Diversitas

1/6

Morning update:

Price-wise, nothing exciting happened. Consolidation continues as tourists are leaving the ship. Many are scared of what will happen next although the signs are there🤔This is simply a manipulation before the next impulsive move up🔮👀$BTC

2/6

Bitcoin exchange inflows are at their lowest level in nearly a decade. The last time we saw such a small amount of deposits was in January 2015 yet people are getting distracted by the price🤷‍♂️$BTC

3/6

There are rumors that the South Korean government will vote to allow spot Bitcoin ETFs in June. If approved this could result in an even bigger supply shock 👀

4/6

Furthermore, Hong Kong ETF issuers are apparently discussing the “Stock Connect” program that would allow investor from mainland China to invest in their ETFs. Once completed, qualified investors in the Shenzhen Stock Exchange could invest in BTC ETFs via the Hong Kong Stock Exchange through ‘Stock Connect. Again, just a rumor but something that could happen in the coming months🤔 $BTC

5/6

Speaking about ETFs, yesterday was a low-flow day. Most ETFs saw zero inflows, leading to a small outflow day of 15 million. That being said, the new area of investors is slowly but surely getting ready to buy this new asset class. Yesterday, the CEO of Bitwise shared some alpha and posted a picture from a presentation that was given to nearly 1,000 of the largest advisors in the country🔥 $BTC

They all want to learn about Bitcoin and are getting ready to invest👇