Andy's Alpha #33: The Hectic Week of The ETF
Early opportunities I've heard of, builders delivering alpha, timely releases coming soon, and state of the market!
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Tides are shifting. As you may know, markets tend to be very forward looking. Always anticipating what’s next, where the best place to find ‘alpha’ and hidden upside is. Tis’ the life of a speculator.
While we have all but passed the BTC ETF (can’t believe some CT nerd hacked their twitter), the markets are already thinking about what comes next…
My prediction, you ask?
ETH.
The Ethereum ETF is likely guaranteed at this point and we can assume that it is the next in line for digital asset ETFs. Barring any unreasonable circumstances, there’s a strong likelihood the ETH ETF is passed in 2024 as well.
Imagine the look on your grandma Jody’s face when she apes into an ETH ETF with her entire net worth in her pension fund.
Bullish.
All of this to say, there’s a clear and obvious trade (imo) presented to us with the ETH/BTC pair. The idea is that BTC has taken the cake and it’s nearly at ATHs while ETH has been lackluster. This will likely change over the coming months.
I’m calling bottom.
Now, let’s get to zeeee alpha!
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Today’s Inspiration
“Failure is not to be feared. It is from failure that most growth comes.”
- Dee Hock
Approved Alpha
RUNE:
Cartesi:
Decentralized Validator Technology (DVT):
Arbitrum:
Sperax:
Possible Airdrops in Q1 2024:
DEPIN narrative:
Scroll:
USDT:
Gitcoin:
Bitcoin ETF:
Premia Blue:
Restaking:
Vertex:
DeFi on Bitcoin:
Spiral DAO:
Dymension:
LINK Staking:
Parallel:
Nostra:
Eigenlayer:
D8X:
Redstone:
Routescan:
Loopring:
Meter:
Possum:
Kado:
Mode Network L2:
Caledra:
Awaken Tax:
Arbitrum Orbit:
Layer 2 x Modular Blockchain:
Taiko:
Cross-chain swaps:
Metis:
Timely News
ARK invest sold COIN:
The Block on Inscriptions:
#Bitcoin ETF Commercial:
BTC ETF:
Data Analysis
ETH Daily:
°BitcoinETF:
Hot Deals Now
This is a new section I’ve decided would be a great addition to the newsletter because I often have founders who are raising in close contact with me, some deals I ape, some I pass.
Here’s how this works:
I’m going to list out the deals that I have access to along with the public info available. I’ll explain my thoughts on the deal, and sometimes may or may not invest in them myself.
In my private agenda, I’ll share the deals which I entered and why. Also, paid subs will have priority for these deals alongside myself. No we will not do anything together, but if you want in it’s highly likely I can make it happen if I invest as well.
Regardless of subscription status, my personal goal is to democratize access to opportunities for smaller capital & help founders raise more capital, consistently.
Today’s deal flow begins with several quality projects:
Synonym Finance: Synonym is utilizing wormhole to become a REAL cross-chain (or omnichain) money market where users can deposit on one chain and borrow on the other. Users can source liquidity from all the ‘buckets’ within Synonym. Right now the testnet is live, and there will be retroactive rewards for those who aren’t sybilling it. They are looking for some funds/angels if I’m not mistaken.
Swell Network: Swell is one of the biggest LSTs in the market right now, sitting at over $100M. They have raised from some of the biggest angels in crypto and have the backing of Ethereum OGs like Sassano. They have already proven PMF in the space and appear to be a clear leader amongst Lido, RocketPool, Diva, and another teams.
Mode Network: Mode is led by James Ross (link) and he is building a general purpose L2 based on the OP Stack. The “collective co-op” is aiming to share sequencer fees, and offer interesting developer incentives. They are live on testnet now, as well as developer mainnet. They will likely receive a fair amount of support from Optimism. They will launch mainnet in Q4 or early Q1.
Primex Finance: Primex has raised in 2021 at $40M val from GSR and others, and is now looking to do another round in Q1 as they gear up for cross-chain deployments and likely token sometime in 2024. They have launched on Polygon already and you may have seen them in this newsletter from time to time.
Zoth.io: Zoth is a on-chain marketplace which brings fixed income opportunities, offering high yield from RWAs. They are in the middle of their fundraise round, and have about 2M in commit for the 2.5M seed round with Stellar matching fund, BFF, M6 ventures, Huma Finance as sponsors.
If you are interested in a deal, fill out this form here.
Disclaimer: Nothing in this section should be construed as investment advice, financial advice, legal advice, or tax advice. I am not a financial advisor. Investing in early-stage crypto projects is one of the highest risk profiles in the entire world. I, nor The Rollup team, will be entering any deal with you. There may be deals I do without putting them here. There may be deals I don’t do which I put here. I am choosing to do this to help projects and capital allocators connect. If you do invest in one of these projects, I may earn a referral fee or commission. You are responsible for your capital allocations and if you do commit in a round, I am not liable for the success or failure of any given project. Good luck, anon.
Nice list Andy! Cosmos ecosystem is totally undervalued and underfarmed imo. It provides one of the best opportunities in the space to receive big airdrops with smol funds.
Oh my god so much information to keep up with! Thanks for your efforts fam!