Crypto Brief – March 18th 2021
News
Grayscale adds five new crypto investment trusts including Chainlink and Filecoin https://t.co/zkki1ixdhX
— The Block (@TheBlock__) March 17, 2021
Morgan Stanley plans to offer wealthy clients access to three funds that will enable ownership of Bitcoin https://t.co/BUUApjxOEo via @markets
— Bloomberg Crypto (@crypto) March 17, 2021
A U.S. Bitcoin ETF could be a real thing in 2021 https://t.co/u26L02mi0E via @markets
— Bloomberg Crypto (@crypto) March 17, 2021
Charts
We wanted a visual that illustrated cryptocurrency roots – which cryptocurrencies gave rise to other cryptocurrencies through forks. Here’s what we came up with, a crypto family tree if you will (by @haobing_shuaike): pic.twitter.com/s0jsaPQpRD
— CoinDesk Research (@CoinDeskData) March 17, 2021
Long term relative strength index on investment activity seen on the blockchain showing it's not overheated on fundamentals. pic.twitter.com/fJ5Novr6Z7
— Willy Woo (@woonomic) March 18, 2021
#ETH funding rate relatively flat + exchange reserves at long-term lows.
Short to mid-term looks pretty good.
Chart from @santimentfeed pic.twitter.com/IVXbJgLRJ0
— Jusuf (@TwitmeSerifi) March 17, 2021
Analysis
According to data from the @CMEGroup, the world’s largest futures and options exchange, #bitcoin futures open interest—expressed in contract terms—grew by at least 100% for eight months in a row continuing through in February 2021: by @eltrade https://t.co/LDesMKpUX5
— Forbes Crypto (@ForbesCrypto) March 18, 2021
The latest newsletter from @kaikodata looks at stablecoin drift, and shows that most experienced positive drift more so than negative drift, especially DAI and USDT. What is positive drift? When the price exceeds the $1 peg on the upside. https://t.co/3gEuJtyOnn pic.twitter.com/leS8DdfVTb
— CoinDesk Research (@CoinDeskData) March 18, 2021
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