Bitcoin ETFs Finally Released! (Volume Leaders Today)

Reporting by Nick Baker

Bitcoin ETFs have been eagerly anticipated for years. They finally got approved in the U.S. on Wednesday and began trading Thursday. As of 10:15 a.m. ET (15:15 UTC) on Thursday, here is a ranking of the 11 funds by first-day trading volume, according to BitMex Research.

Here’s the full list of the eleven ETFs as of 10:15 a.m. ET (15:15 UTC) on Thursday.

In comparison, ProShares’ futures-based bitcoin ETF (BITO) amassed $1 billion volume on its first day in October 2021. The largest-ever first day volume for an individual ETF launch was $2.1 billion, Bloomberg ETF analyst Eric Balchunas pointed out.

Bitcoin ETFs that can directly hold the underlying asset have been eagerly anticipated in the U.S. following a decade-long struggle to seal regulatory approval. They finally got approved in the U.S. on Wednesday and began trading Thursday.

Bitcoin (BTC) topped $48,000 hitting a fresh two-year high during the day as the ETF trading frenzy commenced.

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

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What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
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The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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What is the goal of this portfolio?

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.

This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.

To give an update on the position, each one listed in low to high relative risk:

SoV/money == BTC, DCR

Platforms == ETH, XTZ

Private Money == XMR / ZEC / ZEN

DeFi == MKR / SNX and stablecoins

It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

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