Bitcoin ETF

Bitcoin

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<p dir="ltr">Eric Balchunas, Senior ETF Analyst at Bloomberg, has&nbsp;<a href="https://twitter.com/EricBalchunas/status/1767903596627067374">provided insights</a> on the autopsy report of the defunct Inverse Cramer Exchange-Traded Fund (ETF).&nbsp;</p>
<h2 id="jim-cramer-s-etf-design-flaws">Jim Cramer's ETF design flaws&nbsp;</h2>
<p dir="ltr">Balchunas pointed out critical flaws that plagued the ETF from its inception. The analyst noted that the fund, designed to capitalize on Cramer's stock picks through a long-short strategy, failed to attract investor interest due to high fees and a flawed design that hindered its performance even during favorable market conditions.</p>
<p dir="ltr">Unlike traditional ETFs that typically adopt either a long or short position, the Inverse Cramer ETF followed a long-short strategy, where many of its stock picks offset each other's performance, rendering a breakout next to impossible. Balchunas noted that thematic ETFs like this often require breakout performances to attract investors, a feat the fund could not achieve due to its structural limitations.</p>
<p dir="ltr">The irony of Cramer's ETF struggle is palpable, especially considering his vocal criticisms of Bitcoin. In January, Cramer warned of a potential downturn in Bitcoin's value, citing concerns about its rapid appreciation.&nbsp;</p>
<blockquote>
 <p lang="en" dir="ltr">I wrote a post-mortem on the Inverse Cramer ETF, which never had chance thx to its long/short design. An ETF like this needs a shiny object moment (a la SARK) and you can't get that if holdings canceling each other out. From our new monthly "Autopsy Report" <a href="https://twitter.com/SirYappityyapp?ref_src=twsrc%5Etfw">@SirYappityyapp</a>… <a href="https://t.co/K7wgTV5JNt">pic.twitter.com/K7wgTV5JNt</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1767903596627067374?ref_src=twsrc%5Etfw">March 13, 2024</a>
</blockquote> 
<p dir="ltr">However, Bitcoin has defied expectations, surging to an all-time high of $73,000 and continuing its upward trajectory. At the time of writing, Bitcoin is trading at $72,300, with a market capitalization of $1.4 trillion.</p>
<h2 id="rise-of-bitcoin-etfs-and-institutional-adoption">Rise of Bitcoin ETFs and institutional adoption</h2>
<p dir="ltr">In stark contrast to Jim Cramer’s ETF struggles, Bitcoin spot ETFs have&nbsp;<a href="https://u.today/bitcoin-spot-etfs-near-60-billion-in-net-assets-amid-heavy-trading">amassed</a> a total net asset value of $58.36 billion, spurred by regulatory approvals allowing institutional capital to enter the market.&nbsp;</p>
<p dir="ltr">Through BlackRock, Fidelity Investments and Ark Invest, among others,&nbsp;<a href="https://u.today/bitcoin-etfs-seeing-record-inflows">more capital inflow</a> through spot Bitcoin ETF is imminent in the long term.</p>
<p dir="ltr">Bernstein, a global asset management firm, has expressed growing confidence in Bitcoin's potential, with&nbsp;<a href="https://u.today/bernstein-sees-bitcoin-reaching-150000">forecasts</a> suggesting a potential price surge to $150,000. The firm sees the recent dip in Bitcoin miner stocks as a buying opportunity, anticipating further price appreciation fueled by the upcoming halving event.</p>

'Autopsy Report' of Bitcoin Critic Jim Cramer ETF Unleashed

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