Reports

The likely imminent approval of spot exchange-traded funds for bitcoin could be a game-changing moment for the digital assets industry.

Bitcoin gained ~29% during October after entering the month around $27,000 and finishing at ~$34,700. Performance trended sideways until mid-month when speculative euphoria around a spot Bitcoin ETF approval gained steam.

The following dives into the growing discussion around Lido’s staking dominance and its implications for Ethereum. We’d recommend unfamiliar readers begin with our Guide to Ethereum Staking.

Bitcoin gained ~4% in September after entering the month around $25,900 and finishing at ~$27,000. Performance trended sideways during the first third of the month until concerns over potential FTX asset sales temporarily rattled markets on September 11th.

Bitcoin fell ~11% in August, delivering this year’s worst monthly performance after entering August around $29,200 and finishing at ~$25,900. Performance trended sideways during the first half of the month.

As a commodity industry with few differentiating competitive strategies, porting in best financial practices from more mature commodity producers can offer tremendous benefits for public bitcoin miners including increased earnings, reduced risks, and boosted market valuations.

Bitcoin fell modestly in July, declining ~4% after entering the month around $30,500 and finishing at ~$29,200. Performance was weak early in the month as the Fed minutes and the ADP jobs data sparked concerns that more restrictive monetary policy could follow.

With the approval of the first 2x leveraged Bitcoin Futures ETF, we dive into the plumbing of leveraged ETFs and the factors contributing to their frequently misunderstood performance. 

With a decade passed since the filing of the first spot Bitcoin ETF application, we evaluate the latest developments driving renewed optimism around a spot Bitcoin ETF. 

After realizing its first down month of the year in May, bitcoin once again produced positive returns, increasing 12% after entering the month around $27,200 and finishing at ~$30,500.  The apex digital asset fell 8% over the first two weeks of the month on several negative catalysts.