CRYP - BetaShares Crypto Innovators ETF

[JohnDe]

No. only thing saving it is a weak AUD
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Have to agree with you.

I also think that security is on the mind of many potential buyers.

 

[frugal.rock]

Posted elsewhere.
Main gist belongs here.

Not fully on topic but the timing of posting is interesting in relation to today's move on the crypto ETF
CRYP.

I don't see a reason for it except
pre-emptive contrarian sort of stuff...
Not a huge amount of money flow but interesting none the less.

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[peter2]

This one seems to have snuck past me. Going up and weekly turnover > 2M. Nice BO >2.95. Note the rising volume with lots of HVBBs.

I'm aware of Blackrock's current push to list crypto ETFs. This ETF didn't appear in my scans at the right time. Fixed this oversight.

 

[debtfree]

Just noticed this in an article as the best ETF for 2023, not a bad return for the year 252.65%. Did you get it the second time @peter2 ?

 

[Miner]

Just noticed this in an article as the best ETF for 2023, not a bad return for the year 252.65%. Did you get it the second time @peter2 ?

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Great share.
It's all about the point of entry . The chart shows dec 22 to Dec 23. Looks great.
However on a bigger range of time, it was not so great I noticed.

 

[peter2]

A roller-coaster ride.

 

[Dona Ferentes]

not interred, yet.

 

[peter2]

Bitcoin rallying again within it's recent trading range. I'm hoping it makes another high because I'm holding some CRYP.

If BTC pauses or reverses then I'm selling asap.

 

[peter2]

This speculative position has finally started to move up.
Probably should have added when the meme stocks (GME, AMC) pumped last week. It seemed to be an indication that the highly speculative retail buyers were looking for action. I'm reluctant to add to a losing position more than once in any spec idea. CRYP could never be considered a security that is highly probable to go higher like most commodities.



I'll sell half at the old high target price.

BTW: Buying on the way down is a really dumb idea, but it is addictive. It's so much easier to manage risk when prices have started to go up.

 

[peter2]

Interesting. I can't understand what's happening.

I closed this position as price was near the target and the BTC price had started to fall.



But this CRYP ETF is not falling as the underlying is. I thought it might be due to the AUDUSD but no.
BTCUSD is 10% below it's recent high but this ETF remains just below it's high. Interesting.

 

[qldfrog]

Interesting. I can't understand what's happening.

I closed this position as price was near the target and the BTC price had started to fall.

View attachment 178822 View attachment 178823

But this CRYP ETF is not falling as the underlying is. I thought it might be due to the AUDUSD but no.
BTCUSD is 10% below it's recent high but this ETF remains just below it's high. Interesting.

I played a little bit with this one in the last 6 months..
It is actually worrying if it does not follow BTC, but if you dig a bit , it should not :
CRYPT is to :I quote:
" track the performance of an index (before fees and expenses) that provides exposure to global companies at the forefront of the dynamic crypto economy." so not BTC, ethernum, etc but a set of companies
from their website:

 

[qldfrog]

Note I did the same mistake as I went in out based on crypto currencies move...usually parallel....
But does not have to.
Hope it helps, it helps me for sure

 

[peter2]

Thanks @qldfrog I must have looked at another crypto ETF, as the holding were 100% BTC futures.

It now makes sense why CRYP is stronger then BTC as it holds BTC miners, many of whom are transitioning to data-centres with NVDA GPUs. Had I realised this then I might have held on for longer as many of these stocks are charging higher along with NVDA.

 

[Sean K]

Sailing away.

Never seriously looked at these things except for the technology behind them.