# Сопутствующие статьи по теме ETF

Новостной центр HTX предлагает последние статьи и углубленный анализ по "ETF", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

IBIT Options Metrics Live on Glassnode

Glassnode has expanded its institutional-grade options analytics to include BlackRock's iShares Bitcoin Trust ETF (IBIT), the largest U.S. spot Bitcoin ETF. This development signifies Bitcoin's maturation within traditional finance, as options represent the final layer of a mature financial market, requiring deep liquidity and sophisticated risk management. IBIT options enable asset managers to hedge, traders to access Bitcoin-linked volatility, and analysts to gauge institutional positioning. A key insight is the divergence between IBIT and crypto-native venues like Deribit. For instance, as of May 5, IBIT's 1-month options skew showed a stronger preference for downside protection compared to Deribit's, indicating differing risk appetites between traditional and crypto-native participants. The new metrics suite provides over 40 data points, including open interest, volume, max pain, ATM implied volatility across tenors, and proprietary skew analytics like the IBIT Skew Index. These tools allow professionals to measure TradFi Bitcoin sentiment, compare institutional and crypto-native market views, monitor hedging pressure, and track volatility risk. IBIT options data is becoming a crucial signal for understanding Bitcoin's integration into global portfolios and institutional risk frameworks.

insights.glassnode05/14 11:38

insights.glassnode05/14 11:38

The Semiconductor Century: Investment Roadmap Amidst the 2026 AI Surge

The Semiconductor Century: Investment Roadmap in the 2026 AI Surge This analysis outlines the pivotal role of semiconductors in the 2026 AI-driven landscape. With the global semiconductor market projected to reach ~$9.75 trillion in 2026, AI infrastructure spending by hyperscalers is a primary growth driver, fundamentally shifting demand from consumer electronics to strategic technology assets. The report breaks down the industry into four key segments: 1) Designers (e.g., Nvidia, AMD) who own high-margin IP; 2) Foundries, led by TSMC which manufactures ~90% of the world's most advanced chips; 3) Equipment makers like ASML, the sole producer of critical EUV lithography machines; and 4) Memory specialists such as SK Hynix, crucial for supplying high-bandwidth memory (HBM) for AI servers. It highlights significant companies: Nvidia (dominant in AI GPUs and CUDA software), TSMC (critical but geopolitically concentrated foundry), ASML (monopoly in advanced lithography), AMD (key alternative to Nvidia), Broadcom (leader in custom AI chips), and SK Hynix (leading HBM supplier). For diversified exposure, semiconductor ETFs like SMH, SOXX, and SOXQ are presented. Key investment risks are emphasized: over-reliance on AI demand, acute geopolitical and supply chain concentration in Taiwan, policy uncertainty around export controls, the cyclical nature of memory markets, and high valuations for leaders like Nvidia and Broadcom. Critical 2026 catalysts include the industry's push toward a $1 trillion annual sales milestone, the ramp-up of TSMC's Arizona factory, the deployment of Nvidia's next-generation Vera Rubin platform, AMD's market share progress, and HBM4 supply dynamics. The conclusion advises investors to balance the sector's extraordinary growth against its very real risks—geopolitical concentration, AI dependency, memory cyclicality, and valuation—to make informed decisions.

marsbit05/14 10:40

The Semiconductor Century: Investment Roadmap Amidst the 2026 AI Surge

marsbit05/14 10:40

Buying BTC is Not as Good as Buying Nasdaq, and This Statement Has an Expiration Date

The article, titled "Investing in Bitcoin Has an Expiration Date", discusses the recent narrative on social media that investing in U.S. tech stocks (like the Nasdaq 100) has been far superior to investing in Bitcoin. This sentiment is fueled by performance comparisons showing the Nasdaq 100 significantly outperforming Bitcoin over a specific five-year window starting in late 2021. However, the author argues that such comparisons are highly sensitive to the chosen timeframe. By shifting the starting point to other key market moments—like the COVID-19 bottom (March 2020), the FTX collapse bottom (November 2022), or the pre-Bitcoin ETF approval period (January 2024)—Bitcoin's returns often match or dramatically exceed those of the Nasdaq 100. The popular Reddit chart essentially cherry-picks a period that started near a Bitcoin cycle high and just before the massive AI-driven rally in tech stocks. The core difference lies in their asset structures. The Nasdaq 100, backed by corporate earnings, exhibits a steadier long-term upward trend. Bitcoin is a highly cyclical asset with extreme volatility, where returns are drastically different depending on where in its bull/bear cycle an investment is made. The article notes Bitcoin often acts like a leveraged version of the S&P 500, magnifying both gains and losses. Currently, Bitcoin is in a "cyclically undervalued zone," having corrected ~37% from its October 2025 peak while the Nasdaq hits new highs. Historically, peak narratives about stocks beating Bitcoin have often coincided with Bitcoin nearing cyclical lows, as seen before its major rally from late 2022. The conclusion is that declaring one asset permanently superior to another is statistically flawed; performance is entirely dependent on timing. The real challenge for investors is not picking the "better" asset, but mastering entry and exit timing.

marsbit05/14 08:34

Buying BTC is Not as Good as Buying Nasdaq, and This Statement Has an Expiration Date

marsbit05/14 08:34

Bitcoin at $80,000: Recovery Clear, But Bullish Conviction Lacking

Bitcoin has reclaimed $80K, supported by renewed US ETF inflows, spot buying activity, and a constructive shift in trader positioning. The relative unrealized loss metric has compressed sharply from its February peak, suggesting the sell-off was a shallow correction rather than a deep bear market. However, the recovery lacks the conviction of prior bull cycles, as evidenced by net capital inflows ($2.8B/month) remaining well below the $10B+ monthly thresholds seen in previous major uptrends. Key technical levels show support near $76.9K and resistance around $86.9K. Derivatives markets signal calmer conditions, with implied volatility compressing and skew normalizing, indicating reduced demand for downside protection. While market structure is improving, sustained movement above the current supply zone will likely require stronger spot demand and deeper capital rotation.

marsbit05/14 07:52

Bitcoin at $80,000: Recovery Clear, But Bullish Conviction Lacking

marsbit05/14 07:52

Bitcoin’s Institutional Footprint Expands Exponentially Across Markets – Here’s How Much They Hold

Bitcoin's adoption has shifted from primarily retail investors to significant institutional accumulation. According to analyst On-Chain Mind, institutions now hold a staggering 3.24 million BTC, valued at approximately $261.2 billion. This massive stack is equivalent to nearly 20 years of new Bitcoin issuance. The holdings are distributed across Bitcoin ETFs (42.9%), corporate firms (38.0%), and sovereign entities (19.1%). Concurrently, on-chain data from Santiment shows key stakeholders (wallets holding 10 to 10,000 BTC) have been accumulating more Bitcoin recently, adding over 16,622 BTC, while smaller retail wallets have sold off minor amounts. This sustained institutional and large-holder accumulation, even amid market uncertainty, highlights Bitcoin's evolution into a strategic reserve asset and supports its price stability above $80,000.

bitcoinist05/14 01:01

Bitcoin’s Institutional Footprint Expands Exponentially Across Markets – Here’s How Much They Hold

bitcoinist05/14 01:01

Forbes: The $39 Trillion US Debt 'Crisis' May Trigger A Bitcoin Surge

Forbes: U.S. Debt 'Crisis' Could Trigger Bitcoin Surge The article discusses warnings from prominent financial figures about the precarious state of the U.S. dollar and national debt, and how this could benefit assets like Bitcoin. Hedge fund founder Ray Dalio warns the U.S. is spending 40% more than it earns, with debt at six times income, a historically problematic situation that devalues fiat currencies and lifts gold. Analysts note the U.S. is paying hundreds of billions in net interest on its $39 trillion debt, risking a "debt spiral." Concurrently, JPMorgan analysts suggest a shift in the "debasement trade" from gold to Bitcoin, noting Bitcoin ETF inflows have surpassed those of gold ETFs, especially following the Iran conflict. Billionaire Stanley Druckenmiller predicts the dollar may not remain the world's reserve currency in 50 years, potentially replaced by "some crypto thing." Elon Musk's warnings about a post-fiat era and Janet Yellen's concerns about potential "hyperinflation" under a Trump presidency are also cited as factors that could ignite Bitcoin's price. The piece positions Bitcoin, with its capped supply, as a potential digital gold and hedge against fiscal instability and currency debasement.

marsbit05/14 00:04

Forbes: The $39 Trillion US Debt 'Crisis' May Trigger A Bitcoin Surge

marsbit05/14 00:04

Smart Money Is Moving Back Into Bitcoin — What’s Driving The Surge?

Bitcoin and crypto investment products recorded a significant $857.9 million in net inflows for the week ending May 11, marking the sixth consecutive week of positive flows and the strongest weekly total since late April, according to CoinShares. This surge, a sevenfold increase over the prior week, is seen as a potential structural reset in institutional demand. Bitcoin products attracted the majority at $706.1 million, but inflows were broad-based, with Ethereum, Solana, and XRP products also seeing substantial investments. Short-Bitcoin products experienced their largest outflow of 2026, indicating a reversal of bearish bets. Geographically, the United States led with $776.6 million in inflows, with European markets like Germany and Switzerland also contributing steady participation. Analysts attribute Bitcoin's climb above $80,000 to ETF inflows, corporate treasury buying, and regulatory optimism around stablecoin legislation. The sustained inflow streak presents a pivotal shift, challenging traditional allocators to reconsider the asset class.

bitcoinist05/13 17:03

Smart Money Is Moving Back Into Bitcoin — What’s Driving The Surge?

bitcoinist05/13 17:03

Rally Without Conviction

The macro backdrop remains challenging with persistent inflation and high Treasury yields, but Bitcoin has shown resilience. Despite the recent rally to around $82k from a low of $60k, the recovery lacks the strong conviction of prior bull market cycles. Key on-chain data shows that while the extreme market fear from February has subsided, unrealized losses are low, and ETF inflows have turned positive, the underlying capital inflow remains modest. The current monthly net capital flow is around $2.8B, significantly below the $10B+ levels typical of major rally initiations. Market structure is improving, with renewed spot buying and institutional ETF demand acting as tailwinds. However, Bitcoin faces significant overhead resistance near $87k, where a large cohort of investors bought during the previous consolidation. The path higher will require stronger sustained capital inflows and spot participation to absorb this supply. Overall, this rally represents a structurally supported recovery rather than a full-fledged, high-conviction bull market breakout.

insights.glassnode05/13 14:48

insights.glassnode05/13 14:48

UBS Enters the Fray, 20 Swiss Banks Now Offer Crypto Trading, Covering 2.5 Million Accounts

Global wealth management giant UBS has entered the cryptocurrency market, offering Bitcoin and Ethereum trading to select private banking clients in Switzerland as of January 2026. This move is part of a broader trend in Switzerland, where approximately 20 banks now provide crypto services, collectively covering over 2.5 million accounts. Client data from Zurich Cantonal Bank (ZKB) challenges the stereotype of crypto being solely for the young, revealing that the average buyer is aged 30-50 and predominantly male. Notably, over 40% of these clients previously held no investment portfolio, indicating crypto is activating dormant capital. The business case is proving substantial. For several Swiss banks, crypto-related activities already contribute a significant and disproportionate share of profits, with unit economics often outperforming traditional banking services. This institutional adoption in Switzerland reflects a global trend, with a recent survey showing 73% of institutional investors planning to increase crypto allocations in 2026. Switzerland's early regulatory clarity through its DLT Act and established custody infrastructure have provided a foundation for this growth. However, upcoming challenges include the implementation of the OECD's Crypto Asset Reporting Framework (CARF) in 2027 and ongoing reforms by Swiss regulator FINMA. The final shape of these regulations will be crucial in determining whether Switzerland can maintain its leading position in the global banking crypto sector.

marsbit05/13 02:40

UBS Enters the Fray, 20 Swiss Banks Now Offer Crypto Trading, Covering 2.5 Million Accounts

marsbit05/13 02:40

Bitcoin's Bull-Bear Cycle Indicator Turns Positive for the First Time in 7 Months: End of Bear Market or False Breakout?

Bitcoin's "Bull-Bear Market Cycle Indicator" from CryptoQuant has turned positive for the first time since October 2025. This gauge, based on the P&L Index relative to its 365-day moving average, suggests a potential shift from a bear market phase. Concurrently, the Bull Score Index rose to a neutral reading of 50 in late April. The indicator's move into positive territory follows a roughly 35% price rebound from a low near $60,000 in February to above $81,000. The recovery over approximately three months was faster than the 12-month period observed during the 2022 bear market. However, analysts caution against premature optimism, citing a historical precedent from March 2022. Back then, the Bull Score Index briefly hit 50, but it proved to be a false signal as Bitcoin's price subsequently plunged further. Structural differences exist in the current cycle, including consistent inflows into spot Bitcoin ETFs and an increase in large holder addresses. Yet, some models, referencing the four-year halving cycle, suggest a potential deeper bottom near $50,000 might still be possible around late 2026. In summary, while on-chain data shows marked improvement and the worst panic may be over, market participants remain cautious. A convincing trend reversal confirmation likely requires Bitcoin to sustainably break above key resistance, such as the 200-day moving average near $82,000.

marsbit05/12 10:08

Bitcoin's Bull-Bear Cycle Indicator Turns Positive for the First Time in 7 Months: End of Bear Market or False Breakout?