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Opening Bell - Issue 30

Research1 October 2024Copper
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Prepare for the week with key data points and trends in the digital asset marketplace.

Opening bell | Issue #30 report highlights:

  • Bitcoin ETFs added nearly 20,000 BTC last week, averaging over 1,200 BTC daily. Our calculations show that over 1mn BTC can be accumulated by US election time. Estimates say that a positive outlook would see Bitcoin hit $100k by the time Inauguration comes.
  • Despite slow growth in crypto OI, CME's OI has surged by 119% this year.
  • Ethereum ETFs saw significant inflows last week but are down 30% in value since launch.
  • Bitcoin's trading volumes in 2024 are on track to surpass 2021's figures, currently at $10.8 trillion.

Download to read the latest report in full.

Opening Bell | Copper