Crypto Research
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EXECUTIVE SUMMARY Hyperion Decimus is a diversified quantitative digital asset manager dedicated to delivering long-term value to investors. The team adopts a data driven approach to crypto investing, boasts expertise in market structure, and provides a qualitative industry perspective unique to seasoned veterans. Hyperion's flagship Libertas Fund aims to secure long-term absolute returns, compound gains, participate in market uptrends, hedge against economic shocks, and provide institutional grade fiduciary management. Click...
SEC Delays Fidelity's Ether ETF Decision, Solana Mobile's Chapter 2 Exceeds Preorder Expectations
U.S. equities are ending the week on a strong note, with the SPY and QQQ both rallying more than 0.75% on the back of encouraging UMich Consumer Confidence Data, showing the highest mark since 2021 amid expectations of inflation easing and rates declining. Crypto markets are not sharing the confidence as the market continues to absorb large amounts of Bitcoin sales due to GBTC outflows ($2.2 billion). Total flows remain...
In this week's Crypto Comments video, we discuss our 2024 outlook anticipating an accelerating crypto cycle with new all-time highs for the majors, potential short-term market challenges, and strong year-end performance for crypto equities in relation to Bitcoin. Click HERE for our full Crypto Strategy note.
OUTLOOK OVERVIEW Thank you to everyone who joined our annual outlook call this week. We were fortunate to have a lot of success last year in helping our clients and subscribers navigate the crypto market and we look forward to leveling up again this year. For those who missed the outlook, the replay is now available, along with the deck, but a quick summary of our outlook is below.Big Takeaway:...
BTC continues to drift lower, falling 2.6% over the last day to $41.4k. Bitcoin has dropped by up to 15% after peaking the same day as the highly anticipated ETF listing. This decline is partly attributed to withdrawals from Grayscale's Bitcoin Trust and miner selling. The trading volume for spot bitcoin ETFs reached almost $2.2 billion yesterday, a slight increase from Tuesday's $1.8 billion but significantly lower than the $3...
Dencun Upgrade Pushed to Goerli Testnet, Core Scientific Approved to Emerge from Chapter 11
U.S. equity indices are declining today after retail sales data spiked (0.6% MoM vs. 0.4% exp.), and the DXY (+0.18%) continues to show strength above $103. The SPY and QQQ have fallen 0.74% and 1.02%, respectively. Crypto markets are performing similarly, with BTC (-1.86%) trading around $42k and ETH (-2.30%) holding near $2,500. Render (RNDR) and Chainlink (LINK -9.69% ) are two of the top performers today, potentially attributable to protocol-specific catalysts....
Equities are falling while rates gain after comments from Fed Governor Waller suggested that central bank policy will ease slower than the market is anticipating. The 10-year Treasury yield jumped to 4.07% while the dollar index gained 0.7% to reach 103.4. BTC is up 1% today, stabilizing at $43k after volatile price action from last weekâs spot ETF launches, which saw it rally to $49k only to fall 15% to...
The cryptocurrency market is currently experiencing a downturn, falling 3% overall. Ethereum and select ecosystem projects are bucking the trend, with ETH relatively flat in the last day, trading 0.2% lower at ~$2.6k and hitting a two-month high against Bitcoin as ETHBTC reaches 0.059. Outperformers in the top 100 include ETH NFT marketplace BLUR (+8.7%), layer-two OP -6.75% (+6.8%), and ETH domain service ENS 0.27% (5.2%). In contrast, BTC is noticeably underperforming,...
INITIAL THOUGHTS ON ETF LAUNCHES The past week has marked a pivotal moment in the evolution of the crypto industry, a testament to the remarkable journey of an asset class that emerged from a distrubuted community of open source software developers just 15 years ago. This was evidenced by the successful launch of all 11 eligible Bitcoin ETFs on Thursday morning. Assessing the success of an ETF launch is a...
At long last, all eleven spot Bitcoin ETF applications have been approved! They all began trading this morning, and trading volumes have been impressive thus far. According to Bloomberg Senior Analyst Eric Balchunas, Grayscale and Blackrock are leading the pack, accounting for $1.7 billion in trading volume out of the $2.3 billion total (not including BITO). Investors will be eyeing ETF inflows, which will be calculated once share counts are...
