Bitcoin has just absorbed one of its sharpest drawdowns since spot exchange-traded funds (ETFs) launched in the US – and, for now, Wall Street has largely stayed put. The price slid below $67,000 over the weekend, leaving it more than… Read More »Bitcoin’s 40% Slide Tests Wall Street’s Nerves and Spot ETF Convictions
Dragonfly Capital just closed a new $650 million fund — the same size as its 2022 vehicle — in what Fortune has called a venture capital “mass extinction event.” On the surface, that sounds like a resounding vote of confidence… Read More »Crypto VC Is Back, But Most of the Money Isn’t Going Where Retail Thinks
BlackRock’s latest filing for its iShares Staked Ethereum Trust ETF (ticker: ETHB) lays out an aggressive approach to Ethereum staking inside a regulated fund wrapper. The document makes three things clear for crypto investors weighing ETHB against spot ETFs and… Read More »BlackRock’s ETHB Staked Ethereum ETF: Reward Skim, Exit Delays, and What Investors Should Expect
Institutional investors are sending a mixed message on Bitcoin. In a new global survey from Coinbase Institutional and Glassnode, roughly one in four respondents said crypto has entered a bear market. At the same time, a majority still described Bitcoin… Read More »Why Institutions Call This a Bitcoin Bear Market but Still See BTC as Undervalued
Bitcoin’s volatility is no longer the primary barrier for sophisticated investors. Institutions can model volatility, hedge it with options and futures, and price it into their strategies. What continues to hold back larger and more consistent allocations is something harder… Read More »Why Bitcoin’s Market Depth Looks Deep but Trades Like a Mirage