Weekly Cryptocurrency Commentary
Global MCAP of cryptos is US$2.47T (near all time-highs), up 18% WoW, and 450% YoY.
Performance of Select Cryptos
Cryptos were up 2% on average last week.
Companies operating in the crypto space are trading at an average EV/R of 18.1x.
The first bitcoin futures ETF in the U.S. is expected to start trading tomorrow. The Securities and Exchange Commission (SEC) approved its listing last Friday. We believe this a major endorsement for the sector.