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Everything DAGB owns is blue blue blue
...that said some are growing their Hash and there's a lot of upside potential that could play out into DAGB price....
In case the url gets removed - look for InvestAnswer on YT, his latest Bitcoin Miners video.
https://www.youtube.com/watch?v=RsTjIUYLiBo
Look at what DAGB holds... I'm not sure why they hold some of the miners who are not mathematically... going to survive the halving.
Today price of $63.5K is up 108% in 1 year but down 4.7% in 1 month.
But up 1081% in 5 years and a crazy amount overall.
The question is about this ETF.
With no access to direct crypto BTC ETFs in the UK today does DABG give a direct exposure to the price of Bitcoin?
For any here that like ALTS in their ISA and SIPP to complement their BTC mining stocks or ETF’s.
15% Share buy back to be voted on. Not Announced by LSE RNS yet.
https://polaris.brighterir.com/public/kr1_plc/news/rns/story/w9n0e4r
Rude not to add today.
Back down to 5.85
possibly worth topping up with BTC at 65K although that could fall back another 10% easily and still be up over 100% on the year
🚀💷🚀DAGB finally has MSTR as it's largest weighting over 11%. Not sure if this is through investing price appreciation. They have my top 3 in their top four now. If MSTR keeps on going, will be wife changing money 💸💰💷😀.
I'm following all 20 companies that are the components of DAGB and Bakkt seems to stand out as a possible out-performer. Does anybody else have a view on Bakkt? DAGB also re-balanced their portfolio last week increasing their exposure to Bakkt from 1.9m shares to 4.3m shares.
Yes have bitcoin and sol, was paid in btc back in 2022, now up 200%, my sol has x3 since November. All on ledger. Watch investanswers to get some ideas and guidance.
Does anybody here own crypto direct? I opted for DAGB as the next best thing but am aware that half of their composition are Bitcoin miners which seems to be holding it back due to the effect that halving might have. I can't see MSTR being a very good proxy it is currently valued at 2x its bitcoin holding which seems a high premium to pay. I don't particularly want to take the wallet route but is there an alternative?
Nice to know we are being saved from ourselves, good news for UK listed GBP only Crypto investors in DAGB.L, less competition of AUM.
https://www.londonstockexchange.com/news-article/market-news/fca-updates-position-on-cryptoasset-etns/16369941
👍"The U.K.'s Financial Conduct Authority on Monday opened the doors for institutional investors to create crypto asset-backed exchange-traded notes. The London Stock Exchange later confirmed that it would accept applications for bitcoin and ether ETNs in the second quarter of this year." 👍
Lol I take it all back. We are getting onboard!
It's a shame that us in Blighty are not a leading part in all of this. We don't seem to have the vision. I will have to rely on my MSTR shares, I wish I had packed more MSTR bags earlier!!
Demand is going to be bonkers…
https://www.ethnews.com/bitcoin-spot-etfs-set-to-launch-in-hong-kong-ethereum-etfs-under-evaluation-fueling-btc-towards-100000/
🚀🚀 $70k BTC price earlier today😀. Miners will have to follow at some point. MSTR is killing it.
GLA
That's a good idea for kids ISA for buy a forget hold forever maybe?
my feeling is very similar on this regarding mstr. was closely aligned to btc valuation pre etf but disconnected completely recently. basically priced in btc at $100k (*** packet maths) so either btc catches up or must be due a correction imo. i am assuming the relative drop on dagb is due to the upcoming halving which is being priced in which feels quite late so maybe oversold, only drawback with an etf is it’s quite time consuming to work through the numbers for 20 companies to calculate relative value to confirm this (please share if anyone has done this :) ).
Beta 1.5x BTC.
Business intelligence and artifical intelligence cashflows.
FASB accounting valuation uplift.
Just noticed MSTR is up 20% today. Before the recent listing of BTC ETFs in the US, MSTR traded at a premium to its BTC holdings, which could be justified to some degree as it was the go to proxy for US equity market exposure to BTC.
Following the listing of the ETFs, which are highly liquid and closely track the value of their BTC holding, there is no longer a case for MSTR to trade at much if any premium at all. However, MSTR has gone vertical since the ETF listings and is now at a whopping 43% premium. I have plenty of exposure through DAGB, but honestly, it's seems ridiculous. Can investors not do even the simplest of valuations? They'd get far more bang for their buck buying one of the ETFs, never mind a crypto baskets at a deep discount like KR1. But, who cares. The're piling in regardless.
There seems to be switching from other crypto related companies, particularly miners, to MSTR, which is stifling their progress. My guess is Saylor is about to do a huge placing at MSTR into this rise and will use the proceeds to buy loads more BTC, which should turbo charge the bull market, so the current outpeformance of MSTR may be a blessing in disguise for the whole sector.
Anyone have a different take on MSTR, that might explain what is going on?
Yes, we do and the timings with US markets and DAPP.
I am relatively new to this board and this ETF, so sorry if it is common knowledge, but it seems that the Discount/Premium to NAV (which can be easily viewed on trading-view) plays an important role on the price of this. Over the past 5 days, this has been fluctuating significantly. Might be worth taking note of this
@Gower like all industries and maybe life, the weak will fade away and the strong will get stronger. The fund holds the most weighting with the strongest miners. Marathon hits it's mining targets but also sets out a new strategy for future growth but the immediacy of the market doesn't like it so it gets hammered and we suffer. Iren 40% dilution recently hammered. On the other hand Cleamspark was $6 a few weeks a go went up to $23.
Take some profit.
These miners are the ultimate BTC proxies on steroids win and lose big, these are not totally BTC correlated. I don't want to own BTC on it's own but I believe in MSTR so I have a large hold and adding position (pca in) as my closest BTC proxy which is a little saner than the miners. I'm not so sure about your belief of the economics of the halving.
With the scramble for BTC, its price increases through scarcity. The reward per block is reduced but the price per coin is increased. The fees that miners get have also increased and will probably carry on in the future. When the weak fall as they do now the hash rate drops, the strong step in and keep the hash rate up and rising. Most of the companies in this fund are going to be the winners because they will have the cheapest sources of energy and highest hash rate.
My biggest fear? is the USA government getting involved with regulation.
The fund is volatile, treat it that way get in and out. If you want to hold something I can't see past MSTR, CLSK and COIN as being safer winners.
GLA
The price of miners depends on perception. Last BTC rise people thought miners would be hugely profitable. This time the halving is a fear factor.
The problem with this fund is it has too much that will be uneconomical after halving. Should have just bought Bitcoin or microstrategy. I speak for myself - I bought this to reduce risk but missed out.