9.70
-1.48%FTN
$4.49
0.86%RENDER
$3.70
0.29%BONK
$0.00002473
12.28%GT
$15.95
-1.84%FET
$0.717912
1.29%SEI
$0.325721
-1.09%WLD
$1.042
0.09%WETH
$2,957.23
-0.28%FIL
$2.56
-0.96%LBTC
$117,739.00
0.01%QNT
$114.50
-1.88%SKY
$0.077665
-1.68%JLP
$4.73
-0.15%BNSOL
$172.55
-0.43%JUP
$0.488926
0.16%USDTB
$0.999769
0.02%FDUSD
$0.998639
0.04%KCS
$11.40
-0.63%PENGU
$0.02301429
-0.41%RSETH
$3,104.69
-0.12%SPX
$1.51
-4.64%RETH
$3,376.69
-0.06%USDT0
$1.00
0.01%TIA
$1.89
-1.10%NEXO
$1.28
0.07%IP
$4.32
-1.32%FARTCOIN
$1.24
-1.86%INJ
$12.54
-0.95%XDC
$0.072912
1.98%STX
$0.767003
1.73%FLR
$0.0167471
-1.94%OP
$0.655739
-0.37%S
$0.356483
-1.04%VIRTUAL
$1.71
-1.99%METH
$3,166.40
-0.33%OSETH
$3,112.12
-0.11%SOLVBTC
$117,704.00
0.09%USDT
$1.00
-0.03%USDC
$0.999409
-0.09%IMX
$0.531288
4.94%EZETH
$3,119.99
-0.05%GRT
$0.098274
0.38%WIF
$0.965717
-1.24%WBTC
$117,714.00
0.13%SYRUPUSDC
$1.11
0.05%PAXG
$3,351.42
0.17%TKX
$11.69
-3.01%FLOKI
$0.00009635
-0.42%M
$0.587439
-22.38%WBNB
$689.76
-0.69%KAIA
$0.156699
-2.56%CLBTC
$118,010.00
0.49%LSETH
$3,198.35
-0.15%PYUSD
$0.999545
0.00%CRV
$0.637371
0.17%A
$0.534975
-1.81%JUPSOL
$182.44
-0.48%XAUT
$3,351.92
0.03%CAKE
$2.38
-5.72%MSOL
$212.27
-0.46%THETA
$0.806406
-0.37%IOTA
$0.20496
6.97%GALA
$0.01705044
-0.71%LDO
$0.823516
-1.16%JASMY
$0.01518261
3.46%RAY
$2.74
0.45%USTB
$10.74
0.00%ENS
$21.80
-0.47%SAND
$0.2947
1.21%OUSG
$111.77
0.00%PYTH
$0.120707
2.10%ZEC
$42.89
0.79%JTO
$1.93
-1.64%USDX
$0.997907
-0.00%BTT
$0.00000068
-0.72%MOG
$0.00000171
3.86%XTZ
$0.635695
0.62%SAROS
$0.253992
0.60%SUPEROETH
$2,958.32
-0.19%AERO
$0.777213
-0.84%WHYPE
$48.02
2.06%PENDLE
$3.93
-0.66%CMETH
$3,165.57
-0.36%USDY
$1.092
-0.22%TBTC
$117,795.00
0.23%XSOLVBTC
$115,932.00
-0.62%FLOW
$0.384637
-0.71%WETH
$2,960.67
-0.16%CGETH.HASHKEY
$3,061.36
-0.80%MANA
$0.313123
0.43%USDF
$0.999593
0.06%AB
$0.0087963
-2.58%USD0
$0.997842
0.02%HNT
$3.15
4.51%XCN
$0.01684126
-3.27%BTC.B
$118,196.00
0.34%WAL
$0.401195
-0.80%MORPHO
$1.72
1.44%CORE
$0.540941
-2.69%BRETT
$0.05488
-3.32%STHYPE
$48.03
2.11%RUNE
$1.51
0.03%SYRUP
$0.488833
-3.92%APE
$0.657124
-1.34%BSV
$26.39
-1.52%B
$0.523231
-2.13%RLUSD
$0.999666
-0.01%CFX
$0.101099
1.56%DOGE
$0.199039
-1.25%WETH
$2,962.18
-0.11%USDD
$1.00
-0.02%STRK
$0.139243
-1.76%1INCH
$0.354399
27.01%TUSD
$0.998906
0.02%VENOM
$0.22334
0.57%KAVA
$0.428722
-0.40%RSR
$0.00791294
0.16%ETHX
$3,152.73
-0.05%BDX
$0.064351
3.92%DYDX
$0.605587
-0.91%DOG
$0.00452032
-1.14%USDC.E
$0.9999
-0.00%NFT
$0.00000045
-0.69%EGLD
$15.66
1.17%NEO
$6.28
-1.06%COMP
$46.87
-0.44%AIOZ
$0.365991
1.95%ETHFI
$1.16
1.02%DEXE
$7.57
0.10%CBETH
$3,266.57
-0.15%AR
$6.48
2.19%XEC
$0.00002108
-1.20%DEEP
$0.167534
-0.86%EIGEN
$1.33
-0.59%TEL
$0.00452131
2.74%AXS
$2.50
-0.55%USYC
$1.094
-0.01%EBTC
$117,668.00
0.01%USDB
$0.997167
-0.28%ZK
$0.055317
-1.19%MOVE
$0.151799
-1.91%SWETH
$3,241.29
-0.13%CHZ
$0.04039605
-0.79%USDT
$1.001
0.00%EOS
$0.534071
-1.89%EETH
$2,959.39
-0.25%KAITO
$1.55
-2.71%AKT
$1.36
8.15%DAI
$1.00
0.01%W
$0.078757
0.92%WETH
$2,962.42
-0.11%JST
$0.03649063
-1.55%FRXETH
$2,955.42
0.11%SUN
$0.01868779
0.55%BEAM
$0.00680249
-1.48%AXL
$0.356382
0.16%WBTC
$117,789.00
0.10%POPCAT
$0.360034
-1.53%USDG
$0.99971
-0.03%SUPER
$0.769633
4.76%BBSOL
$177.53
-0.43%OHM
$21.02
0.29%RON
$0.521455
-1.25%LUNC
$0.00006251
-1.27%MATIC
$0.232837
-0.61%KTA
$0.836336
-0.70%GNO
$128.11
-0.04%TRIP
$11.38
0.65%SAVAX
$25.94
1.97%TETH
$3,580.37
-0.09%GRASS
$1.12
-3.24%AMP
$0.00375007
-1.84%TWT
$0.756796
-0.29%FRAX
$0.999369
0.01%WAVAX
$21.34
2.01%ATH
$0.02937462
-1.63%BUSD
$0.999655
-0.08%CTC
$0.678933
0.33%GHO
$0.999522
-0.01%MOCA
$0.089871
17.82%USDO
$0.999498
-0.19%ABTC
$118,108.00
0.14%SAFE
$0.482578
1.42%CWBTC
$2,368.80
0.09%TURBO
$0.0042108
0.10%CUSDO
$1.02
-0.03%ETH+
$3,106.72
-0.12%DCR
$17.02
-0.66%KET
$0.28609
-6.24%