Bitcoin Price Thread

[SunTrader]

MAY 28, 2024
Do Exchange‑Traded Products Improve Bitcoin Trading?

https://libertystreeteconomics.newy...ange-traded-products-improve-bitcoin-trading/

............


For the TLDR crowd like myself sometimes, cut to the chase:-

Summing Up
Bitcoin ETPs have thus far demonstrated some potential for greater liquidity and price efficiency, although their volumes have been lower than other bitcoin trading products. Looking ahead, market observers expect additional new bitcoin products, such as funds that add derivative overlays to existing spot bitcoin ETPs. Several fund managers have submitted applications to launch ETPs holding ether, the second largest crypto asset by market capitalization, though it is far from certain whether they will be approved.

 

[wxytrader]

(BLOOMBERG)

Bitcoin slide
Elsewhere, Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors. The original cryptocurrency dropped as much as 3.1% and was trading at about $67,850. The weakness spread to smaller coins, including second-ranked Ether.

Once again the news is facilitating what the chart has been showing for over a month. By the time you guys get the news I have already charted the outcome months prior lol.

 

[semperfrosty]

 

[johnarb]

Fomo to the next public company that announces a bitcoin treasury strategy, nfa tho

 

[orbit23]

Fomo to the next public company that announces a bitcoin treasury strategy, nfa tho


View attachment 341152

https://twitter.com/x/status/1795606476477849781

 

[semperfrosty]

https://twitter.com/x/status/1795606476477849781

Tell me you have no idea,without telling me you have no idea.

 

[SunTrader]

https://twitter.com/x/status/1795606476477849781

Shiffty math I suppose.

About 40% would need to be sold.

 

[long]

I recently watched a video that said the ETFs don’t actually have to buy BTC immediately when you purchase a share of the ETF. It said they have like 30 days or something like that. Is that true?

 

[ph1l]

I recently watched a video that said the ETFs don’t actually have to buy BTC immediately when you purchase a share of the ETF. It said they have like 30 days or something like that. Is that true?

Retail traders buying spot bitcoin ETFs have no effect on the number of bitcoins the ETFs hold. The ETFs buy bitcoin when authorized participants cause the ETF to issue new shares.

 

[long]

Retail traders buying spot bitcoin ETFs have no effect on the number of bitcoins the ETFs hold. The ETFs buy bitcoin when authorized participants cause the ETF to issue new shares.

Sketchy