#BTC
Macro and Liquidity Conditions:
Easing Geopolitical Tensions:
Expectations for the U.S.-Iran restart of negotiations weigh on oil prices (WTI -2.12%). Marginal easing of inflation pressure provides support for the valuation of risk assets.
Fed Policy Game:
The Jackson Hole meeting (remarks by Waller) and the upcoming core PCE data will determine the direction of September interest rates (the probability of keeping rates unchanged is currently 60.4%). Volatility in the U.S. dollar and U.S. Treasury yields will directly transmit across asset classes into the crypto market.
Linkage with AI/Tech Stocks:
Nvidia’s after-hours earnings report and tight DRAM supply-demand boost related stocks (e.g., Robinhood up more than 8%). Crypto ETFs continue to see net inflows, and incremental liquidity keeps supporting the broader market.
Grayscale’s ZEC spot ETF debuts on U.S. stocks with $14.8 million in trading volume, closing down 1.54%
On August 26, according to trading data from BIT (Bit.com), Grayscale’s Zcash (ZEC) spot ETF, ZCSH, recorded $14.8 million in trading volume on its first day of listing on U.S. stocks. It rose by more than 3.5% at one point during the session before closing down 1.54%. Grayscale’s Zcash spot ETF is the world’s first exchange-traded product offering spot exposure to Zcash (ZEC). The product previously existed as the Grayscale Zcash Trust, established in October 2017 in a private placement form. Steve Vanourny, Head of Grayscale’s Indexing business, said that Zcash has nearly a decade of network history, a fixed supply cap of 21 million coins, and a PoW mechanism, and also offers optional privacy features not available with Bitcoin. The company positions ZCSH as a high-risk satellite position within a digital-asset portfolio.$ZEC
Macro and Liquidity Conditions:
Easing Geopolitical Tensions:
Expectations for the U.S.-Iran restart of negotiations weigh on oil prices (WTI -2.12%). Marginal easing of inflation pressure provides support for the valuation of risk assets.
Fed Policy Game:
The Jackson Hole meeting (remarks by Waller) and the upcoming core PCE data will determine the direction of September interest rates (the probability of keeping rates unchanged is currently 60.4%). Volatility in the U.S. dollar and U.S. Treasury yields will directly transmit across asset classes into the crypto market.
Linkage with AI/Tech Stocks:
Nvidia’s after-hours earnings report and tight DRAM supply-demand boost related stocks (e.g., Robinhood up more than 8%). Crypto ETFs continue to see net inflows, and incremental liquidity keeps supporting the broader market.
Grayscale’s ZEC spot ETF debuts on U.S. stocks with $14.8 million in trading volume, closing down 1.54%
On August 26, according to trading data from BIT (Bit.com), Grayscale’s Zcash (ZEC) spot ETF, ZCSH, recorded $14.8 million in trading volume on its first day of listing on U.S. stocks. It rose by more than 3.5% at one point during the session before closing down 1.54%. Grayscale’s Zcash spot ETF is the world’s first exchange-traded product offering spot exposure to Zcash (ZEC). The product previously existed as the Grayscale Zcash Trust, established in October 2017 in a private placement form. Steve Vanourny, Head of Grayscale’s Indexing business, said that Zcash has nearly a decade of network history, a fixed supply cap of 21 million coins, and a PoW mechanism, and also offers optional privacy features not available with Bitcoin. The company positions ZCSH as a high-risk satellite position within a digital-asset portfolio.$ZEC