Diversitas

Quick update:

13F fillings are fling in as we are approaching the deadline. The names that are reporting the $BTC holdings are impressive👇

Hightower Advisors: The #2 RIA firm in the U.S. according to Barron’s, managing $122 billion in assets. They own $68 million of bitcoin ETFs.

Bracebridge Capital: A Boston-based hedge fund that manages money for Yale and Princeton, among others. They hold $434 million of bitcoin ETFs.

Cambridge Investment Research: A 40+ year-old firm with more than $170 billion in assets under advisement. They own $40 million of bitcoin ETFs.

Sequoia Financial Advisors: A $17 billion firm based in Towson, Maryland. They own $12 million of bitcoin ETFs.

Integrated Advisors: A Dallas-based firm with 12,000+ clients and $4 billion in assets under management. They own $11 million of bitcoin ETFs.

Brown Advisory: A $96 billion firm based in San Francisco. They own $4 million of bitcoin ETFs.

We also got a few fillings from big banks like JP Morgan, Wells Fargo, Toronto Dominion Bank, and the first pension fund, Wisconsin Investment board (9th largest state pension fund)🔥

The list of big financial institutions owning Bitcoin is getting very long. In short, everyone is buying while the crowd is convinced that the bull market is over. We will soon be trading much higher😉

Have a great day and we will be back with our regular morning updates on Monday🙌

1/5

Morning update:

Price-wise we remain stuck in a tight range but the 13F fillings continue to come in. Yesterday, the largest US bank, JPMorgan Chase, the third-largest US bank, Wells Fargo, and the 8th largest US bank, PNC Bank disclosed buying spot Bitcoin ETFs👀

In addition, 186 wealth managers reported owning Bitcoin ETFs this week🔥 The biggest holdings were reported by Rubric Capital Management ($60m) and Symmetry Investments ($53m)🚀$BTC

2/5

Although we continue to see all those 13F fillings coming from the world's biggest financial institutions, the funding rates remain low as the hype is gone due to this prolonged consolidation😴 The crowd is turning bearish while our newly developed algo (still in testing) just printed a buy signal on a daily chart👀This is the first bullish signal since January 2024 when the big rally started🤔You can also see how precisely it hit the top a few weeks ago. Really looking forward to start using it in combination with our current setup🔥$BTC

3/5

Market sentiment is far from bullish, which can be seen looking at buy-the-dip comments on X (Twitter). The mentions are low, showing that the crowd is losing interest in crypto. Exactly what you want to see in the market😉

4/5

This can be further confirmed by looking at the Youtube views of main crypto channels. During the $BTC mania phase in 2021, these crypto channels were averaging about 3-4M views/day.

A couple of months ago, these channels hit about 2M/day after being around 1M/day for months🤔

Now, they are back to 1M/day👀

Calm before the storm. Everything we need is for the whales to stop manipulating the prices and initiate the rally. Then the short liquidations and FOMO (fear of missing out) will drive up the prices😉