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The 67th Hoot
You are simply not bullish enough... 💰
GOOD MORNING ✍🏼
HAPPY APRIL FOOLS TO THOSE WHO CELEBRATE.
T-MINUS 22 DAYS FROM THE BITCOIN HALVING.
ALSO, Q2 BRINGS WITH IT: ALT COIN SEASON
IT’S TIME FOR THEM TO RIP 🤩
Scatt's Weekly Seeds:
🌱BlackRock CEO on ETFs 😳
🌱London Stock Exchange Launches Crypto Market 🤝🏼
🌱Texan BTC Miners Flock to Argentina 🇦🇷
🌱Fidelity Files for ETH ETF 🤩
Meme of The Week
Year-to-Date Returns:
Dow: 5.62%
S&P 500: 10.16%
Nasdaq Comp: 9.11%
Bitcoin: 67.15%
Ethereum: 54.61%
Solana: 87.70%
News Breakdown:
Crypto Market:
7-DAY CRYPTO MARKET CAP CHANGE: $20B
CRYPTO INVESTMENT PRODUCT FLOW: $942M
SAM BANKMAN FRIED SENTENCED TO 25 YEARS IN JAIL
FTX CUSTOMERS IN LINE FOR HIGHER PAYOUTS AS CRYPTO SOARS
HONG KONG TO ALLOW IN-KIND CREATIONS AND REDEMPTIONS FOR SPOT BITCOIN ETFS IN Q2 (UNLIKE USA WHICH IS CASH ONLY)
HEDGE FUND CRYPTO BETS SOAR AS MARKET PUSHES HIGHER
US PROSECUTORS CHARGED CRYPTO EXCHANGE KUCOIN WITH FAILING TO COMPLY WITH US ANTI-MONEY LAUNDERING LAWS
HSBC LAUNCHED NEW TOKENIZED GOLD PRODUCTS FOR RETAIL CLIENTS IN HONG KONG
Credit & Debt Markets:
10-YR TREASURY YIELD: 4.205%
FORTRESS-BACKED BRIGHTLINE SEEKING $3.2B NEW CAPITAL FROM LENDERS TO REFI EXISTING $2.2B DEBT
BELGIAN CHEMICALS CO. SOLVAY RECIEVED $9.5B IN BIDS FOR A $1.6B BOND ISSUANCE
APOLLO GLOBAL WILL PURCHASE CREDIT SUISSE $8B SECURITIZED PRODUCTS DIVISION FROM UBS
CRYPTO MINER BITDEER IN TALKS TO ARRANGE $100M IN FINANCING
CITI MARKETED UP TO $433M OF CASH EQUIVALENT BONDS REFERABLE TO LVMH ORDINARY SHARES
This Week’s Economic Calendar:
Construction Spending (Monday)
Job Openings (Tuesday)
Fed Chair Powell Speaks (Wednesday)
Non-farm payrolls & Consumer Credit (Friday)
BlackRock CEO on ETFs 😳
The world’s largest asset manager.
BlackRock manages about $10 trillion.
Their CEO, Larry Fink, was on CNBC last week and openly stated that their Bitcoin ETF is “the fastest growing ETF in all of ETF history”
Guys, do you fully understand the impact of that stament?
The CEO of the LARGEST ASSET MANAGEMENT COMPANY IN THE WORLD said that their Bitcoin fund is the fastest growing ETF EVER.
I honestly can’t wait to see what BlackrRock have up their sleeve.
But I can sum it up in one sentence:
You are simply not bullish enough.
London Stock Exchange Launches Crypto Market 🤝🏼
London has caught on.
Other than the Guiness, the UK managed to tick another box… crypto adoption 👍🏼
The LSE recently announced they’ll be launching a marketplace for Bitcoin and Ethereum ETNs starting in May.
We’ve been telling you for months/years now that the window to front run institutions was narrowing.
I think it’s safe to say that window is now officially closed.
Texan BTC Miners Flock to Argentina 🇦🇷
Bitcoin fixes (almost) everything.
Argentina has been battling with rapid inflation for years now causing all sorts of economic and political instability.
Enter: Bitcoin
As one of the few, the country has embraced the use of Bitcoin more so than other western nations and seen incredible positive impact.
One being that Texan-based Bitcoin miners Giga have opened up a mining operation at the foothills of the Andes.
The move was made strategically considering the free falling Argentinian Peso, and the cost of energy.
Bitcoin going global.
Fidelity Files for ETH ETF 🤩
$4.5 trillion.
That’s how much Fidelity manages.
And they, like a few other behemoth investment managers, have filed an S-1 application for an Ethereum ETF, which includes Staking.
This is on top of the recent announcement of the SEC’s investigation and probe into whether ETH is a security.
What does that tell you?
Read between the lines, my friends.
Don’t overcomplicate it - just be patient. It is inevitable.
Crypto Storage Options:
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy, sell or hold any assets or to make any financial decisions. Please be careful and do your own research.