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Flight to Quality

Oct 20, 2023
Author
Sean Farrell
Sean Farrell AC

Today's video discusses the significant rally in Grayscale's Trust products, $GBTC, $EHTE, and spot $BTC, fueled by the SEC's decision not to appeal the Grayscale case. We note an increase in the aggregate market capitalization of the top 10 stablecoins and the third consecutive week of inflows into digital asset ETPs, which suggest that flows into the crypto economy might be improving. Finally, we dive into the factors affecting the performance of some of the assets in our Core Strategy, with $SOL soaring 25% since being re-added at the end of September and $ETH lagging due to subdued on-chain activity.

For our latest Crypto Strategy note click here.

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