Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Cross Asset Strategy

<ul>
<li>SEC narrowly approves listing of spot Bitcoin ETF citing high correlation between CME futures and spot bitcoin price and adequacy of CME surveillance sharing.</li>
<li>New ETFs offer highly competitive expense ratios. ETFs also offer discount to expense ratio during a discount period.</li>
<li>ETFs see strong trading activity on day 1 but much of it likely came from outflows from GBTC to lower cost ETFs.</li>
</ul>


SEC narrowly approves listing of spot Bitcoin ETF citing high correlation between CME futures and spot bitcoin price and adequacy of CME surveillance sharing.
New ETFs offer highly competitive expense ratios. ETFs also offer discount to expense ratio during a discount period.
ETFs see strong trading activity on day 1 but much of it likely came from outflows from GBTC to lower cost ETFs.


Spot BTC ETFs Attract $4.3 Billion on Day 1 Paving the Way for Institutional Adoption

Special Projects Analyst at Delphi Digital, Delphi Digital

Gerryl Pay

Special Projects Analyst at Delphi Digital

Institutional-Grade Crypto Research & Data

Delphi Digital

Delphi Digital seeks to produce unbiased, actionable content for our clients on critical themes affecting digital assets and distributed ledger technology. Our team is committed to providing investors and institutions with key insights through a diverse suite of products including individual project analysis, bespoke research, and tailored consulting services.

Crypto

<ul>
<li>EigenLayer emerges as a protocol reshaping the staking paradigm. Going beyond Ethereum's security, EigenLayer greatly extends the utility of staked ETH.</li>
<li>UniswapX and other intent based apps will break DEXs out of their growth plateau. </li>
<li>Scalability advancements through rollapps and UX improvements from next-gen wallets will make DeFi more viable for end users. </li>
</ul>


EigenLayer emerges as a protocol reshaping the staking paradigm. Going beyond Ethereum's security, EigenLayer greatly extends the utility of staked ETH.
UniswapX and other intent based apps will break DEXs out of their growth plateau. 
Scalability advancements through rollapps and UX improvements from next-gen wallets will make DeFi more viable for end users. 


Year Ahead for DeFi 2024 (Executive Summary)

<ul>
<li>Surprising a pessimistic market, global liquidity rebounded, prompting expectations of increased buying pressure in the new year, as the Fed appears to remain on hold.</li>
<li>The crypto market is expected to benefit from a structural shift, with Bitcoin (BTC) emerging as a frontrunner after breaking out of a prolonged bear market consolidation.</li>
<li>Solana is anticipated to outperform in the coming year, driven by mean reversion, market share normalization, and narrative developments.</li>
</ul>


Surprising a pessimistic market, global liquidity rebounded, prompting expectations of increased buying pressure in the new year, as the Fed appears to remain on hold.
The crypto market is expected to benefit from a structural shift, with Bitcoin (BTC) emerging as a frontrunner after breaking out of a prolonged bear market consolidation.
Solana is anticipated to outperform in the coming year, driven by mean reversion, market share normalization, and narrative developments.


<ul>
<li>The stage is set for a potential resurgence of NFTs in 2024. As crypto wealth increases, spending on NFTs for “flexing”, identity, and entertainment will rise.</li>
<li>A few NFT Character Brands could explode into mainstream consciousness and grow exponentially. Others will remain as niche communities.</li>
<li>Ethereum will lose market share in NFTs, and Solana could catch up.</li>
</ul>


The stage is set for a potential resurgence of NFTs in 2024. As crypto wealth increases, spending on NFTs for “flexing”, identity, and entertainment will rise.
A few NFT Character Brands could explode into mainstream consciousness and grow exponentially. Others will remain as niche communities.
Ethereum will lose market share in NFTs, and Solana could catch up.


Year Ahead For NFTs 2024 (Executive Summary)

Crypto Research and Data, Delphi Digital

Crypto Research and Data

<ul>
<li>BTC is up ~140% since its bottom 1yr ago. Prior instances imply BTC is in the early innings of a new bull cycle with most of its expected gains ahead.</li>
<li>Market breadth is expanding as we are seeing industry wide participation in recent weeks.</li>
<li>Onchain borrowing activity is picking up, as are average lending rates and utilization rates on stablecoins, which are some of the most popular assets to borrow during market uptrends.</li>
</ul>


BTC is up ~140% since its bottom 1yr ago. Prior instances imply BTC is in the early innings of a new bull cycle with most of its expected gains ahead.
Market breadth is expanding as we are seeing industry wide participation in recent weeks.
Onchain borrowing activity is picking up, as are average lending rates and utilization rates on stablecoins, which are some of the most popular assets to borrow during market uptrends.


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Solana (SOL CURNCY)

Spot BTC ETFs Attract $4.3 Billion on Day 1 Paving the Way for Institutional Adoption

Bitcoin avoided a sell-the-news event following SEC approval but also failed to sustain a rally. The paper discusses details of approval, details...

Mint Finance

Year Ahead for DeFi 2024 (Executive Summary)

EigenLayer protocol reshapes staking paradigm, enhancing utility of staked ETH. Intent-based apps like UniswapX will boost DEX growth, while...

Delphi Digital

Year Ahead for Markets 2024

Global liquidity rebounds, boosting buying pressure; Bitcoin emerges as a frontrunner in crypto market; Solana expected to outperform with mean...

Delphi Digital

Year Ahead For NFTs 2024 (Executive Summary)

Crypto wealth is expected to drive a resurgence of NFTs in 2024, with potential for certain brands to gain mainstream popularity while Ethereum's...

Delphi Digital

Crypto Markets Take Center Stage

BTC is on the rise, signaling the start of a new bull cycle with potential for significant gains. Market participation is increasing, and...

Delphi Digital

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Spot BTC ETFs Attract $4.3 Billion on Day 1 Paving the Way for Institutional Adoption

Bitcoin avoided a sell-the-news event following SEC approval but also failed to sustain a rally. The paper discusses details of approval, details...

Mint Finance

Year Ahead for DeFi 2024 (Executive Summary)

​EigenLayer protocol reshapes staking paradigm, enhancing utility of staked ETH. Intent-based apps like UniswapX will boost DEX growth, while...

Delphi Digital

Year Ahead for Markets 2024

​Global liquidity rebounds, boosting buying pressure; Bitcoin emerges as a frontrunner in crypto market; Solana expected to outperform with mean...

Delphi Digital

Year Ahead For NFTs 2024 (Executive Summary)

​Crypto wealth is expected to drive a resurgence of NFTs in 2024, with potential for certain brands to gain mainstream popularity while Ethereum's...

Delphi Digital

Crypto Markets Take Center Stage

​BTC is on the rise, signaling the start of a new bull cycle with potential for significant gains. Market participation is increasing, and...

Delphi Digital

EigenLayer protocol reshapes staking paradigm, enhancing utility of staked ETH. Intent-based apps like UniswapX will boost DEX growth, while...

Global liquidity rebounds, boosting buying pressure; Bitcoin emerges as a frontrunner in crypto market; Solana expected to outperform with mean...

Crypto wealth is expected to drive a resurgence of NFTs in 2024, with potential for certain brands to gain mainstream popularity while Ethereum's...

BTC is on the rise, signaling the start of a new bull cycle with potential for significant gains. Market participation is increasing, and...