Market Insights
Article by Sue Ann Sim
Trade Idea:
With the S-1 approval delayed, we expect ETH to continue lagging in the short term but eventually outperform BTC once the ETF starts trading.
Accumulate ETH at discount immediately with our revised early accumulator to receive more ETH upfront now.
Early Delivery Accumulator 2.0 (ETH)
On a 500,000 USD Deployment, you will buy 35.7316 ETH at 3500 ETHUSD (9% discount). ETH is credited to your account immediately.
From the 5th week onwards, you will buy at 3500 every Friday as long as the spot price is below 4450.
Maturity: 20SEP24 (16 weeks)
Strike: 3,500 (-9.09%)
Upper Barrier: 4,450 (+15.58%)
Observation Frequency: Weekly starting from 5JUL24
(Spot Ref: 3,850 ETHUSD)
The US equity market surged to new highs following Powell’s statement that the US economy is progressing along its disinflationary path. However, this bullish momentum
Market attention is currently focused on the potential approval of a spot ETH ETF. While the earliest rumored approval date is July 2nd, we believe
BTC kicked off H2 by surging from the 60k region to 63.7k after last week’s false break below the 60k support level. BTC spot ETF
An onslaught of bearish headlines throughout the week has taken BTC back down to the 60k support region. Can this level hold? Our view Trade
We think the 60k support will be defended because: 1. The German government is slowing down the pace of sending BTC to exchanges, with only
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