qfx According to Bloomberg Intelligence ETF analyst James Seyffart, the launch of the product seems very close, and he anticipates trading will start this week following Grayscale’s recent submission of its sixth amendment for the fund.
ETH, down 13% month-on-month, weeps softly into its digital hanky. But the true spectacle? Not the selling, oh no. It’s the cast of characters leaning against the tide, each with their own tragicomic flair. Behold the chain of events, as tangled as a cat in a yarn factory.
Key Takeaways:
Ah, the moving averages! Those fickle arbiters of fate. The 50-day and 100-day lines, once allies, now stand as barriers, mocking every feeble attempt at a rally. And the 200-day average? It remains a distant dream, a reminder of how far this once-proud asset has fallen. The Relative Strength Index, that melodramatic indicator, teeters in the mid-30s, hinting at oversold conditions but refusing to commit. Will it surrender? Or will it prolong the agony? Only time, that indifferent spectator, will tell.
Key Takeaways (or, as I like to call them, the CliffsNotes for the financially faint-hearted):
Bitget has announced the launch of Reality, its new real-world asset platform.
So, Bitwise Asset Management (yes, the digital asset wizards) just launched the Bitwise Crypto Carry Fund (USCC) after swiping the baton from Superstate. It’s like a corporate version of “you’re cut,” but with more blockchain and fewer tears. The announcement came in a joint statement that probably involved a lot of handshakes and awkward Zoom smiles.
Apparently, the tokenized securities market will grow from $17 billion today to $5.5 trillion by 2030. That’s a lot of zeros. Someone check Citi’s calculator.
Disclosure: The author of this story owns shares in Strategy (MSTR). No, they didn’t sell them to fund a lavish lifestyle… yet.
Michael Saylor, the illustrious Executive Chairman of Strategy, has finally broken his silence after the company sold a measly 32 bitcoin for $2.5 million. Because, apparently, one needs to sell bitcoin to fund dividend payments on preferred stock. Who knew?
The CoinDesk 20 is currently trading at 1993.65, up 0.2% (+3.54) since 4 p.m. ET on Friday.
