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London and New York Colour

QCP Capital2024/06/08 07:46
By:Sue Ann Sim
  • As BlackRock’s BTC spot ETF becomes the fastest ETF ever to cross $20b in size, we are seeing more follow suit with Thailand’s SEC approving the first BTC spot ETF and Australia’s first BTC spot ETF starting to trade today.
  • Unprecedented inflow access for traditional capital around the world will undoubtedly keep BTC price supported. BTC has touched 71k into the NY session.
  • We expect a further boost to this bullish momentum with NFP this Friday. The markets are pricing in 0% chance for a rate cut in June and July, A weaker NFP number might change that. Could this be the catalyst to break all-time highs?

New Strategy Alert
We expect ETH to play catch up here especially with the ETH spot ETF about to go live. Snatch up some ETH at discount with the Early Delivery Accumulator.

Unlike the regular Accumulator, you buy coin at discount upfront (4 observations worth) instead of week by week, thereby reducing the chance of price rallying past the upper barrier.

ETH Early Delivery Accumulator
You buy 12.5% of your deployment upfront at 3380 (11.4 discount to spot!). From the 5th week onwards, you buy at 3380 every Friday as long as spot price is below 4400.
Expiry: 20-SEP (16 weeks)
Strike: 3,380 (-11.4%)
Early Delivery: First 4 weeks are settled immediately
Upper Barrier: 4,400 (+15.33%)
Observation Frequency: Weekly starting from 5-JUL
(ETH Spot Ref: 3,815 )
*please check with the desk for additional details

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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