ETF's in the cryptocurrency sector vs Bitcoin📉This graph shows the average price of the main ETF's in the cryptocurrency sector, and their correlation with Bitcoin.
🟢These are the ETF's aggregated here:
PROSHARES BITCOIN STRATEGY ETF
GRAYSCALE BITCOIN TRUST (BTC)
GRAYSCALE ETHEREUM TRUST (ETH)
AMPLIFY TRANSFORMATIONAL DATA SHARING ETF (BLOK)
BITWISE 10 CRYPTO INDEX FUND (BITW)
GLOBAL X BLOCKCHAIN ETF (BKCH)
GRAYSCALE LITECOIN TRUST (LTCN)
VANECK UCITS ETFS PLC CRYPTO AND BLOCKCHAIN INNOVATORS UCITS (DAPP)
BITWISE CRYPTO INDUSTRY INNOVATORS ETF (BITQ)
GRAYSCALE DIGITAL LARGE CAP FUND LLC (GDLC)
I would love to, but I don't think the price is going to go straight up to the moon🚀👎❌.
The banks will make it as difficult as possible (can you imagine if everyone got rich quick and easy without having to be a slave?), and they will manipulate the market to enter at the lowest possible price.
Funny, that they insisted and spread FUD one after another, that Binance should prove that it owns the customers' balance.
They tried to knock her down with this narrative, but they couldn't.
But what about banks, do they do that?
Could it be that if everyone shows up at bank doors asking to withdraw their paper money, won't the army show up with a bunch of war tanks to protect half a dozen tycoons?
I'm looking forward to the next narrative.
BITQ
Will $MSTR finally become a market leader?The leader of the industry right now is NASDAQ:MDB , but those not have any exposure to the #crypto market.
MicroStrategy provides enterprise-ready analytics, mobility and security software platforms for various industries.
Historically, NASDAQ:MSTR has outperformed AMEX:BITQ , I chose this ETF as a proxy of its peers as is better balanced than $AMEX:CRPT.
Since the beginning of the year, the stock its been in a bottoming process as the volatility continues to decline. And its relative strength line is in a trading range.
Recently, they announced a new multi-year partnership with NASDAQ:MSFT that will integrate MicroStrategy’s advanced analytics capabilities with Azure OpenAI Service.
Maybe this added to the volatlity contraction can help the price to breakout above $350 and start trending higher.