March will be lit:
1. Reverse repo ends
2. BTFP expires
3. Fed cuts (allegedly)
4. QT ends (allegedly)
5. Bitcoin halving
1. Reverse repo ends
2. BTFP expires
3. Fed cuts (allegedly)
4. QT ends (allegedly)
5. Bitcoin halving
Starting this week, #bitcoin will never be the same:
- bitcoin culture is set to dramatically expand (and fracture between users and investors?)
- existing btc trading world will be significantly impacted by ETFs as tradfi PBs offer margin, options on them
- volatility will likely dampen, along with inter-crypto cyclicality given AUM stickiness
- geopolitical importance will increase as ownership expands
__ Alex Thorn
- bitcoin culture is set to dramatically expand (and fracture between users and investors?)
- existing btc trading world will be significantly impacted by ETFs as tradfi PBs offer margin, options on them
- volatility will likely dampen, along with inter-crypto cyclicality given AUM stickiness
- geopolitical importance will increase as ownership expands
__ Alex Thorn
Valkyrie Investments co-founder Steven McClurg said the spot Bitcoin ETF is expected to receive SEC approval by the end of Wednesday and begin trading Thursday morning, with the first 10 ETFs launching at the same time. It could see $4 billion to $5 billion in inflows in the first few weeks.
- The Block
- The Block
Top 5 spot Bitcoin ETF trading volumes today:
Grayscale: $2.3 billion
BlackRock: $1 billion
Fidelity: $700 million
ARK 21Shares: $288 million
Bitwise: $125 million
The institutions are here 🚀
Grayscale: $2.3 billion
BlackRock: $1 billion
Fidelity: $700 million
ARK 21Shares: $288 million
Bitwise: $125 million
The institutions are here 🚀
SkyBridge Capital founder Anthony Scaramucci said that the recent downturn in Bitcoin is partly due to selling pressure from Grayscale's GBTC and the FTX position, but he expects the selling pressure to be resolved in the next six to eight trading days.