Do you have any idea how much you'd be up with the holding we highlighted over a year ago???
Not to toot, but just to show Changa knows a few things...
(Not financial advice**)
Top 5 Crypto-Focused ETFs (SA Quant)
Jun. 11, 2024 7:00 AM ET
BITW, GBTC, GDLC (sound familiar??)
Steven Cress, Quant Team
SA Quant Strategist
Summary
Bitcoin is up ~170%, Ether ~+100%, and Solana over 930% over the last year, and the number of worldwide crypto users is projected to reach 992.50M by 2028.
Cryptocurrency ETFs offer exposure by investing directly in the assets and/or companies involved in the digital economy.
5 crypto-focused ETFs, +240% on average in 1Y, offer exposure to several digital assets and firms involved in the digital economy for investors with an appetite for risk.
ismagilov
Crypto Investing
Cryptocurrencies have exploded in the past year, with Bitcoin (BTC-USD) up ~170%, Ethereum (ETH-USD) ~+100%, and Solana (SOL-USD) more than 930%. Digital assets are progressing on the regulatory fronts and have even become hotter topics, particularly in the wake of Robinhood’s $200M acquisition of Bitstamp. Bitstamp is a small crypto exchange competitor behind Binance and Coinbase Global (COIN).
992.50M by 2028, driven by increasing institutional acceptance and higher usage in cross-border transactions.
The price of Bitcoin crossed the $1.00 threshold for the first time ever in February of 2011, and nearly ten years ago was worth $580. Bitcoin is now trading at more than $71,800 with a market cap of $1.4T. Bitcoin has about 53% of the crypto market followed by Ether (17%), Tether (USDT-USD) (4.2%), Binance Coin (BNB) (4%), and Solana (3%). Bitcoin and Ether dominate in size, but Solana is the highest-performing cryptocurrency among the digital asset giants in the past year.
Solana Leads Top 5 Cryptocurrencies in 1Y Price Performance (as of 6/10/24)
Top Cryptocurrencies 1Y Performance (SA Premium)
Seeking Alpha’s Quant ETF Grades are generated by a proprietary system that aims to provide investors an instant characterization of each ETF. The SA quant system grades ETFs by five factors:
Cryptocurrency-focused ETFs invest directly in the digital assets or indirectly in miners and stocks involved in crypto. Although crypto ETFs have strong momentum, investors should realize they are also highly volatile. The SA Quant Team identified five ETFs that provide investors exposure to a variety of crypto assets. The ETFs have ‘Strong Buy’ ratings and excellent momentum, evidenced by a market-crushing average 1Y price performance of ~+240%. The list includes 2 ETFs ranked outside of the top five to prevent overlaps and ensure breadth of coverage of major digital assets.
1 Grade. (OTCQX: GDLC)
Assets (AUM): $582.92M
Quant Rating: Strong Buy
Quant Ranking in Asset Class (as of 6/10/24): 6 out of 197
Quant Ranking in Asset Sub Class (as of 6/10/24): 6 out of 21
Only three among 2,462 quant-rated ETFs have a higher 1Y price performance than GDLC, which is up a whopping 322% in the past 12 months, driving an ‘A+’ in Momentum.
GDLC 1Y Price Performance (as of 6/10/24)
GDLC 1Y Price Performance (SA Premium)
GDLC holdings include BTC (70%), ETH (23%), SOL (4%), Ripple (XRP-USD) (1%), and Avax (AVAX-USD) (0.70%). GDLC has a ‘B’ in Liquidity, driven by an average daily dollar volume of $2.37M. GDLC has an expense ratio of 2.50% and annualized volatility of 71%.
GDLC Holdings
GDLC Holdings (Grayscale)
3. Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)
Assets (AUM): $19.76B
Quant Rating: Strong Buy
Quant Ranking in Asset Class (as of 6/10/24): 3 out of 197
Quant Ranking in Asset Sub Class (as of 6/10/24): 3 out of 21
GBTC is the third hottest ETF in price performance over the past year, up more than 340%, solely and passively invested in Bitcoin with an A+ in Momentum. GBTC has returned more than 490% to shareholders in the past five years vs. an ETF median of 38%, and significantly outperformed in returns over the last 6M and 30 days. GBTC’s A+ in Liquidity is driven by an AUM of $19.76B and a daily dollar volume of $620.65M.
Indeed. Soon approaching the time when family start asking how to invest in crypto as everyone gets FOMO, again. They'll want a proxy and don't want to learn how to use crypto themselves and store own seedphrases etc. Had a friend that became proxy for multiple family members - constant calls and panic attacks. Then from 2026-2027 family will be smugly saying crypto is worthless, during next bear market. Zerohedgers will argue that BTC has no instrinsic value and is fiat. Gold bugs will swear by precious metals only.
Why not hold both? + cash, for as long as it exists...Here is a starter guide for all things crypto, terminology, and security best practices:
Crypto markets are not random, so Technical Analysis is your friend.The upcoming Bitcoin halving event has the potential to propel Bitcoin to $120,000, and crypto miner funds like DAPP even higher percentage wise.
In 1940, one genius completed a puzzle in just 20 minutes that should’ve taken him a million years to solve.
His name is Alan Turing.
You may be familiar with Turing’s story from the 2014 movie The Imitation Game. Benjamin Cumberbatch earned a Best Actor nomination for his portrayal of the genius.
Millions of Shopify businesses will now be able to "accept fast, web3 native payments with no transaction fees" until 2024 with Solana Pay integration.
BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian
You knew they’d end up controlling and benefiting from all crypto. (After all, “Shatoshi Nakamoto” translates loosely to “CIA Black Budget Projekt” by some accounts) Have you ever seen him/her/insert pronoun? I rest my case. Doesn’t mean we can make some money in the next year or two riding this train though!!
(Is besser zu buy ze straw hats in ze Vinter, but zis is good also)
Picks, shovels and "Levi Strauss" miner jeans may be the best approach! CB is the on ramp & core Infrastructure for the institutional crypto gold rush happening right now. Pay ze attention!
Although many companies have unsuccessfully applied for a BITCOIN ETF (exchange traded fund to make crypto investing “easy as pie” for Mom and Pop’s 401k and investment accounts) in the past, there is reason to believe BlackRock will now pull it off. Especially given its impressive track record of having only one ETF application rejected in its 35 years of existence.
Reinforcing this sentiment is the most recent move by the SEC, which called BlackRock’s filing “inadequate.”
While many traders see this as something negative, the opposite is true. The fact that the SEC responded so quickly after the initial application — and that it returned the filing back to the applicant — shows its desire to help push the application forward. In this way, the forms can be filled out properly and the SEC can approve them faster.
Do you have any idea how much you'd be up with the holding we highlighted over a year ago???
Not to toot, but just to show Changa knows a few things...
(Not financial advice**)
Top 5 Crypto-Focused ETFs (SA Quant)
Jun. 11, 2024 7:00 AM ET
BITW, GBTC, GDLC (sound familiar??)
Steven Cress, Quant Team
SA Quant Strategist
Summary
Bitcoin is up ~170%, Ether ~+100%, and Solana over 930% over the last year, and the number of worldwide crypto users is projected to reach 992.50M by 2028.
Cryptocurrency ETFs offer exposure by investing directly in the assets and/or companies involved in the digital economy.
5 crypto-focused ETFs, +240% on average in 1Y, offer exposure to several digital assets and firms involved in the digital economy for investors with an appetite for risk.
ismagilov
Crypto Investing
Cryptocurrencies have exploded in the past year, with Bitcoin (BTC-USD) up ~170%, Ethereum (ETH-USD) ~+100%, and Solana (SOL-USD) more than 930%. Digital assets are progressing on the regulatory fronts and have even become hotter topics, particularly in the wake of Robinhood’s $200M acquisition of Bitstamp. Bitstamp is a small crypto exchange competitor behind Binance and Coinbase Global (COIN).
992.50M by 2028, driven by increasing institutional acceptance and higher usage in cross-border transactions.
The price of Bitcoin crossed the $1.00 threshold for the first time ever in February of 2011, and nearly ten years ago was worth $580. Bitcoin is now trading at more than $71,800 with a market cap of $1.4T. Bitcoin has about 53% of the crypto market followed by Ether (17%), Tether (USDT-USD) (4.2%), Binance Coin (BNB) (4%), and Solana (3%). Bitcoin and Ether dominate in size, but Solana is the highest-performing cryptocurrency among the digital asset giants in the past year.
Solana Leads Top 5 Cryptocurrencies in 1Y Price Performance (as of 6/10/24)
Top Cryptocurrencies 1Y Performance (SA Premium)
Seeking Alpha’s Quant ETF Grades are generated by a proprietary system that aims to provide investors an instant characterization of each ETF. The SA quant system grades ETFs by five factors:
Cryptocurrency-focused ETFs invest directly in the digital assets or indirectly in miners and stocks involved in crypto. Although crypto ETFs have strong momentum, investors should realize they are also highly volatile. The SA Quant Team identified five ETFs that provide investors exposure to a variety of crypto assets. The ETFs have ‘Strong Buy’ ratings and excellent momentum, evidenced by a market-crushing average 1Y price performance of ~+240%. The list includes 2 ETFs ranked outside of the top five to prevent overlaps and ensure breadth of coverage of major digital assets.
1 Grade. (OTCQX: GDLC)
Assets (AUM): $582.92M
Quant Rating: Strong Buy
Quant Ranking in Asset Class (as of 6/10/24): 6 out of 197
Quant Ranking in Asset Sub Class (as of 6/10/24): 6 out of 21
Only three among 2,462 quant-rated ETFs have a higher 1Y price performance than GDLC, which is up a whopping 322% in the past 12 months, driving an ‘A+’ in Momentum.
GDLC 1Y Price Performance (as of 6/10/24)
GDLC 1Y Price Performance (SA Premium)
GDLC holdings include BTC (70%), ETH (23%), SOL (4%), Ripple (XRP-USD) (1%), and Avax (AVAX-USD) (0.70%). GDLC has a ‘B’ in Liquidity, driven by an average daily dollar volume of $2.37M. GDLC has an expense ratio of 2.50% and annualized volatility of 71%.
GDLC Holdings
GDLC Holdings (Grayscale)
3. Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)
Assets (AUM): $19.76B
Quant Rating: Strong Buy
Quant Ranking in Asset Class (as of 6/10/24): 3 out of 197
Quant Ranking in Asset Sub Class (as of 6/10/24): 3 out of 21
GBTC is the third hottest ETF in price performance over the past year, up more than 340%, solely and passively invested in Bitcoin with an A+ in Momentum. GBTC has returned more than 490% to shareholders in the past five years vs. an ETF median of 38%, and significantly outperformed in returns over the last 6M and 30 days. GBTC’s A+ in Liquidity is driven by an AUM of $19.76B and a daily dollar volume of $620.65M.
UPDATE
ONLY 35 MORE DAYS TO GO
TILL THE HALVENING!!!
https://www.youtube.com/live/god2-aQvB2A?si=-2XPoaCxoj0cjVyV
Indeed. Soon approaching the time when family start asking how to invest in crypto as everyone gets FOMO, again. They'll want a proxy and don't want to learn how to use crypto themselves and store own seedphrases etc. Had a friend that became proxy for multiple family members - constant calls and panic attacks. Then from 2026-2027 family will be smugly saying crypto is worthless, during next bear market. Zerohedgers will argue that BTC has no instrinsic value and is fiat. Gold bugs will swear by precious metals only.
Why not hold both? + cash, for as long as it exists...Here is a starter guide for all things crypto, terminology, and security best practices:
https://open.substack.com/pub/nicholascreed/p/crypto-lessons-learned-and-security?r=16xjwn&utm_campaign=post&utm_medium=web
So, Does it PAY to be a paid STNN subscriber?
Look at the date of this post, and how Even the worst tactic highlighted tripled your money, whether it was $50 or 500k.
The Halvening is tonight. We meet under the Bitcoin Moon to kick off a brand new Season of Profits!
ENJOY.
SEE YOU THERE! 😀
Update!!!
The 2024 Halving Rally Begins.
Crypto markets are not random, so Technical Analysis is your friend.The upcoming Bitcoin halving event has the potential to propel Bitcoin to $120,000, and crypto miner funds like DAPP even higher percentage wise.
https://seekingalpha.com/article/4670187?gt=b1cb22a6732bac13
Do you know what this would mean for btc prices??
Coinbase is ‘confident’ a U.S. bitcoin ETF will be approved after SEC’s court defeat
https://www.cnbc.com/2023/10/20/coinbase-confident-a-us-bitcoin-etf-will-be-approved.html
Grayscale Bitcoin Trust: Bitcoin At A 16% Discount
(not advice. read/think for yourself)
https://seekingalpha.com/article/4640364-grayscale-bitcoin-trust-bitcoin-16-percent-discount
UPDATE!
Did SEC Admit Defeat? Bitcoin ETF Could Be Near
https://seekingalpha.com/article/4641317-did-sec-admit-defeat-bitcoin-etf-could-be-near
Great weekly Blockchain and Crypto show by Ric Edelman who sold his advisory biz to do this full time.
Ignore blockchain at your own risk!!
https://www.thetayf.com/pages/multimedia?
Why Quantum Computers Will Never Break Bitcoin
By Houston Molnar, analyst, Palm Beach Daily
In 1940, one genius completed a puzzle in just 20 minutes that should’ve taken him a million years to solve.
His name is Alan Turing.
You may be familiar with Turing’s story from the 2014 movie The Imitation Game. Benjamin Cumberbatch earned a Best Actor nomination for his portrayal of the genius.
https://www.google.com/amp/s/www.palmbeachgroup.com/palm-beach-daily/why-quantum-computers-will-never-break-bitcoin/amp/
Shopify releases "zero fee" crypto payments
Millions of Shopify businesses will now be able to "accept fast, web3 native payments with no transaction fees" until 2024 with Solana Pay integration.
https://cryptoslate.com/shopify-integrates-with-zero-fee-solana-pay-prompting-businesses-to-adopt-crypto-transactions/
THE BITCOIN HALVENING IS LESS THAN 40,000 BLOCKS AWAY. HERES WHAT THAT MEANS!!
https://decrypt.co/149829/bitcoin-halving-is-less-than-40000-blocks-away-heres-what-that-means
BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian
You knew they’d end up controlling and benefiting from all crypto. (After all, “Shatoshi Nakamoto” translates loosely to “CIA Black Budget Projekt” by some accounts) Have you ever seen him/her/insert pronoun? I rest my case. Doesn’t mean we can make some money in the next year or two riding this train though!!
Make Ze Hay, Vile Ze Sun Shines!
-Klaus
(Is besser zu buy ze straw hats in ze Vinter, but zis is good also)
Picks, shovels and "Levi Strauss" miner jeans may be the best approach! CB is the on ramp & core Infrastructure for the institutional crypto gold rush happening right now. Pay ze attention!
Although many companies have unsuccessfully applied for a BITCOIN ETF (exchange traded fund to make crypto investing “easy as pie” for Mom and Pop’s 401k and investment accounts) in the past, there is reason to believe BlackRock will now pull it off. Especially given its impressive track record of having only one ETF application rejected in its 35 years of existence.
Reinforcing this sentiment is the most recent move by the SEC, which called BlackRock’s filing “inadequate.”
While many traders see this as something negative, the opposite is true. The fact that the SEC responded so quickly after the initial application — and that it returned the filing back to the applicant — shows its desire to help push the application forward. In this way, the forms can be filled out properly and the SEC can approve them faster.
Bloomberg. A potential "gamechanger" in the battle for a spot bitcoin ETF:
https://www.cnbc.com/video/2023/06/28/a-potential-gamechanger-in-the-battle-for-a-spot-bitcoin-etf.html