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Last post: Jinkar, 13 Jun 2024 08:42
Was looking good until Powell started speaking!!
🚀🚀 Up again tommorrow? Looking good.
IREN & Wulf are doing the business. Got stung with IREN earlier and dumped them🤦🏽♂️
Nice rise on opening an unexpected surprise.
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
Started: Fuzzbox, 18 Apr 2024 22:38
Last post: Scruff_, 21 May 2024 10:00
Hoping so, did a big buy on the bell.
GLA
Up we go?
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.
Last post: Pedrobull, 16 Apr 2024 22:26
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?
Started: evansthemeasure, 26 Mar 2024 10:39
Last post: evansthemeasure, 26 Mar 2024 10:39
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.
Started: Fagen39, 9 Feb 2024 13:06
Last post: Pedrobull, 6 Mar 2024 19:41
That's a good idea for kids ISA for buy a forget hold forever maybe?
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
Started: Jfallonirl, 28 Feb 2024 19:07
Last post: Inovermyhead, 4 Mar 2024 17:56
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 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.
Started: Fuzzbox, 16 Feb 2024 21:24
Last post: Fuzzbox, 16 Feb 2024 21:24
Some nice BTC miner analysis for our Vaneck crypto ETF, hope the fund managers are watching:
https://www.youtube.com/live/XAaAj6oOo2c?si=ah5jcY6B1YL9w5Cp
Started: Money_nvr_sleeps, 9 Jan 2024 20:32
Last post: Money_nvr_sleeps, 9 Jan 2024 20:32
I've been holding a number of Bitcoin mining stocks individually such as MARA, ARB, IREN, SDIG, WULF (most since end of 2020) but have also recently jumped into this ETF for the tax-free ISA benefit and think all the holdings are strong with a big focus on miners.
GLA.
Started: Sinterklaase, 8 Jan 2024 08:35
Last post: Sinterklaase, 9 Jan 2024 07:36
Stock selection is for people with lots of time on their hands, these constituents sprint differing paces at different times, this bull market is a marathon not a sprint. Nice to catch every rise, owning them all in one ticker, while getting on with life.
https://companiesmarketcap.com/bitcoin-mining/bitcoin-mining-companies-ranked-by-pe-ratio/
Exciting week ahead….
https://www.zerohedge.com/crypto/platos-allegory-bitcoin-etfs
💩... Looks like the miners got ahead of themselves and similar to what happened in the summer. BTC dropping.
Lots of bigger buys coming through at £3 before the US opens on a positive BTC day.
Feels like a good place to layer in again.
No guaranteed that BTC & DAGB wont dip again.
Poo!
Consolidation here this week. Hopefully!
I bought into this instead of ARB as it’s supposed to be less of a risk. ARB up 20% today. This should definitely be up because all miners are. Am £800 down instead. It also appears to have tracked the rise in miners previously… Has a miner gone bust or something? Holding, and hope it sorts itself out.
Jafall, we track the USA bitcoin miners so not cryptocurrency directly. However, that said all the miners are up in the USA , yet we have fallen 11%...this I don't understand !!
Why do I feel like I've been missold this ETF?
Why would it be 8% down when it suppose to track the cypocurrency?
Not happy at all!
Started: Jfallonirl, 2 Jan 2024 08:37
Last post: violindog, 2 Jan 2024 08:53
USA market opens 2:30 UK time
Jfall, it tracks mostly USA bitcoin miners ...so they fell heavily on Friday and should rise today on bitcoin recovery...
Isnt this Etf suppose to track Cypocurrency and especially bitcoin so why are we 10% down when TC has increased by 2,000 since Friday?
Started: Sinterklaase, 2 Jan 2024 08:47
Last post: Sinterklaase, 2 Jan 2024 08:47
Lovely price this morning to add, thank you US profit takers.
Started: Sinterklaase, 28 Dec 2023 07:21
Last post: Sinterklaase, 28 Dec 2023 07:21
Good luck all.
Started: Sinterklaase, 28 Dec 2023 07:01
Last post: Sinterklaase, 28 Dec 2023 07:01
Bitcoin’s 2023 rally drove some of the stock market’s biggest gains this year
PUBLISHED WED, DEC 27 20238:30 AM ESTUPDATED WED, DEC 27 2023AT 4:16 EST
thumbnail
Ari Levy
For crypto bulls, the most lucrative bets in 2023 were in the stock market.
While bitcoin rallied over 150% for the year, shares of Coinbase, MicroStrategy and the Grayscale Bitcoin Trust, which are all tied closely to the digital currency, did substantially better, rising more than 300% in value. Bitcoin miner Marathon Digital soared 688%.
Not only have those stocks outperformed the primary cryptocurrency, but they’ve been among the biggest gainers across the whole U.S. market. In the universe of publicly traded U.S. businesses with a market value of at least $5 billion, the four bitcoin-tied stocks were among the eight best performers, according to FactSet.
Good job this low expense ratio, liquid ETF has MARA, Coinbase and Microstrategy as it’s 1st, 2nd and 6th largest holdings as at 27th December 2023.
Started: Sinterklaase, 25 Dec 2023 08:47
Last post: Jinkar, 26 Dec 2023 14:39
Not really looking to add anymore. Have got as much as I want £*****. Just got to decide how paper or diamond my hands are!!
With BTC miners sprinting at different stages, and consolidating while daily and weekly RSI cool off, below are a few reasons why I like DAPP and DAGB.
Let the ETF manager, researchers and proprietary algorithms decide when to buy and sell, rather than retail private investors moving sell target goalposts and giving back gains.
Can be traded during Uk trading time zone.
ETF charges will be cheaper than brokerage profitable income streams when they charge Retail Private investors excessive FX charges and spreads for both buys and sells, leaving you with more units.
Saves you all the hours watching InvestAnswers, Sebastian, individual BTC miner rankings, that are often crude, and not as sophisticated as ETF managers valuation models, like DCF.
Diversification, may give you a better leveraged beta to the underlying asset, and save you drawdowns due to equity raise dilution, insider selling, or funds and ETF’s dumping your favourite stock, once it’s fair value or its extended too many standard deviations from its mean.
If we get a circuit breaker limit down day, ETF’s can be quicker to liquidate, than the North American stocks, where brokers can reduce permitted sell sizes etc….
Anybody else buying here, or have you accumulated already and see this as a hold?
Yes it is, on HL and II.
Can anybody tell me if is this ISA 'ABLE ???? Cheers !
Started: Jinkar, 2 Nov 2023 13:08
Last post: Jinkar, 6 Nov 2023 14:28
Was at £5 in July. Some very welcome big buys today.
Well it happened previously to BTC and hopefully the knock on will enhance our SP
BTC halving in early 2024 (possibly April) may and I stress may have a positive impact here.
Back in now and holding for a month or two see where we are going.
Started: robertalexander, 12 May 2022 12:54
Last post: robertalexander, 12 May 2022 12:54
Has this dropped due to over exposure to Luna, and/or the general malaise in cryptos?
Started: Pedrobull, 16 Sep 2021 10:36
Last post: Pedrobull, 7 Feb 2022 19:43
In too early on this now £7.70
up 28% in since mid Sept now £16.66
I like "pick & shovel" plays ie. Diploma which has served me well over the years as a buy and hold forever investment . I've been thinking about Bitcoin for ages without buying any because frankly I don't understand blockchain in spite of reading reams on the subject so from my point of view this is a speculative punt on the future . So just a few grand for now and maybe a few more on the dips because it does wang about a bit . Thanks for your post Pedrobull lots of useful info there.
Great way to hold blockchain assets with single company risks.
The VanEck Vectors Digital Assets Equity UCITS ETF (DAGB) invests worldwide in companies that are driving the blockchain revolution. The ETF continually adapts to include pure plays on the blockchain megatrend.
Currently, it includes companies in the following sectors:
* Crypto exchanges
* Crypto miners
* Payment companies
* Crypto holders and traders
*Specialists in blockchain patents and services
Top Ten Holdings 15th Sept 2021 - 1 year change - Portfolio weight
Marathon Digital Holdings Inc - MARA:NAQ - +1,771.21% 9.67%
Square Inc - SQ:NYQ - +61.04% 9.07%
Coinbase Global Inc -COIN:NSQ --- 8.22%
Hut 8 Mining Corp HUT:TOR +1,006.00% 6.19%
Microstrategy Inc MSTR:NSQ +306.42% 6.02%
Riot Blockchain Inc -RIOT:NAQ - +911.00% 5.81%
Silvergate Capital Corp - SI:NYQ - +580.56% 5.68%
HIVE Blockchain Technologies Ltd - HIVE:CVE - +835.80% 5.12%
Voyager Digital LtdVOYG:TOR+1,468.75% 4.99%
Bitfarms Ltd BITF:CVE +1,764.86% 4.76%
Per cent of portfolio in top 10 holdings: 65.53%
Note - I also hold Argo Blockchain which is currently 3.86%