Diversitas

1/4

Morning update:

The market is starting to look good. Bitcoin started to bounce and the Coinbase Premium turned positive, signaling continuation👀

2/4

Same goes for the ETF flows, the only outflow yesterday was from the GBTC. As you can see they all had outflows the day before so this is a big improvement😅

Data for the Hong Kong ETFs is hard to get. All we know so far is that on day one, the total inflows were $292 million. Almost 30% of what Bloomberg predicted to flow in over the first 12 months. This is definitely a nice surprise. Let’s hope things continue this way💪

3/4

Bitcoin funding rates are currently negative. A perfect setup for a short squeeze. When the crowd is betting on lower prices in the middle of a bull run, this is usually a good time to buy🤷‍♂️$BTC

4/4

While the crowd is betting on lower prices, BlackRock organized a conference where they were educating pension funds, endowments, and sovereign wealth funds about the new spot bitcoin ETF products👀 They expect them to start investing over the coming weeks/month🚀

Please read this one more time. Pension Funds, Endowments, and Sovereign Wealth Funds. The big money is coming to buy the dip🔥

https://www.coindesk.com/business/2024/05/02/blackrock-sees-sovereign-wealth-funds-pensions-coming-to-bitcoin-etfs/

Today's update will be posted later than usual. Expecting it to be live in roughly 2 hours🙌