Not Wise to Fade the MSTR Bid, Nakamoto Upgrade Goes Live
Oct 31, 2024
• 7
Min Read
Author
AVAX
-1.10%
BNB
3.72%
BONK
-0.75%
BTC
1.79%
CORE
N/A%
ETH
0.48%
HNT
-1.08%
JTO
-4.76%
MKR
5.47%
RAY
-6.65%
SOL
0.78%
STX
N/A%
XRP
0.46%
BITW
-3.3%
BTBT
+4.74%
CLSK
+12.99%
COIN
+11.78%
CORZ
+7.58%
HIVE
+10.78%
HOOD
+7.35%
HUT
+8.43%
IREN
+7.94%
MARA
+4.8%
MSTR
+2.68%
RIOT
+8.09%
SMLR
-3.54%
WULF
+8.4%
BTC ETFs See Massive Inflows: Is Crypto Native Capital Sidelined?
BTC ETFs saw over $2.2 billion in net inflows across all spot ETFs from Monday through Wednesday of this week—the largest three-day sum of inflows since the products launched in January—bringing the five-day moving average to north of $500 million. This is certainly impressive and speaks to the explosive breakout we have seen this week.
We've also seen the annualized CME basis move expeditiously higher to above 12%. This is a good reminder that not all of the inflows into the ETFs are direct...