Weekly Cryptocurrency Commentary

Global MCAP of cryptos is US$2.47T (near all time-highs), up 18% WoW, and 450% YoY.

Total Cryptocurrency Market Cap

Source: Coinmarketcap

Performance of Select Cryptos
Cryptos were up 2% on average last week.

Performance of Select Cryptos

Source: FRC / Yahoo Finance

Companies operating in the crypto space are trading at an average EV/R of 18.1x.

Source: S&P Capital IQ/FRC

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.