Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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The 5 and the 13 ema crossed over at 4pm GMT so BTC will be marked down. How much for how long??? I disagree @bone the miners I think go up in advance of BTC. They spike up they spike down. These are volatile stocks. I hold some and trade some. Works for me ...mostly. The disconnect between BTC - DAGB - Miners -UK time and USA time Is good for trading this ETF.
3 days in a row now, sudden slump in SP just before USA opens. There appears to be a disconnect now between the price of BTC / miners and DAGB ....very odd. Even on days the USA miners are doing well and BTC strong, DAGB lags behind . I thought this EFT was a "tracker" of the miners??
Slightly disappointing price action here!
US miners again down so the inevitable on DAGB for now.
Many of the US miners were down overnight and it started just as the US opened at 2.30pm yesterday despite BTC going on a run . Miners tend to lag BTC highs historically. Frustrating…
I had exactly the same thought. This is a fund of Coinbase, Microstrategy and Mining stocks. It normally moves up at a multiple of BTC , yet Tuesday it inexplicably dumped at 15:00 and then again yesterday at 14:20. There is no reason for this other than someone dropping a big sell order in and generating a negative wave. Argo Blockchain did almost exactly the same thing . Both of these should be up 30% given the BTC move yesterday.
These are entities that literally make, store and make a profit out of BTC dealing, they should be soaring.
Just wondering why this is having an issue getting past 6.35 and then it slips back when bitcoin is exploding upwards. Although not directly related I thought with all the excitement of bitcoin currently that we would be much higher. Any opinions?
Https://heyapollo.com/bitcoin-etf
Coinbase hosting fees for majority of BTC ETF’s
Microstrategy biggest HODL outside of ETF’s bigger than all BTC miners and BLOCK combined.
FASB accounting standard BTC balance sheet fair value valuation requirement….
https://www.theupcoming.co.uk/2024/01/26/fasb-demands-companies-to-report-to-report-bitcoin-holdings-at-fair-market-value/
70% DAPP ( DAGB.L )
10% KR1.AQ ( London )
10% QBT.L
10% GST.L
ARB.L for the odd trade.
All within a tax free wrapper.
🚀🚀🚀😀. Pre-market is strong. Get some while the going is good.
It was a good day to buy a few more shares yesterday . Upwards and onwards .
🚀🚀Great day yesterday. Today looking not to shabby BTC @ $56k. Sold out of IREN just about got my money back now have some dry powder for today. (Q) $60k next?. That is the beauty of BTC if you believe in the story then absoulutely will reach that figure. When? who knows. Michael Saylor bought another 3000BTC @ $51k ish. Good enough for him good enough for me. GLA
$60k next?
All time high in next 8 weeks?
WOW.
Ha that would be my top 4 also, due to their chances of profitability post halving, there is so much to keep on top, e.g. with IREN taking some of their IPO stake out, and WULF high debt levels and dilution, and CLSK and BITF HODL. My life has been so much simpler since I stumbled across this ETF. The large institutions and Wall Street are surly tried to get us offbalance and will distribute to retail at the top. The tricky part for me is do we follow past cycles phase 3 of the bull which is easy to time and predict the price at the top, or melt up with Tech and then burn early. Japan, Europe tech making new all time highs. Trillions in money markets wondering what’s going to happen in March, when things get rolled over. Least we have liquidity here currently.
I agree about if you a conviction on a certain miner/s. I have Cleanspark, Iren, Bitfarms and Terawulf on an individual basis that I trade in and out of occasionally. I wish the fund had a higher weighting to CLSK. Just need BTC to go on another run up.
That makes more sense….HL holdings out of date.
But it does not match the list on Vanecks website :
https://www.vaneck.com/uk/en/investments/crypto-etf/overview/
which shows a different top 10 for 62% of the ETF:
COINBASE GLOBAL INC 7.84
BLOCK INC 7.74
MARATHON DIGITAL HOLDINGS INC 7.63
BITFARMS LTD/CANADA 6.35
MICROSTRATEGY INC 6.34
BITDEER TECHNOLOGIES GROUP 5.81
NORTHERN DATA AG 5.3
GALAXY DIGITAL HOLDINGS LTD 5.29
CLEANSPARK INC 4.92
TERAWULF INC 4.86
Glad the fund still owns Coinbase stock.
https://insidebitcoins.com/news/coinbase-urges-sec-to-approve-conversion-of-grayscale-ethereum-trust-into-spot-ether-etf
Amazing liquidity and some huge buys and sells recently.
Security Weight
APPLIED DIGITAL CORP 11.28%
MARATHON DIGITAL HLDGS INC 8.74%
BIT DIGITAL INC 6.96%
RIOT PLATFORMS INC 6.88%
MICROSTRATEGY INCORPORATED 6.37%
NORTHERN DATA AG 5.90%
TERAWULF INC 5.73%
CLEANSPARK INC 4.77%
HUT 8 MINING CORP 4.69%
BLOCK 4
I would never have thought to have sold COINBASE at the crescendo of euphoria around the BTC ETF’s and just at the start of their custody fees income. I also wouldn’t have had the confidence to buy Applied Digital at as low a valuation as when it was first listed.
Having done 300% twice in WULF twice in the last year it still pays to trade individual tickers whilst having a core holding in the ETF.
Hopefully BTC has a nice rise this week. I took an IREN trade Friday evening. Did anyone else get in on the drop?
Some nice BTC miner analysis for our Vaneck crypto ETF, hope the fund managers are watching:
https://www.youtube.com/live/XAaAj6oOo2c?si=ah5jcY6B1YL9w5Cp
Glad i got back in here last week after selling a few weeks ago , long term hold for me now .
😀BTC supply crunch happening? BTC @$52.3k. Most miners we have are going well. APLD bit of a recent drag with 5% shorts on it down from 6%.
😀🚀
Yes, Bach, James IA, Sebastian for miner valuations, Ellio trades for alts.
Although always do my own research and take the above as edutainment only.
Nice start to the week here.
Agreed, best exposure to Bitcoin from within an ISA.
Do you guys follow InvestAnswers over on YT, some good analysis on BTC miners - Cleanspark topped his list, good to see it's in this fund.
Excellent trading and investing vehicle. Saves extortionate spread and Fx charges and individual company specific risk. Also utilises the expertise, technology and manpower of fund provider, rather than the all the mistakes PI’s make managing their own portfolio.
This is a kids ISA gem, as UK listed.
Not much else in the UK that will give you such good exposure to Blockchain blue chips......... This should be a must have in any Kids ISA, at least for the next 1yr to 18 months.
GLA