Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Just wondering why this is having an issue getting past 6.35 and then it slips back when bitcoin is exploding upwards. Although not directly related I thought with all the excitement of bitcoin currently that we would be much higher. Any opinions?
I had exactly the same thought. This is a fund of Coinbase, Microstrategy and Mining stocks. It normally moves up at a multiple of BTC , yet Tuesday it inexplicably dumped at 15:00 and then again yesterday at 14:20. There is no reason for this other than someone dropping a big sell order in and generating a negative wave. Argo Blockchain did almost exactly the same thing . Both of these should be up 30% given the BTC move yesterday.
These are entities that literally make, store and make a profit out of BTC dealing, they should be soaring.
Many of the US miners were down overnight and it started just as the US opened at 2.30pm yesterday despite BTC going on a run . Miners tend to lag BTC highs historically. Frustrating…
US miners again down so the inevitable on DAGB for now.
Slightly disappointing price action here!
3 days in a row now, sudden slump in SP just before USA opens. There appears to be a disconnect now between the price of BTC / miners and DAGB ....very odd. Even on days the USA miners are doing well and BTC strong, DAGB lags behind . I thought this EFT was a "tracker" of the miners??
The 5 and the 13 ema crossed over at 4pm GMT so BTC will be marked down. How much for how long??? I disagree @bone the miners I think go up in advance of BTC. They spike up they spike down. These are volatile stocks. I hold some and trade some. Works for me ...mostly. The disconnect between BTC - DAGB - Miners -UK time and USA time Is good for trading this ETF.
The price of miners depends on perception. Last BTC rise people thought miners would be hugely profitable. This time the halving is a fear factor.
I am relatively new to this board and this ETF, so sorry if it is common knowledge, but it seems that the Discount/Premium to NAV (which can be easily viewed on trading-view) plays an important role on the price of this. Over the past 5 days, this has been fluctuating significantly. Might be worth taking note of this
Yes, we do and the timings with US markets and DAPP.
Just noticed MSTR is up 20% today. Before the recent listing of BTC ETFs in the US, MSTR traded at a premium to its BTC holdings, which could be justified to some degree as it was the go to proxy for US equity market exposure to BTC.
Following the listing of the ETFs, which are highly liquid and closely track the value of their BTC holding, there is no longer a case for MSTR to trade at much if any premium at all. However, MSTR has gone vertical since the ETF listings and is now at a whopping 43% premium. I have plenty of exposure through DAGB, but honestly, it's seems ridiculous. Can investors not do even the simplest of valuations? They'd get far more bang for their buck buying one of the ETFs, never mind a crypto baskets at a deep discount like KR1. But, who cares. The're piling in regardless.
There seems to be switching from other crypto related companies, particularly miners, to MSTR, which is stifling their progress. My guess is Saylor is about to do a huge placing at MSTR into this rise and will use the proceeds to buy loads more BTC, which should turbo charge the bull market, so the current outpeformance of MSTR may be a blessing in disguise for the whole sector.
Anyone have a different take on MSTR, that might explain what is going on?
Beta 1.5x BTC.
Business intelligence and artifical intelligence cashflows.
FASB accounting valuation uplift.
my feeling is very similar on this regarding mstr. was closely aligned to btc valuation pre etf but disconnected completely recently. basically priced in btc at $100k (*** packet maths) so either btc catches up or must be due a correction imo. i am assuming the relative drop on dagb is due to the upcoming halving which is being priced in which feels quite late so maybe oversold, only drawback with an etf is it’s quite time consuming to work through the numbers for 20 companies to calculate relative value to confirm this (please share if anyone has done this :) ).