Mounting Upside Pressure in Crypto Markets Due to ETF Status

Bitcoin (BTC) surpassed $30,000 on Friday morning, marking an over 11% weekly increase, driven by growing optimism about the potential U.S. approval of a spot bitcoin exchange-traded fund (ETF).

Bitcoin’s offshoots, Bitcoin Cash (BCH) and Bitcoin SV (BSV), soared by up to 26%, indicating heightened enthusiasm among investors in altcoins. Amidst this, various ETF providers have updated their applications in the past week, reflecting the increasing push for the U.S. Securities and Exchange Commission (SEC) to be more receptive to a bitcoin ETF.

Earlier, four members of the House Financial Services Committee wrote to SEC Chair Gary Gensler, encouraging the regulatory body to reconsider its position on blocking bitcoin ETFs.

Additionally, there’s rising anticipation around the potential conversion of the Grayscale Bitcoin Trust (GBTC) into an ETF. GBTC holds a significant amount of institutional bitcoin, and Grayscale’s application for a spot bitcoin ETF is amongst others from major players like BlackRock, Fidelity, and WisdomTree.

Traders believe that a favorable decision for Grayscale could stimulate a bullish market sentiment and potentially pave the way for a wider market rally. Lucy Hu, a senior trader at Metalpha, commented on Friday, “The prospects of ETF approval and the recent surge in applications by major firms have boosted Bitcoin’s performance. With the SEC choosing not to contest Grayscale’s recent decision and the upcoming deadline for ETF applications from giants like BlackRock, faith in an ETF green light is growing.” She further added, “Given the upcoming bitcoin halving in April combined with potential ETF approvals, we might be on the brink of a significant bull run in the crypto sector.”

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
possible.

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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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

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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.

Current Top 10 Rankings:

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