Altcoin News Official TheBitTimes.com

In the short term, the spot Bitcoin exchange-traded fund (ETF) launch has failed to meet market expectations regarding the valuation of most assets. Indeed, the approval turned out to be a “buy the rumor, sell the news” event, with Bitcoin (BTC) briefly retesting the $49,000 mark before correcting amid an over $80 billion outflow in market cap. In an X (formerly Twitter) post on January 15, reformed hedge fund manager and managing partner at the Bitcoin Opportunity Fund, James Lavish, outlined five insights into why the spot Bitcoin ETF failed to meet expectations . A significant portion of his assessment centered around the Grayscale Bitcoin Trust (GBTC).  Lack of ‘God Candle’ moment According to Lavish, the absence of a significant surge in capital and the anticipated ‘God Candle’ moment may have contributed to the overall perception of the Bitcoin ETF launch as falling short of expectations. He pointed out that the lack of this moment failed ...

Author:Shawn Source: https://shawn.mirror.xyz/o0TQHboHKVWfBaxNknBH4OjtXOgUwuBFPzchJWmodho Editor’s Note: Mirror was founded in 2020 and is not only a blockchain-powered content creation platform but also a community collaboration platform . It offers a wide range of Web3-native publishing and economic tools to support creators, communities, and DAOs. These tools include, but are not limited to, article publishing (Entries), crowdfunding (Crowdfunds), digital collectibles (Editions), auctions (Auctions), collaborative contribution splits (Splits), and community voting (TokenRace). On June 2, 2021, Mirror raised a funding round with a valuation of at least $100 million, securing a minimum investment of $10 million. Notable investors participating in this round include USV and a16z. Over the past two years, the content publishing platform Mirror has been constantly grappling with strategic uncertainties, including disputes over curation direction, product vs protocol, and challenges i...