Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Crypto

<ul><li>Here is to another week in crypto, following an exceptionally strong performance for U.S.-based Bitcoin spot ETFs last week.</li><li>Over the five trading sessions, these Bitcoin spot ETFs saw total net inflows of $1.829 billion.</li><li>Last Tuesday was particularly notable, with the ETFs experiencing their second-best day since their launch on January 11, bringing in a net inflow of $887 million.</li></ul>

Here is to another week in crypto, following an exceptionally strong performance for U.S.-based Bitcoin spot ETFs last week.Over the five trading sessions, these Bitcoin spot ETFs saw total net inflows of $1.829 billion.Last Tuesday was particularly notable, with the ETFs experiencing their second-best day since their launch on January 11, bringing in a net inflow of $887 million.

Crypto Crisp: How Much of the Bitcoin ETF Inflow Comes from Basis Trading?

<ul><li>It should come as no surprise that 2022 was rife with contagion in the crypto industry.</li><li>Numerous crypto companies went bankrupt, many due to fraud.</li><li>Now, the majority of these bankruptcy cases are nearing their conclusion, and some have already been completed, allowing creditors – primarily clients with assets stuck in these firms – to receive the remaining assets.</li></ul>

It should come as no surprise that 2022 was rife with contagion in the crypto industry.Numerous crypto companies went bankrupt, many due to fraud.Now, the majority of these bankruptcy cases are nearing their conclusion, and some have already been completed, allowing creditors – primarily clients with assets stuck in these firms – to receive the remaining assets.

Crypto Moves #31 – Do Not Fear Mt. Gox Repayments

<ul>
<li>In the past one and a half months, exchange-traded crypto funds have been launched in two countries.</li>
<li>Hong Kong introduced both Bitcoin and Ethereum exchange-traded products in late April, followed by the UK doing the same last week.</li>
<li>Tomorrow, Australia will launch its Bitcoin spot ETF, but like the recent launches in Hong Kong and the UK, we do not expect it to be a major success.</li>
</ul>


In the past one and a half months, exchange-traded crypto funds have been launched in two countries.
Hong Kong introduced both Bitcoin and Ethereum exchange-traded products in late April, followed by the UK doing the same last week.
Tomorrow, Australia will launch its Bitcoin spot ETF, but like the recent launches in Hong Kong and the UK, we do not expect it to be a major success.


<ul><li>Do we even need to mention the most significant news from last week? Probably not.</li><li>However, here is a brief summary: the U.S. Securities and Exchange Commission (SEC) approved an Ethereum spot ETF on Thursday.</li><li>Almost as significant as the approval itself is the shift in the U.S. regulatory environment’s tone toward crypto.</li></ul>

Do we even need to mention the most significant news from last week? Probably not.However, here is a brief summary: the U.S. Securities and Exchange Commission (SEC) approved an Ethereum spot ETF on Thursday.Almost as significant as the approval itself is the shift in the U.S. regulatory environment’s tone toward crypto.

Crypto Crisp: “There Is No Second Place”

Podcast on ETFs, Trillions

Trillions

Podcast on ETFs

Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent years. Exchange-traded funds, or ETFs, let you invest in everything from the stock market to gold like never before. This biweekly podcast will demystify them—and delight you in the process.

<ul><li>The launch of bitcoin ETFs, specifically ibit, ibiz, and Blackrock software, has seen unprecedented success and rapid growth</li><li>Ibid ETF reached $10 billion in assets in just 49 days, breaking records previously held by other ETFs</li><li>Robbie Michnick, head of digital assets at Blackrock, discusses the journey of bringing bitcoin and Blackrock together and the potential transformative impact on the industry</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The launch of bitcoin ETFs, specifically ibit, ibiz, and Blackrock software, has seen unprecedented success and rapid growthIbid ETF reached $10 billion in assets in just 49 days, breaking records previously held by other ETFsRobbie Michnick, head of digital assets at Blackrock, discusses the journey of bringing bitcoin and Blackrock together and the potential transformative impact on the industryThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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Bitcoin (XBTUSD CURNCY)

Crypto Crisp: How Much of the Bitcoin ETF Inflow Comes from Basis Trading?

Here is to another week in crypto, following an exceptionally strong performance for U.S.-based Bitcoin spot ETFs last week. Over the five trading...

Steno Research

Crypto Moves #31 – Do Not Fear Mt. Gox Repayments

It should come as no surprise that 2022 was rife with contagion in the crypto industry. Numerous crypto companies went bankrupt, many due to...

Steno Research

Crypto Crisp: Three In A Row

In the past one and a half months, exchange-traded crypto funds have been launched in two countries. Hong Kong introduced both Bitcoin and...

Steno Research

Crypto Crisp: “There Is No Second Place”

Do we even need to mention the most significant news from last week? Probably not. However, here is a brief summary: the U.S. Securities and...

Steno Research

Blackrock's Bitcoin Believer

The launch of the bitcoin ETF ibit by Blackrock has been highly successful, reaching $10 billion in assets in just 49 days and becoming the second...

Trillions

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