3x Bitcoin exposure just got cleared in the US and I’m watching what happens next
The SEC has cleared Cboe to list Volatility Shares’ 3x Bitcoin product
But this is not a straight bullish signal for $BTC
The fund targets 3x the daily move through Bitcoin futures and resets daily so the longer term return can behave very differently from simply holding BTC
For me the bigger thing to watch is still the spot market
IBIT flows are giving us a much better idea of whether real demand is actually coming in
Leverage can make the moves much faster
Spot flows tell me where the bigger money is actually going
So I’m watching BTC price action and ETF flows together before making a bullish call
The 3x headline is interesting But the real question is whether spot demand follows it
#BTC $BTC
The SEC has cleared Cboe to list Volatility Shares’ 3x Bitcoin product
But this is not a straight bullish signal for $BTC
The fund targets 3x the daily move through Bitcoin futures and resets daily so the longer term return can behave very differently from simply holding BTC
For me the bigger thing to watch is still the spot market
IBIT flows are giving us a much better idea of whether real demand is actually coming in
Leverage can make the moves much faster
Spot flows tell me where the bigger money is actually going
So I’m watching BTC price action and ETF flows together before making a bullish call
The 3x headline is interesting But the real question is whether spot demand follows it
#BTC $BTC