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15th January 2024 > > Vanguard & Ordinals.


tl;dr

Vanguard typifies TradFi hypocrisy. Ordinals continue to grow, perhaps at the expense of NFTs.


Market Snap








Market Wrap

The first two days of ETF trading saw $1.4bn of inflows to the nine “new-born” ETFs. This category excludes GBTC which has been converted from a trust and BITO which is being converted from futures to spot.


Outflows from GBTC totalled $580mm leaving net inflows of $820mm, a figure I find disappointing. I am not the only one to feel that way. Spot trading over the weekend has been underwhelming.


Curious Cryptos’ Commentary – Interregnum

The CCC publication schedule has been made tricky of late with some demanding travel and other arrangements. That situation is set to become more challenging over the next week. See you on the other side.


Curious Cryptos’ Commentary – Vanguard














Curious Cryptos’ Commentary – GameStop

GameStop has closed its NFT marketplace:













There’s that old “regulatory uncertainty” rearing its ugly head once more, despite the launch of spot BTC ETFs last week.


Though NFTs have been staging a welcome comeback of late, regulatory issues, and the somewhat counterintuitive fact that your NFT is stored off-chain in centralised servers, perhaps point to ever-growing adoption of ordinals. The infrastructure around ordinals continues to develop, some elements of which we might find the time to explore in the coming weeks.

 

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