Form 13F

The data supports it.

So in particular, the 13F filing data, institutional investors have to file these reports called 13F filings every quarter talking and disclosing what their positions are.

And, you know, they don't have to disclose, I guess, for spot like Bitcoin.

We never got quarterly filings by like Coinbase telling us who owned all the Bitcoin.

um you know knock on wood here has not been found to have any serious vulnerabilities and just today coinbase's cso chief security officer published that they had run bitcoin core through all the top frontier cyber models and found only two minor vulnerabilities which they responsibly disclosed so i i checked that as bitcoin core mark safe right from the ai so again that can change new versions come out they're gonna have to be tested but um i i think that's um one of the things to watch but again doesn't look too bad here and you know we're getting through it i i would say you know most of the risk frankly that's been really troubling to me on ai and bitcoin cyber has been hardware wallet stuff and you know it's getting patched and but again not one sat was taken from a multi-sig in the cold card exploit so there are ways to mitigate that as well

couldn't agree more okay What is your speculation on what the Q3 inflows or institutional perspective of Bitcoin? What do you think that's going to look like?

So we expect, so the 13F filings are due, I believe, 45 days after quarter close, which is November 16th.

And unfortunately, historically, all the biggest holders file on the very last day.

Yeah, just that you can see in the 13F filings.

I'm very much looking forward to, ironically, also mid-November is the due date for the Q3 13F filings.

Those are the filings that institutional investors have to make to disclose their positions.

And of course, the Bitcoin ETFs are disclosed in those filings.

Does he still hold it? We don't know.

This is the problem with 13Fs.

But- Druck had a ton, but the real reason it's relevant is that there is a potential comparable election that could be going on that is rather close to us trading US markets in 2028.

And look, I don't know if we're going to dip 30% in a fucking day on AOC 28, but I don't know.

They need to file this quarterly with the SEC.

Yeah, the 13F, right? The 13F sounds right to me.

And I'm going to be a little bit, I'm not a humble person.

I'm a law professor.

And in this case, because I don't have inside information, I don't know precisely what happened.

But I do know that it was a bad and harmful move for the church because the church did violate the Securities Act.

A $5 million fine admittedly divided $4 million and $1 million for this particular 13F violation.

From what I can see, 13F violations often are in the hundreds of thousands of dollars for the

So we're looking out... two to three, maximum four weeks.

And so we eliminate through 13Fs like 90% of the market.

So we go from like 6,500 companies to way under 600 companies.

And then we start looking at what strikes, where are there mispricings among all of these? And we had to, of course, use a lot of technology and we automated it, which is terrific.

So I was like, I still need to do my 13F analysis, which is the beginning of our process.

So we started to automate this.

So who are the investors? What are the 13Fs? Compare the two files.

Tell me what changed.

Same thing if we look at the if we look at the.

The 13F filings, and we expect Q3 to be fully reported in November 16th, but this goes through Q2.

Look at all the funds that have reduced.

It's Millennium, Brevin, Goldman, Schoenfeld, Capula, D.E. Shaw.