Diversitas

1/5

Morning update:

The treckline is being tested again as the price manipulation continues. For now, it looks like this is a strong support and we will bounce back up👀

2/5

Coinbase Premium is also starting to recover after the initial drop✅

3/5

While the crowd is scared and again feeling bearish, the Hong Kong ETFs will start trading in 5 days. Yesterday we got the news that Bitcoin as well as Ethereum ETFs will start trading on April 30th. Expecting some sort of bounce before the trading opens 🤔

https://www.theblock.co/post/290654/hong-kong-bitcoin-and-ether-etfs-to-start-trading-april-30?utm_source=twitter&utm_medium=social

4/5

Speaking about the ETFs, yesterday was the first day of US ETFs without BlackRock inflows. The overall net flow was: -$120 million which was the result of GBTC sales.

Hopefully, the trend will shift back to the positive and get a boost by the Hong Kong🤔

5/5

All in all, our view has not changed. The on-chain data continues to suggest that we will soon see new highs. We also expect big inflows in the first few days of Hong Kong ETFs. The issuers have time to prepare for the launch so it will be interesting to see what they can pull off 👀