It took 4 years for MicroStrategy to buy 205,000 Bitcoin.
It took just a few months for BlackRock to buy 223,645 BTC for its spot Bitcoin ETF.
Is the semiconductors trade getting overcrowded?
VanEck Semiconductor ETF $SMH had the largest inflows in the history of the ETF yesterday, according to Goldman. Source: Markets & Mayhem
Active managers had less than 25% exposure to equities in late October when the S&P 500 was at 4,100.
Today their equity exposure has jumped to 104% (leveraged long) with the S&P 500 above 5,100. This is their highest exposure since November 2021. Source: Charlie Bilello
Money-market fund assets rose to a fresh record high on expectations short-term rates will remain elevated for longer.
Total assets rose to $6.108tn from $6.077tn the week prior. Source: HolgerZ, Bloomberg
Believe it or not oil is outperforming the NASDAQ this year
Source: Bloomberg
Bitcoin next support level ?
Bitcoin (XBTUSD) consolidating (down 6% now). Keep an eye on next support zone that seems interesting 59'317-62'750. Source : Bloomberg
Crude Oil confirming short term bullish trend
Crude Oil WTI confirmed yesterday it's short term bullish trend by closing over 79.77. Swing low support is at 76.79. Source : Bloomberg
It took the iShares Bitcoin ETF, $IBIT, 8 weeks to hit $15 billion in assets under management.
By comparison, it took the Gold ETF, $GLD, 3 years to hit $15 billion in assets under management, per Zerohedge. At this pace, $IBIT could overtake $GLD in a matter of days...
