Fresh From The Trollbox - Episode 29 (3 May 2024)

Stephan and Usi traded the Labor Day dip this week but unfortunately didn’t yield any profits. In this video, they delve into potential reasons why and how the dip happened.
Moreover, Stephan provides insights into how crypto whales might have utilised ETFs as a sophisticated fiat onramp. Consequently, the commonly reported ETF average buy prices around the $58k mark could be exaggerated, potentially removing it as a significant mental barrier for many traders.
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[@JUANFiToNFT]

So Bitcoin investors can buy US ETFs with coins instead of FIAT?

[@BitMEX]

It depends - the argument we discussed was more like: ETF managers need to buy BTC and they may do so via OTC deals - potentially with BTC whales. The whales could ask for in-kind payment in ETF shares instead of USD from the ETF manager.

[@JUANFiToNFT]

Makes sense, thanks!