Bitcoin Full Steam Ahead
ByteFolio Issue 226;
Bitcoin’s ByteTrend Score is a firm, bullish 5 on the daily chart.
Bitcoin Daily
And a firm 5 on the weekly chart.
Bitcoin Weekly
The ETF flows are picking up again, which have always been supportive for the price. What investors must not forget is how underowned Bitcoin is in mainstream finance. If you think the flows we have seen represent an institutional scramble for Bitcoin, you ain’t seen nothing yet.
Bitcoin Held by ETFs
This all comes as the Clarity Act failed in the US Senate. But all was not lost, as the SEC issued an “Innovation Exemption” for tokenised securities on 17th September, just days after the bill’s failure.
In brief, the SEC released a five-year conditional exemption, ending on 17 September 2031. The exemption allows “tokenised securities venues” to facilitate trading of digital/tokenised versions of US-listed equity stocks without fully registering as exchanges. This essentially creates a regulated path for automated market makers like Uniswap to handle compliant tokenised securities. While it was framed as a bridge toward permanent rulemaking and a way to bring onchain trading of traditional securities into the US, the crypto industry has noted the possibility of a future administration reversing it without legislation.
In other words, it is good news and allows crypto innovation to continue for now.
ByteFolio Performance is perking up. The alts are on the move. High time.
