1/4
Morning update:
The market is starting to look good. Bitcoin started to bounce and the Coinbase Premium turned positive, signaling continuationπ
Diversitas is an actively managed strategy combining time-proven, investments like Gold, BTC, and ETH with the high-growth potential of the DeFi sector.
1/4
Morning update:
The market is starting to look good. Bitcoin started to bounce and the Coinbase Premium turned positive, signaling continuationπ
2/4
Same goes for the ETF flows, the only outflow yesterday was from the GBTC. As you can see they all had outflows the day before so this is a big improvementπ
Data for the Hong Kong ETFs is hard to get. All we know so far is that on day one, the total inflows were $292 million. Almost 30% of what Bloomberg predicted to flow in over the first 12 months. This is definitely a nice surprise. Letβs hope things continue this wayπͺ
@Snikkel the flows we are looking at are reported in BTC terms so the numbers vary but are far from what you are stating and closer to our numbers. On day one, they bought 3,901 $BTC. This number is in Bloomberg Terminal so should be correct.
And for the record, we do know that HKD is not equivalent to USD. One of our team members used to work in Hong Kong in the pastπ
Please note that the Hong Kong ETF inflow is in HKD (Hong-Kong dollar) and not in USD. Whale sponsored media uses the term dollar since it is a dollar. Just with lower value. 292M HKD = 37M USD
3/4
Bitcoin funding rates are currently negative. A perfect setup for a short squeeze. When the crowd is betting on lower prices in the middle of a bull run, this is usually a good time to buyπ€·ββοΈ$BTC
4/4
While the crowd is betting on lower prices, BlackRock organized a conference where they were educating pension funds, endowments, and sovereign wealth funds about the new spot bitcoin ETF productsπ They expect them to start investing over the coming weeks/monthπ
Please read this one more time. Pension Funds, Endowments, and Sovereign Wealth Funds. The big money is coming to buy the dipπ₯
Today's update will be posted later than usual. Expecting it to be live in roughly 2 hoursπ
I guess I am wrongly informed then. Thank you.