Analyst Eric Balchunas says exchange-traded funds must have a futures product live for at least six months, which Canary doesn’t have for its TRUMP fund.
Labeled for “energy-intensive use cases,” the facilities in Texas, Louisiana and Illinois could support both Bitcoin mining and artificial intelligence workloads.
Massive stablecoin deposits highlight shifting capital flows on Binance, even as Bitcoin whipsawed below $110,000 amid whale-driven selling and heavy liquidations.
Using Monte Carlo simulations and the 200-week moving average, Diaman Partners estimates Bitcoin’s next cycle bottom could range from $60,000 to $80,000 by 2026.