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CRYP - BetaShares Crypto Innovators ETF

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Dona Ferentes

beware the aedes of marsh
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CRYP, the BetaShares Crypto Innovators ETF has started trading on the ASX today.

The new BetaShares fund, like ProShares Bitcoin Strategy ETF (NYSE: BITO). in the US, will not directly put investors' money into cryptocurrencies.

Instead, it will “aim to track” the Bitwise Crypto Industry Innovators 30 Index before fees and expenses.


According to Bitwise, the top 3 holdings in the index as of October 28 were:
  • Galaxy Digital Holdings Ltd (TSE: GLXY): 12.95%
  • Coinbase Global Inc (NASDAQ: COIN): 11.15%
  • MicroStrategy Incorporated (NASDAQ: MSTR): 9.79%
 
Up 7% today a few days after listing.

Will be very interesting to see how this goes up with Bitcoin about to start a bull run.

If btc goes from currently 90k (AUD) to $150k, will cryp x2?
 

So, no Bitcoin, or Ethereum or any fangled pseudo-currency. But if the gold ain't there, the pick and shovel suppliers will get hit, anyhow

Down 12.75% today after the weekend. Now $8.69
 
I finally watched this presentation yesterday. I actually stopped watching after 1-2 minutes and had it playing in the background whilst I was ironing. It went completely over my head. I had no idea whether or not their claims were correct or not correct. Ironing seemed more important at that time.

Not sure if I should continue to subscribing to Livewire YouTube feeds. I never pay attention, I don’t understand what most fund managers are talking about. At least my skateboard and surfing are more interesting to me.
 
Dona Ferentes said:
But if the gold ain't there, the pick and shovel suppliers will get hit, anyhow
Click to expand...
Normal pick and shovels can dig silver, lead, other metals, even help with gardening and maybe horse manure as well. Are these types of ‘pick and shovels’ so bound up with this coin based technology that it cannot be used for any other block chain technology?

Maybe “my“ Shovel is so much better than your simple shovel from Bunnings because only “my“ shovel can dig gold while yours is stuck with horse manure ?. Therefore, someone must pay much more for “my“ shovel.

Sorry, my post is showing a lack of understanding.
 
I have selected CRYP in this Feb monthly comp
My reasoning is Simple
Diverging Technical Instruments as seen in the charts
 

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Sorry to trouble you @Captain_Chaza it looks like there may be some dark clouds coming over the horizon, should we batten down the hatches?

 
No Way !!

Brave and Loyal 1st Mate Ann
Just put your wet weather gear on and hold on tight
I have signed on for the whole month (ie: FEB) in this Competition
But In real life I am in for at least the next 4 years
These Cripto Assets seem to work in ~ 4 year cycles after the bottom

Bon Voyage and Stay well
 

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Well we have just broken thru those dark clouds you refereed to
I hope you are on board
Please send me your private Email Address
Is this is permitted on this forum

I have a few very personnel thoughts
 

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frugal.rock said:
And -20% probably just grew to -40%, come Monday morning....
Click to expand...
The only innovation that CRYP seems to have pulled off is timing to launch such that it's downhill all the way

Now $3.36 and down a further 15%.

Oh to be a true believer.

(DNH)
 
Might be coming of the bottom, or just riding todays wave. $0.080 (3.17%)

 
Like many stocks and funds may well be close to bottom, watching with interest.
 
A few days ago, I come across info that pointed to crypto coin, specifically Bit Coin, having reached close to the bottom.

Today it drops again.

Is this the bottom
 
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