Proshares Big Data Refiners ETF

Over the past half month, BTC has fallen quite a bit, mainly due to ETF net outflows. From the data, there were only four or five days of ETF net inflows in May, with outflows on all other days. In fact, there have been continuous net outflows for over ten days from May 15th until now. For liquidity-sensitive assets like crypto, ETF fund flows have a significant impact on daily price movements. Meanwhile, MSTR has also started selling coins to pay interest. Although they only sold 32, which is negligible compared to their total holdings, this breaks Saylor's previous promise of never selling coins. The essence of DAT's business model is to hold the underlying assets long-term, not to buy low and sell high for short-term trading...

Over the past week, the market has been highly volatile due to the Iran conflict. However, cryptocurrencies seem to have bottomed out, with ETH still fluctuating around 1.9k. Against this backdrop, the White House's original March 1st deadline for reaching a consensus on the Clear Act has quietly passed, with news suggesting that the Banking Committee's bill review will restart this month. The macro environment is unpredictable, so I think it's better to return to BMNR's own trend. Since entering 2026, BMNR's mNAV has been fluctuating around 1, and after ETH accelerated its decline to 1.9k in February, the mNAV has moved even closer to 1. From the power law chart, we can also see...

An observation, not necessarily correct, just for personal record: Recently, both Cathie Wood and Tom Lee have publicly spoken out, explaining the reasons for the current downturn in Crypto. Both attributed the reasons to the technical issues of the exchange on 10.10, resulting in a loss of 28 billion in liquidity, and the market sentiment is still recovering. When influential analysts simultaneously use the same rhetoric to discuss the reasons, it means they are trying to establish a certain consensus and narrative, namely that 'the liquidity risk in crypto comes from the technical issues of offshore exchanges.' When users, the industry...

Trading volume has shrunk before the Christmas holiday. ETH has been fluctuating around 3k for most of the past week, being pushed down whenever it broke through 3.1k and bouncing back whenever it fell below 2.9k. Under such market conditions, DAT company also has no significant opportunities. Continue to perform extreme value deduction by tracking mNAV. As of 12.29, the next coin accumulation progress update core assumption: This Monday, BMNR updated its coin accumulation progress, holding 4.06 million coins, with an increase of 98,000 last week, maintaining a high cash position of 1 billion...