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Market Musings - Bitcoin Battles ETF Outflows
With the introduction of the Bitcoin Spot ETFs in January 2024, this goal has finally become a reality...ETF products printing some disappointing numbers....Source: token.unlock.apps What We’re Reading Once Again, Bitcoin Is Behaving Like It Should (Alpha Feed...
6 Min
Macro & Markets
May 2024
Is a Bitcoin Futures ETF Really THAT Bad?
Primer The ProShares Bitcoin ETF launched yesterday, attracting over $500M in capital on day one....However, the ETF isn’t simply a product that buys spot BTC, instead it buys BTC futures....Futures Spreads Are Tight (Most of the Time) According to the ETF’s prospectus, ProShares will hold...However, the ETF isn’t simply […]...
5 Min
Infrastructure
Oct 2021
Market Musings - ETF Flows Shine As BTC Flirts With Range Highs
BTC Spot ETFs — Summer Starts With Massive ETF Flows Reminder, Delphi’s BTC Spot ETF Flow Tracker can...With summer kicking off, first week ETF flows for June came in hot, well out-pacing expectations and...We have now seen 19 consecutive days of net inflows for these ETFs, the longest streak since the ETF’...What is Bitcoin?
9 Min
Macro & Markets
Jun 2024
Market Creeps Higher as Bitcoin Futures ETF Debuts
Market Updates All eyes are on Proshare’s Bitcoin Futures ETF today, the first Bitcoin-linked ETF in...Finally, the Valkyrie Bitcoin ETF launch—due to debut tomorrow with the memorable ticker BTFD—underscores...Futures ETF launch today.
4 Min
DeFi
Oct 2021
The Path to DeFi's ETF Moment: The Rise of Morpho, Curators, and Mullets
ETF....ETF assets. More recently, we in crypto have felt the ETF effect too. ...Since launching in January 2024, U.S. spot Bitcoin ETFs have attracted over $92B in AUM, now holding...The largest, BlackRock’s iShares Bitcoin Trust (IBIT), alone holds 572K BTC, more than 2.7% of supply...
26 Min
DeFi
Apr 2025
The State Of Bitcoin
...a dozen spot BTC ETF applications in 2023, with many ETFs approved at the start of 2024....For those who already hold spot BTC or have other crypto, a Bitcoin ETF may not seem like a big deal....The first ramification for Bitcoin is that a spot ETF is a strong signal that Bitcoin, and by extension...
28 Min
Layer 1 / L1
Feb 2024
Leverage Watch, ETF Traction, and Relentless L1s
Bitcoin ETF Traction The ProShares Bitcoin ETF is off to a solid start with over $1.1B of inflows in...(Plus, as we noted yesterday, the ETF is not that bad)....would a proper spot ETF receive?...(@stablekwon) October 21, 2021 The Bitcoin ETF’s AUM could be limited by CME contract caps .
3 Min
Infrastructure
Oct 2021
Bitcoin's Global Breakout
...demand is outstripping available supply, thanks to the growing popularity of our shiny new spot BTC ETFs...As I said on @SquawkCNBC this morning, the supply/demand dynamic in bitcoin right now is off-the-hook...Bitcoin is the cool kid on the block again…much to the dismay of gold bugs.  ...
5 Min
Macro & Markets
Mar 2024
An Ode To Bitcoin
Visions of Bitcoin Along with the ebbs and flows of Bitcoin’s narrative, Bitcoin the asset has gone through...flips Amazon At $107,280 Bitcoin flips Google At $156,700 Bitcoin flips Microsoft At $170,900 Bitcoin...Fink’s view on BTC as the Bitcoin ETFs have seen unprecedented demand.
12 Min
Other
Dec 2024
Bitcoin - Back From the Future
As Bitcoin is the largest coin by market cap, a strong Bitcoin often acts as a tailwind for the broader...Bitcoin halvening events have historically signaled a substantial increase in the price of Bitcoin....be bearish in Bitcoin’s case....The chart above compares BTC’s performance against VFH, a financial sector ETF, and KRE, a regional banking...
17 Min
Layer 1 / L1
May 2023
A Frenzy Over Bitcoin Ordinals & Runes
Bitcoin’s resurgence is driven by several factors, including the recent Bitcoin ETFs, the anticipated...Bitcoin, the Trillion-Dollar “Casino” While institutions and crypto natives continue to accumulate Bitcoin...The thesis for growing speculation on the Bitcoin network is simple: Bitcoin, a trillion-dollar asset...
35 Min
BRC-20 / Ordinals
Feb 2024
The Huge Cultural Opportunity in Bitcoin Ordinals
Historically, Bitcoin halving events have brought in a lot of exogenous interest to Bitcoin, and some...Ordinals’ Effect on the Bitcoin Network After experiencing network congestion for several months, Bitcoin...For more on Bitcoin’s fee market and security budget, check out our PRO report Bitcoin – Back From the...
37 Min
NFTs
Jul 2023
Bitcoin Is Not An Inflation Hedge
Something to watch for going forward… Bitcoin’s initial price drop following the CPI release triggered...a resurgence in memes mocking those who put their faith in bitcoin as an inflation hedge....Joe Weisenthal, host of Bloomberg’s Odd Lots podcast and frequent Bitcoin critic, got in on the action...
9 Min
Macro & Markets
Jul 2022
The Dawn of Bitcoin Programmability: Paving the Way for Rollups
Bitcoin’s ecosystem is thriving....ETFs, the Halving, Ordinals, Inscriptions, and Runes are making all the waves....BitVM Bitcoin Script Constraints Bitcoin Script is inherently limited in its capabilities, designed to...Bitcoin Block Finalization Proof: This proof takes the finalized Bitcoin block hash as input and encodes...
60 Min
Layer 2 / L2
May 2024
USDC De-Pegs & Bitcoin Rallies
🔍 USDC De-Pegs & Bitcoin Rallies If you haven’t been living under a rock, you’re probably inundated...🔍 USDC De-Pegs & Bitcoin Rallies If you haven’t been living under a rock, you’re probably inundated...
8 Min
Cash-Backed (Custodian) Stablecoins
Mar 2023
Bitcoin's New Narrative: Ordinals
However, change comes slowly to Bitcoin....a few additions of his own to Bitcoin’s core stack....If every block on Bitcoin contains the max 4MB of Ordinals, Bitcoin still only adds 216GB of Ordinals...after looking at Bitcoin’s on-chain metrics....Culture Unsurprisingly, Ordinals on Bitcoin have been controversial among prominent Bitcoiners.
16 Min
Layer 1 / L1
Feb 2023
Bitcoin Gaming & The Power Of Nano-Transactions
Scaling Bitcoin Payment Infrastructure To be clear, Bitcoin is not widely considered an optimal scalable...also produce more fees for Bitcoin miners....Bitcoin Gaming Bitcoin is arguably the most widely accepted cryptocurrency in the world....Bitcoin Miner was not alone.
22 Min
Gaming
Nov 2023
Bitcoin Update: Reflecting on 2022 and the Future
Bitcoin’s 2022 2022 was a rough year for crypto....Lightning is probably Bitcoin’s most serious attempt to scale Bitcoin to usable e-cash....ZK-Bitcoin In a world of smart contract chains, Bitcoins’ long-term usefulness seems limited....layers on top of Bitcoin.
14 Min
Proof-of-Work
Jan 2023
Bitcoin: More Than Just Digital Gold?
🔍 Bitcoin: More Than Just Digital Gold?...frenzy that has brought attention to Bitcoin in a way it hasn’t seen in years....while offloading consensus and data availability to Bitcoin....This makes it possible to run EVMs as sovereign rollups on Bitcoin....and settle its transactions in Bitcoin blocks.
7 Min
Layer 1 / L1
Mar 2023
What's Up With Bitcoin?
Insights from the Bitcoin options market.
2 Min
DeFi
May 2021