Standard Chartered Bank launched a hypothetical Mag 7B index that included bitcoin instead of shares of carmaker Tesla. As a result, it showed less volatility and higher returns. Note that the Magnificent 7 (”Magnificent Seven”) index includes stocks of major U.S. technology companies, namely: Alphabet, Amazon, Apple, Apple, Meta Platforms, Microsoft, NVIDIA and Tesla. Standard Chartered's head of research Jeffrey Kendrick suggested bitcoin could also be added to the index, as it is more closely correlated to the stock market than gold in the short term. ”If it [bitcoin] were included, it would mean more institutional buying, as the asset can serve different investor purposes,” Kendrick noted. The hypothetical Mag 7B index excludes Tesla stock, an outsider among the other members of the Magnificent Seven in terms of capitalization, and includes bitcoin. On closer examination, Mag 7B has shown less volatility and higher returns compared to Mag 7. According to Kendrick, this suggests that bitcoin can be considered both as a risk hedge against TradFi and a contender for inclusion in technology investment portfolios. Mag 7B's average annualized return was 1% higher. It has performed better in five of the last seven years. In addition, its volatility level has been an average of 2% lower. For comparison, Kendrick chose a starting point in the form of December 2017 to make the analysis more honest. According to him, bitcoin is becoming more institutionalized. The way it trades can be compared to NVIDIA shares, while Tesla securities resemble Ethereum rather, the analyst said. CryptoQuant has named key bitcoin price levels for investors CryptoQuant experts named key bitcoin price levels for short-term investors. They added that investors who hold the first cryptocurrency for less than 155 days are classified as short-term. According to experts, those who hold bitcoin for one to three months should pay attention to the $98,000 level. The $89,000 zone is interesting for those who have held the asset for the past three to six months, while the $85,000 level is important for those who have held bitcoin for one to four weeks. Investors who have held their first cryptocurrency for six to twelve months should keep an eye on $63,000. ”These levels are critical support and resistance zones in the short term,” CryptoQuant explained. In addition, experts noted that the rise in open interest and bitcoin price could trigger the risk of cascading liquidations. They believe that if the rally continues, it could lead to a parabolic rise. However, analysts said a possible sharp correction due to the liquidation of positions with high leverage. the next CPI could catalyze an ”April rally” in the crypto market QCP Capital published a report on the crypto market. The company's experts emphasized that April is traditionally a month of growth for high-risk assets. The company believes that the catalyst for growth could come from the CPI report if inflation slowed in March. On April 10, 2025, the U.S. Department of Labor will publish the March value of the Consumer Price Index (CPI). Experts at QCP Capital think that the favorable tone of this report may act as a catalyst for the growth of high-risk assets; As analysts noted, April is traditionally a period of growth for such positions, which include cryptocurrencies. This is confirmed by the data of the portal CoinGlass ; For example, bitcoin closed April ”in the minus” five times, ”in the plus” - seven. Ethereum, in turn, only three times was with a drawdown at the end of this month, with a gain - six times. ”Risk assets had one of their strongest sessions this year, helped by a temporary easing of concerns about the April 2 deadline for tariffs. On Monday, Trump twice signaled that trading partners could seek an exemption or reduction in tariffs, providing a delay that helped calm market swings,” the company said. This refers to the speech of U.S. President Donald Trump on March 24. During the speech, he announced the introduction of duties on cars and also pointed to the possibility of reciprocal benefits, according to Bloomberg . Despite the fact that the recent rise of bitcoin and the crypto market in the company is considered a short-term rebound, experts also see prerequisites for a more sustainable upward trend. The catalyst in this case may be the next CPI report. According to the official website of the U.S. Department of Labor, it will be released on April 10, 2025. A decline in inflation in March could be a factor that will change market sentiment and lead to sustained growth, the firm said. BlackRock has launched a bitcoin-ETP in Europe iShares, a subsidiary of the BlackRock fund, has launched a bitcoin-ETP in Europe, Bloomberg reports. It is supposed to be a spot exchange-traded fund that will invest directly in the first cryptocurrency. According to the product description on the official website , it is traded on the Xetra and Euronext exchanges (in Paris and Amsterdam). The fund's tickers on these exchanges are IB1T and BTCN. The portal states that iShares Bitcoin ETP was created on March 18, 2025. It will be traded from March 25. At the same time, until the end of 2025, the commission for managing the funds will be 0.15%, after that - 0.25%; The fund will invest directly in the first cryptocurrency. The custodian will be a service from the Coinbase exchange and the administrator will be The Bank of New York Mellon. The product is denominated in US dollars. Notably, this is BlackRock's first cryptocurrency exchange product to launch outside of North America; Manuela Sperandeo, head of iShares at BlackRock in Europe and the Middle East, commented on the fund's launch: ”This reflects what can truly be considered a turning point in the industry - a combination of established demand from retail investors and the arrival of more professionals.” As Bloomberg noted, bitcoin-ETP capitalization in Europe stands at $13.6 billion, with some products trading for several years, such as the Bitwise Physical Bitcoin ETP (BTCE), which launched in June 2020. This fund has an estimated $1.11 billion in assets under management (AUM), according to the official website . In comparison, the US-traded iShares Bitcoin Trust (IBIT) has $50.7 billion.
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