ARB Letter - BTC ETF Week

017 - How will you generate alpha this winter anon?

EXOTIC MARKET INTELLIGENCE.

Thursday - October 18th 2021


EXOTIC MARKETS

Good morning ladies and gents, we have an extremely interesting week coming up and some hilarious stories to touch on. Buckle up. Third-quarter earnings are set to ramp up this week with expectations of several formal Bitcoin ETF approvals as well. As of right now crypto bounced off a brief sell off Sunday to be in striking distance of all time highs once again.

Bulge Bracket Banks like JPMorgan Chase (JPM) to Goldman Sachs (GS) kicked off the Q3 earnings season with solid momentum. Asia stocks and U.S. futures dipped Monday as climbing energy prices increase worries about inflation, bond yields moving higher.

  • An exchange-traded fund (ETF) tied to the Bitcoin is set to begin trading on the New York Stock Exchange tomorrow, a milestone for the industry and good sign crypto is here to stay. We will continue to release updates on ETF devlopments

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    More on the Interactive Brokers launch HERE.

  • Initial reports from Prospect indicate Jerome Powell may have dumped over $5M of securities before a major drop in the months during the pandemic, more on this as we hear

EXOTIC NEWS

Mark Minervini, the trader who recently climbed to internet fame for claiming to encounter audio issues when asked what the company (Upstart) of the stock he was trading does. The original video is below. Since the increase in twitter retweets and posts of his original video, Minervini has gone on an insane tirade, flexing like a hardo with diesel alpha activities to flex on haters and trolls.

A post shared by Arbitrage Andy (@arbitrage.andy)

First he released a video of himself in his Lambo, with his wife or mistress filming? He burns out in the upscale neighborhood Need for Speed style and flips us off.

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Then he posted some videos from the gun range of him shooting Troll targets. He seems super pissed at the trolls for someone with so much wealth. Should he be ignoring the haters?

Minervini says the fame and traffic is increasing his product sales. Insecure face saving or marketing genius, you decide. Slow draw though.

Let’s see how this plays out - what do you guys think of Minervini? Is he flexing on trolls or going too far? Let me know in the comments.

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NEW CRYPTO MERCH DROPS - ARBITRAGE

BTC 15 Minute Chart as of 12:25pm ET

My unofficial guess for a price target we see this week with ETF momentum from BTC is $72 - $76K. For ETH, I would wager it sees $5,000 before the end of October. Let me know where you think the pair will be trading as we see more and more announcements this week on institutional involvement and ETF approvals.

I should remind my readers as a BTC investor I recommend owning your Bitcoin (buy-directly through an exchange and use a hardware wallet) and largely avoiding these institution led formalities, many of these vehicles will inherently become centralized and bureaucratic which are features Bitcoin aims to alleviate. You are watching the real time cope of boomers and traditional finance professionals as they face a behemoth paradigm shift. If you have any questions throw them in the comments.

While we have focused much of our coverage and analysis on BTC we will be diving into some of the most popular alts this week as well as stock plays for the fast approaching new year!

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