The ETFs got here and yesterday’s quantity numbers have been large however not as large as I believed they might be for a number of the most-hyped monetary merchandise ever created.

Now the ache commerce is hitting with bitcoin down almost 6%.

I additionally marvel — if on-exchange ETF consumers are actually the marginal purchaser, what occurs on the weekend? And do not forget that it is a three-day weekend within the US.

Within the greater image, bitcoin ran to $49K from $30K on ETF hype. In the event you’re shopping for right this moment, what’s your catalyst? The halvening is three months away and I would argue it ought to be priced in anyway. Rates of interest falling might be bullish however if you wish to wager on rates of interest falling… why not place trades straight within the charges market?