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GM to all you crypto nuts. Crypto Nutshell #385 feelin’ the rays... 🌱🥜

We’re the crypto newsletter that's more mind-blowing than bending the laws of physics... 🌌🌀

What we’ve cooked up for you today…

• 🏦 Monster week from the ETFs

• 💎 It’s really this simple

• 📈 The perfect setup

• 💰 And more…

MARKET WATCH ⚖️

Only the top 20 coins measured by market cap feature in this section

MONSTER WEEK FROM THE ETFs 🏦

BREAKING: Bitcoin ETFs See Best Weekly Inflows Since May

The US Bitcoin ETFs just had an insane week.

Last week saw $1.05 billion in net inflows. 🤑

That’s the largest weekly inflow since May. (and it also extends the daily inflow streak to six)

Here’s the weekly breakdown:

1. BlackRock IBIT: $522.5 million

2. Fidelity FBTC: $358.1 million

3. ARK Invest ARKB: $74.7 million

Grayscale also had a much better week (relatively speaking) with only $35.3 million in outflows.

With inflows of over $1 billion for the week, the Bitcoin ETFs purchased a combined 18,420 Bitcoin.

That’s 5.85x the amount of mined Bitcoin entering the supply for the week.

July is also off to a great start, having already outpaced June’s total Bitcoin haul.

So far the Bitcoin ETFs have purchased 19,932 Bitcoin during July.

And would you look at that…

At the time of writing, Bitcoin is once again above $60,000.

We’re really back. 😎

THE BEST WAY TO BUY CRYPTO 🏆

Want to know the best way to buy Crypto?

Without a doubt - it’s with Coinbase. (btw - they didn’t pay us to tell you this)

Why? 🤷‍♂️

Coinbase is public, trustworthy and one of the oldest & most trusted exchanges around.

If you haven’t gotten started in crypto yet, or you just don’t have an account, you should definitely sign up.

The perks they have going right now, are nuts.

For 30 days, you’ll get Coinbase One for free. This includes:

• No Trading Fees 🙅

• Get Boosted Staking Rewards 📈

• 24/7 Customer service ☎️

On top of this, you can win up to $200 when you first sign up. 🤑

All you need to do is:

1. Sign up for a Coinbase account here.

2. Verify your photo ID ✅

3. And complete your first purchase of crypto 💰

That’s it! You’ll then be prompted to spin a reward wheel in which you can win up to $200 in crypto.

It’s the exchange we personally use and if you don’t have an account yet, we’d highly recommend signing up.

Click here to get started with Coinbase today

IT’S REALLY THIS SIMPLE 💎

The crypto market is going to $10 trillion this cycle.

Here’s how to not f*ck this opportunity up.

In his latest interview, Raoul once again broke down his simple crypto thesis titled:

Don’t f*ck this up

First off, Raoul gave his prediction on where he sees the total crypto market heading this cycle and 2032:

So if the crypto market is going to $100 trillion by 2023, then what assets should you be in?

Well, here’s how Raoul puts it:

And those best performing assets on a risk adjusted basis are:

• Bitcoin

• Ethereum

• Solana

These are the core assets - Invest in these and you’ll capture a large majority of the gains to be made in crypto. (with the least amount of risk)

Solana was the standout performer last cycle - posting higher returns than both Bitcoin and Ethereum.

And Raoul believes it’ll continue to outperform the big two this cycle.

That’s why Raoul’s portfolio is heavily concentrated on Solana:

The key idea here is that 90% of Raoul’s portfolio is in the core assets - Solana.

And the remaining 10% he allocates to more riskier picks.

Raoul even mentioned that this strategy of finding riskier plays got him into Dogwifhat and Bonk.

To Raoul - it really is that simple. 😎

Just hold on to the core assets and you’ll do perfectly fine this cycle.

THE PERFECT SETUP 📈

Today we’ll be diving into Ethereum’s supply dynamics.

One of Ethereum’s core features is staking.

Staking is when users “lock” up ETH to validate transactions and earn rewards.

This “locked up” ETH is effectively removed from the available supply.

That’s why many consider increases in the amount of staked ETH a bullish indicator:

• The network is more secure

• Less supply available for sale

• Increase in the amount of long-term holders

Currently 47,652,910 ETH is being staked.

That’s ~39.74% of the entire circulating supply.

Which is absolutely ridiculous.

In fact, the amount of ETH staked has increased by 263.77% over the last two years.

A testament to the conviction that long-term holders have in Ethereum.

And this is also one of the reasons that many analysts are predicting Ethereum to be more sensitive to the ETF flows. (when they launch)

Since the supply is so tight (exchange balances are also at all-time lows), a dollar into the Ethereum ETFs will be more impactful than a dollar into the Bitcoin ETFs.

It’s almost a perfect setup…

CRACKING CRYPTO 🥜

‘Memes are the gateway to crypto and blockchain’: SHIB developer Kusama. The pseudonymous lead developers of memecoin Shiba Inu, gave their first-ever interview to the Arabian Business.

Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts. Thursday’s CPI report showed that prices declined on a monthly basis for the first time since March 2020, spurring hope that the Fed will finally cut rates.

Bitcoin Price Climbs and Meme Coins Spike After Trump Attacked at Rally. Trump-inspired meme coins jumped following a rally attack, plus Bitcoin rose—and prediction market bettors think it's helped his campaign.

What’s next for Bitcoin price now that German gov't BTC balance hits zero? The German government cleared all of its Bitcoin so why is it taking so long for BTC price to go up?

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

• Raremints (link) - Daily crypto news

• Seven Point Sunday (link) - Learn to build your career every Sunday

• Bullseye Trades (link) - Daily stock market tips

• Crypto Pragmatist (link) - Actionable alpha 3x a week

• The Hustle (link) - Get Smarter on Business and Tech

• Your Next Breakthrough (link) - Personal growth with Mark Manson

• The Neuron (link) - AI trends and tools to keep you ahead

CAN YOU CRACK THIS NUT? ✍️

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: C) IBIT 🥳 

BlackRock’s Bitcoin ETF trades under the stock ticker “IBIT”.

GET IN FRONT OF 64,000+ CRYPTO INVESTORS

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HOW DID WE DO? 🤷

We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)

NUTCASE REVIEW OF THE DAY 🔍

DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.