QCP

In the wake of the BTC spot ETFs, the most striking phenomenon has been the size and scale of the Basis trade. This year, selling the Spot-Forward Basis (i.e. buying spot and selling forward simultaneously to lock in the forward premium) has been a guaranteed-return, zero-downside strategy. In the most recent quarter, the Basis spread reached highs of over 40% p.a. Reach out to sales@qcp.capital for our latest Q3 Strategy Guide & CIO Commentary.

The day has finally arrived. Market tension is rising across stocks, treasuries and crypto, ahead of what’s shaping up to be one of the tightest U.S. presidential races in history. The "Trump trade" has seen a surge, with investors favoring the dollar, crypto, and higher Treasury yields. But a Harris victory could flip this trend, sparking potential overnight market shifts. Crypto traders are eyeing a 3.5% BTC swing on election night, though they may be underestimating post-election risks. With volatile market moves on the horizon, what could it mean for your strategy? Read on about what the Election could bring for your portfolio: https://lnkd.in/gf-EUMD5 #Elections #Crypto #BTC

We were privileged to participate as a panelist in the Hong Kong FinTech Week 2024 panel to converse about the developing trend of innovative financial products. Throughout a significant dialogue, along with CYNTHIA WU, Stefan Rust & King Leung, our Founder & CIO Darius Sit engaged in a comprehensive discussion on the transformative potential of ETFs in the realm of virtual and digital assets. By exploring the evolving landscape of investing, will ETFs serve as a bridge between traditional and crypto finance? A huge thank you to everyone we met, connected with and learnt from - we're excited to continue contributing to this discussion on the future of crypto-finance. #HKFTW24 #CryptoInvesting #ETF #DigitalAssets

Polymarket odds are converging with recent polling, showing Trump narrowly leading at 55%—down from 66% just a week ago. Market signals remain cautious: weekend price action was flat, and leveraged perpetual positioning has decreased from $30B to $26B. Options markets, however, suggest an appetite for upside, with increased buying of Nov-end 75k Calls and election-date volatilities rising. Will this lead to a break from the multi-month range? Discover our full analysis on potential market moves tied to election results here: https://lnkd.in/gPMM3RYv #Election2024 #BTC #Crypto

Last week's data delivered surprises: Core PCE inflation ticked up slightly (2.7% YoY), while Nonfarm Payrolls fell well below expectations (12k vs. 110k), sending the DXY above 104 and US Treasury yields to a four-month high ahead of Election Week. Bitcoin neared an all-time high, with BlackRock’s IBIT alone seeing a $872 million day. Despite BTC’s dip below $69,000 Friday, open interest in BTC futures and options is still elevated, signaling robust market interest. With election-related risks high, volatility is expected—especially as Trump’s odds slipped to 57%, and Harris rose to 43%. Buckle up for a potential market shakeup. Read more of our roundup here: https://lnkd.in/g8EjKhcW #Bitcoin #BTC #Crypto #Electionweek #Marketupdate

In the past few days, #BTC has experienced a remarkable rise of over 8%, surpassing the $73k mark, fueled by strong ETF inflows and shifting political dynamics. With swing states leaning towards a crypto-friendly candidate and significant economic indicators on the horizon, we’re at a critical juncture. As we await the NFP report and earnings from major tech firms, the big question remains: Will this momentum sustain for #BTC and the "Trump Trade," or are we poised for a market reversal? Read the full analysis here: https://lnkd.in/gppJDDTk

Bitcoin has broken the $70k barrier for the first time in over seven months, surging 3.5% thanks to nearly $1 billion in spot ETF inflows last week. This bullish sentiment extends to crypto equities, with miners like Core Scientific (CROZ) rising 6.2% following a Jefferies upgrade to ‘buy.' Notably, Emory University has made headlines as the first endowment fund to invest $15 million in Grayscale Bitcoin Mini Trust, highlighting the increasing interest in digital assets among traditional funds. With rising expectations around a potential Trump victory boosting both stocks and Bitcoin, we believe BTC is well-positioned for medium-term gains. How do we gear up for a potential upside? Read our article for more: https://lnkd.in/gYurFBBN #Cryptomarket #Bitcoin #DigitalAssets #Blockchain #CryptoETFs #Election2024

Trump’s recent appearance on the Joe Rogan Experience has turned heads, with over 32 million views, boosting his election odds and sparking renewed interest in BTC’s market dynamics. Yet, while October typically drives robust gains for BTC, it’s lagging this year with just an 8% uptick. Will BTC defy the odds and push past $70k as election day approaches? Alongside open interest reaching new heights, it’s shaping up to be a pivotal week. Read on about what could drive BTC’s next big move here: https://lnkd.in/ggMTCtCK #BTC #Uptober #Election

This past week saw a rollercoaster of action in the crypto market, with BTC retesting its July high of $69,500 before finding support at $65,000 and settling into a consolidation pattern. Notably, institutional interest remains strong with BTC ETF inflows hitting $997.7 million—our third consecutive week of positive flow. Bitcoin dominance also climbed, reaching 59.75%, while ETHBTC hit a new low. Meanwhile, USDT faced brief turbulence after news of a U.S. investigation, but Tether has refuted the claims, and USDT has since recovered. Geopolitical tensions impacted global markets, with the DJIA, S&P, and BTC all dipping on Friday. As we look forward to the upcoming non-farm payroll data, the market’s expecting a 95.1% likelihood of a 25 bps Fed rate cut in November - next week’s data may give us further insights into the Fed’s next moves. Read our full analysis here: https://lnkd.in/grnugjnV #BTC #ETH #crypto

With just two weeks until the US elections, the market is buzzing with anticipation. Trump's rising lead and shifting swing state dynamics are prompting significant movements across financial markets, impacting everything from the USD to cryptocurrency. As the S&P 500 approaches all-time highs and BTC nears $69k, investors are closely watching the upcoming NFP report. This data could be pivotal for understanding the Fed's next moves on interest rates and overall market direction. What implications could these developments have for your investment strategy? Read the full analysis here: https://lnkd.in/gVfJuAvz