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RE: Week through Adrian's Lenses (25-31 May 2024)

in LeoFinance6 months ago

There seems to be a lot going on. It's interesting to see the tournament. I didn't take part but the prizes look quite large. I am a bit surprised to see only 5% in the ETFs for BTC. I thought it would be closer to 10% by now.

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It's not that much going on, really, compared to other weeks. Either that, or I started to miss some important announcement, which would be bad. My real life is pretty busy these days.

It's interesting to see the tournament. I didn't take part but the prizes look quite large.

I didn't participate either. Hopefully, those who did had a lot of fun, besides the prizes they won (or not).

I am a bit surprised to see only 5% in the ETFs for BTC. I thought it would be closer to 10% by now.

Hmm, 5% of Bitcoin in 4 months without creating massive waves is pretty wild. In fact, it's not even 5% because GBTC already had a massive position, which was mostly drained to other ETFs (particularly IBIT). Think about it, they don't have a whole lot of liquid BTC to attract. Major BTC whales won't sell them their bitcoins (at these prices or ever).