DDI Blockchain Weekly (August 20th-26th)

3 min read

It was a fairly static week for crypto markets on the whole. Although markets threatened to dip on Wednesday after the SEC’s new ETF rejections, a modest recovery soon set in, allowing total market capitalization to finish roughly unchanged over the week. This could suggest that markets have completely priced in any ETF-related bearish news. SEC Rejects 9 Bitcoin ETF Proposals The US Securities and Exchange Commission (SEC) has issued rejections to Bitcoin ETF proposals from ProShares, Direxion and GraniteShares. In all three cases, the regulator used the same reason for the rejection, namely that they fail to demonstrate that…...

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Dr Justin Chan Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.