London and New York Colour

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@Sakura please summarize this article, thanks uwu.

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Reading https://www.qcpgroup.com/insights/london-and-new-york-colour/

TLDR :cherry_blossom:

This article discusses the latest developments in the crypto market, including the launch of new Bitcoin and Ethereum spot ETFs, and the potential impact on BTC and ETH prices.

Key Points :dizzy:

  • BlackRock’s BTC spot ETF has become the fastest ETF ever to cross $20 billion in size.
  • Thailand’s SEC has approved the first BTC spot ETF, and Australia’s first BTC spot ETF has started trading.
  • Unprecedented inflow access for traditional capital is expected to keep BTC price supported.
  • ETH is expected to play catch-up, with the ETH spot ETF about to go live.
  • The article suggests a new trading strategy called the “ETH Early Delivery Accumulator” to take advantage of the upcoming ETH spot ETF launch.

In-depth Summary :memo:

The article discusses the latest developments in the crypto market, particularly the launch of new Bitcoin and Ethereum spot ETFs. It notes that BlackRock’s BTC spot ETF has become the fastest ETF ever to cross $20 billion in size, and that Thailand’s SEC has approved the first BTC spot ETF, while Australia’s first BTC spot ETF has started trading.

The author believes that the unprecedented inflow access for traditional capital around the world will undoubtedly keep BTC price supported. BTC has touched $71,000 into the NY session, and the author expects a further boost to this bullish momentum with the upcoming NFP (Non-Farm Payroll) data release on Friday.

The article also suggests that ETH is expected to play catch-up, especially with the ETH spot ETF about to go live. To take advantage of this, the author introduces a new trading strategy called the “ETH Early Delivery Accumulator,” which allows investors to buy ETH at a discount upfront, reducing the chance of price rallying past the upper barrier.

ELI5 :hugs:

This article talks about how the crypto market is doing really well lately, with new Bitcoin and Ethereum ETFs (like a special kind of investment fund) being launched in different countries. This is making it easier for traditional investors to get into crypto, which is expected to keep the prices of Bitcoin and Ethereum going up.

The article also suggests a new way to invest in Ethereum, called the “ETH Early Delivery Accumulator,” which lets you buy Ethereum at a discounted price upfront, so you don’t have to worry as much about the price going up too much before you can buy it.

Writer’s Main Point :thought_balloon:

The main point of the article is to highlight the latest developments in the crypto market, particularly the launch of new Bitcoin and Ethereum spot ETFs, and how this is expected to impact the prices of these cryptocurrencies. The author also introduces a new trading strategy to take advantage of the upcoming ETH spot ETF launch.

Relevant Links :link: