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Started By
Message
re: Official CryptoTalk Thread
Posted on 1/12/24 at 7:25 am to slackster
Posted on 1/12/24 at 7:25 am to slackster
Yesterday was historic but lets be honest, it was a let down.
Volume was off the charts and broke many records but inflows were not what was predicted.
Now, MANY brokerages are not allowing their clients to buy the Bitcoin ETF which contributed to the let down.
Vanguard being the largest of that list.
AUM was expected to be 2-4 Billion for the new players in the first 48 hours, yet yesterdays inflows didn't even hit 50 million.
Things can and will change, but as of now, WallStreet is not interested in Bitcoin.
ETA: Someone check my numbers. This is what I was able to find on twitter and various articles.
Volume was off the charts and broke many records but inflows were not what was predicted.
Now, MANY brokerages are not allowing their clients to buy the Bitcoin ETF which contributed to the let down.
Vanguard being the largest of that list.
AUM was expected to be 2-4 Billion for the new players in the first 48 hours, yet yesterdays inflows didn't even hit 50 million.
Things can and will change, but as of now, WallStreet is not interested in Bitcoin.
ETA: Someone check my numbers. This is what I was able to find on twitter and various articles.
This post was edited on 1/12/24 at 7:27 am
3
Posted on 1/12/24 at 8:08 am to I Love Bama
I honestly didnt expect a huge change, kinda figured the approval was already priced in.
Honestly it needs a more gradual climb up instead of that meteoric rise were all hoping for lol
Honestly it needs a more gradual climb up instead of that meteoric rise were all hoping for lol
Posted on 1/12/24 at 8:43 am to I Love Bama
quote:
lets be honest, it was a let down
Not for my ETH bag
Posted on 1/12/24 at 9:51 am to I Love Bama
On to the halving narrative. Hopefully that will be the next catalyst.
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