Our new BVIV-US Index (ticker: BVUS) is the foundation for volatility products in the U.S. market! 🦅🇺🇸
It tracks the rolling 30-day implied volatility of the IBIT (BlackRock BTC ETF) options, the most liquid Bitcoin-linked options in the U.S.
Volmex everywhere
Introducing the BVIV-US Index (Volmex Bitcoin ETF Volatility) 🦅🇺🇸
Built on IBIT (iShares Bitcoin Trust ETF) options data, the most liquid regulated Bitcoin options in the United States.
Track it today on Volmex Charts, TradingView, Bloomberg Terminal, and LSEG Data & Analytics (formerly Refinitiv).
The ticker is $BVUS.
Trade it soon.
charts.volmex.finance/symbol…
$ETH is simply ultra bullish. The fundamentals have never been stronger:
• Public companies buying $ETH (e.g. Meitu)
• EIP-1559 slated for July
• Optimism mainnet launching soon; Other scaling solutions live today
• DeFi TVL ATH (~$40B)
• ~$6.5B ETH staked
When $100k ETH?
Measuring the robustness of crypto communities via @Meetup:
Bitcoin:
- 4,708 groups
- 1,695,193 members
Ethereum:
- 3,298 groups
-1,229,309 members
Bitcoin Cash:
- 82 groups
- 8,786 members
Litecoin:
- 104 groups
- 37,483 members
Sharing a few quick thoughts on why I find $VINE intriguing.
Vine invented video-based social media.
The Vine trademark and company are owned by @X, which Elon Musk owns. @rus, a doxxed NYC-based entrepreneur with something to lose, is smarter than purposefully violating the Vine trademark.
@rus has recently posted test Vines to X, hinting at the X / Vine integration.
The timing of the TikTok shakeup and a potential new U.S.-based majority owner is also not coincidental. Elon likely wants to jumpstart Vine to compete with TikTok and its new owner (which could be Microsoft, the biggest backer of Elon's nemesis, OpenAI / Sam Altman).
Yesterday, @rus said Jake and Logan Paul “know what they’re doing” regarding posting a 6-second video to X.
Vine has an edge in the AI video war by having access to unique proprietary video data.
It would be fitting for Elon to pioneer the crypto capital markets and launch a token, especially right after President Trump launched a token.
Higher.
Proud of everything the @volmexfinance team has accomplished to date. Naming a few…
- Industry's first BTC and ETH volatility benchmark indices in market
- Industry's first BTC and ETH volatility indices on @tradingview, the top result for "Bitcoin Implied", "Ethereum Implied"
- Integration with @CoinMarketCap
- Industry's first BTC and ETH volatility index perpetual futures contracts in collaboration w/ @bitfinex
- Industry's first BTC volatility index OTC structures with top desks
Now, we are at another inflection point.
- Growing $BVIV and $EVIV perpetual futures liquidity.
- $BVIV$EVIV Index perpetual futures DEX markets
- New Volmex indices
- More collaborations and partnerships
- [Top secret redacted]
Join us in building the industry's leading crypto volatility indices + products. Or get out of the way. $BVIV$EVIV
Proof of work will soon be a relic of the past. One day, we will tell future generations how it once took an entire room of hardware to achieve consensus, and laugh.
My gut tells me spot BTC and ETH ETFs are approved sooner than the market expects, which will catalyze the market materially. ~$50k / Bitcoin before end of this year and $100k+ first half 2024 are both possible
This combined with current macro backdrop + USD debt problem and the role of a non-state money moving forward, upcoming Bitcoin halving, and inevitable interest rate cuts, crypto will increase over a short and long term time frame, in my opinion. A perfect storm. We will see a $10 trillion total crypto market cap in next few years
This positive spot price action will lead to further increasing $BVIV$EVIV levels, increasing volatility of volatility, and persistent spot-volatility correlation. Overall bullish for @volmexfinance BVIV EVIV derivs trading activity
Over the past month, fiat-collateralized stablecoins built on Ethereum have seen substantial inflows.
30 day change in supply:
• $USDT: +51.5%
• $USDC: +55.4%
• $PAX: +26.5%
• $BUSD: +186.0%
• $HUSD: +74.7%
Ethereum's stablecoin economy is growing at a staggering rate.
I expect the market cap of $ETH to exceed $1 trillion in the coming years due to three primary drivers.
- ETH locked in DeFi
- Staking / ETH 2.0
- EIP-1559
$10k / ETH is starting to feel like a conservative price target.
LN over the past 30 days:
- Number of Nodes: +20.2%
- Number of Channels: +44.6%
- Network Capacity: +22%
- Nodes w/ Active Channels: +31.4%
Thanks, 1ml.com.
EIP-1559 will drastically improve the economics of $ETH by burning a portion of ETH in every transaction.
When implemented, Ethereum network usage will result in direct value accrual.
There will be a structural bid for $ETH via ETFs, just as there is for Nasdaq / $QQQ for the U.S. tech market, and $NVDA for AI
Investors will bid ETH ETFs, an index of the entire onchain economy (applications, stablecoins, DeFi, L2s, infra, etc), in an accessible wrapper with simplified custody, compliance, etc
I think ETH ETF inflows will surprise the market over both the short and long term. $ETH$EVIV
The Volmex sale on @echodotxyz sold out very quickly!
Crypto’s premier index conglomerate continues to accelerate. Volmex’s mission grows stronger every day.
To everyone with us on this journey, I love you.
Volmexliquid.
1/ The crypto scene in Asia lived up to expectations
Asia will continue to drive crypto growth for the foreseeable future. We (@volmexfinance Labs) will definitely be spending more time in Asia moving forward
Short thread
DeFi is at an inflection point. There is currently ~$10B worth of crypto locked in DeFi protocols. In the very imminent future, I think we will see hundreds of billions of dollars put to work in DeFi. Bullish
CDP creation is SURGING as a result of the recent @Coinbase tutorial on generating $DAI with @MakerDAO, up +860% in July month over month.
Over 650 CDPs created in the last 1.5 hours! 😱💪
Some personal news: I have joined @staked_us to help institutional investors compound their crypto. I could not be more proud and excited to build the future of our industry.
1/ @MakerDAO community - I've just submitted proposals to add WBTC-WETH and USDT-WETH @UniswapProtocol LP tokens as collateral assets for $DAI.
$2B+ worth of Uniswap LP tokens exist today. USDT and WBTC pools are respectively #1 and #2 on Uniswap, each with ~$500M of liquidity.
2020 returns:
- $BTC: 4.9%
- $ETH: 44.4%
Ether is outperforming Bitcoin by nearly an order of magnitude this year. Ether led the 2017 crypto bull market and will lead the next.
1/ I believe crypto volatility products and derivatives will experience exponential growth over the next 12-24 months
Extremely bullish crypto volatility as an asset class. Sharing a few quick thoughts
1/2 A bit of news: This is my last week at @staked_us. I’m very grateful to have worked with such an incredible company and team for the last two years. Thank you @Tim_Ogilvie, @jonathanmarcus, and the rest of the team.