This week, we’re going to take a closer look at liquidity in the context of BTC’s supply overhang. Namely, we’ll examine what to watch as Mt. Gox redistributions continue and governments sell their BTC holdings.

이번 주 리포트에서는 비트코인(BTC) ETF가 현물 BTC 시장 구조에 미친 영향을 분석하겠습니다. 특히 거래 활동과 유동성 측면에서 BTC ETF가 어떤 변화를 야기했는지 확인해 보겠습니다.

This week we will take a closer look at BTC ETFs. What impact these structured products have had on spot BTC market structure, namely through trading activity and liquidity.

This week we’ll provide an update on the state of play in crypto derivatives. We look at the different types of derivatives contracts, what’s driving volumes and how institutional players are positioned.

This week we’ll provide an update on Bitcoin’s fourth halving, the impact its having on the market so far, and what to will drive demand in the coming months.