UPDATE: a lot people posting/reporting that @ProShares will be launching XRP ETFs on April 30th. We’ve confirmed that’s not the case. We don’t have a confirmed launch date yet but we believe they will launch — and likely launch in the short or possibly medium term.
US ETFs purchased a combined 9,584 BTC yesterday and 4,361 the day before. Strategy acquired 6,556 over the weekend and more corporates entering. Reminder only 450 BTC are mined daily. “Get some / get yours” if you can, while you still can
@Bitcoin_Laws
@BitcoinMagazine
Trump wants to fire Powell. The dollar’s sliding ⬇️ And sovereigns may be buying bitcoin 🤑
In this week’s @bitsandbips: a high-stakes macro standoff with massive implications.
🎧 With @lowbeta_ @krugermacro @ramahluwalia and @Steven_Ehrlich
Timestamps:
👋 0:00 Intro
👀 3:44
There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff
No Second Best? Bitcoin ETFs command 90% of all the crypto fund assets globally. While a TON of alt/meme coin ETFs are likely going to hit market this year, they will only make minor dent, bitcoin likely to retain at least 80-85% share long-term via @JSeyff
Schwab CEO expects to launch direct spot crypto trading w/in next 12mos…
As I’ve said numerous times in past, spot crypto trading will be table stakes for every major brokerage.
via @RIABiz
Bitcoin Is Outperforming Wall Street as ETFs Surge: Check Out My Latest Interview With @JSeyff James Seyffart of Bloomberg Intelligence Including What Makes For A Successful ETF! 👇
$NODE is such a good ticker. Elite even.
😵💫 “Out of whack”
😳 “Literally tomorrow, Trump could just 180 everything”
🙃 “I might have to visit a psychiatrist”
😵 “I imagine everyone’s as exhausted as I am”
@JSeyff, @joemccann, @ramahluwalia & @noelleinmadrid parse the dizzying saga of Trump’s tariffs 🌶️
📉🐂 Animal spirits are missing. Markets are weak.
So what brings them back?
A tax cut? A Trump pre-election put?
@JSeyff, @joemccann, @ramahluwalia & @NoelleInMadrid break it all down on @bitsandbips 🎧
Timestamps:
🥊 1:52 Who won the All-In Sacks vs. Summers debate?
🌍 8:03
Not just $SPY showing normalization in the markets. Broader volumes in general and ETFs as a % of overall volume coming down to normal levels below 30% as well. Things were still quite elevated as recently as Friday though.
Yesterday was Bits & Bips first Monday livestream!
@JSeyff did a masterful job with the moderation and the choreography and, yeah, I think it’s more fun and hopefully more useful live – what do you think? @joemccann @ramahluwalia @laurashin
(link below)
Great research piece on the size of lending in crypto markets.
initial thoughts:
1. we're way below peak levels in 2022.
1a. If you account for size of market (aka crypto & BTC market cap) It's likely even smaller as a ratio than this chart suggests...?
Our ETF of the Month is.. (drum roll).. The Themes Gold Miners ETF, ex-US gold miner stocks, which is in Tariff Tantrum sweet spot, up 50% YTD and 100% since launching 16mo ago, almost double big dog $GDX. Starting see flows/volume too via @SirYappityyapp
Many know @JSeyff for his clairvoyant crypto ETF predictions, but in his 'day job' he's tracking the entire ETF market, mining the data for insights on where asset prices are headed.
On today's @defidecodedpod James gives us a masterclass on why retail is buying the dip, what
Thanks for having me @alextapscott ! We got into what's happened this week in ETFs more broadly but obviously dove into more crypto specific topics as well.
