$iShares Bitcoin Trust (IBIT.US)$
The main reason for the rapid increase in funds flowing into bitcoin etfs is
Recently, bitcoin has reached an all-time high in the $93,000 range, increasing investor interest
As the price rises, the asset value of the etfs is also increasing.
Due to the small average trade size of etfs, the barrier to bitcoin investment is lowered by etfs, making it easier to participate.
There is a growing expectation that crypto etfs-friendly policies will be implemented due to expectations of President Trump's reelection.
Major financial institutions are increasing their investment in bitcoin etfs, with Goldman Sachs and others expanding their shareholding.
Products such as blackrock's IBIT, which are low-cost and highly liquid, have emerged, expanding the options available.
Expectations are rising for the future as bitcoin grows to become the 7th largest asset in the world.
Following the success of the Bitcoin ETF, expectations for Ethereum ETF are also rising, pushing up the overall cryptocurrency ETF market.
The main reason for the rapid increase in funds flowing into bitcoin etfs is
Recently, bitcoin has reached an all-time high in the $93,000 range, increasing investor interest
As the price rises, the asset value of the etfs is also increasing.
Due to the small average trade size of etfs, the barrier to bitcoin investment is lowered by etfs, making it easier to participate.
There is a growing expectation that crypto etfs-friendly policies will be implemented due to expectations of President Trump's reelection.
Major financial institutions are increasing their investment in bitcoin etfs, with Goldman Sachs and others expanding their shareholding.
Products such as blackrock's IBIT, which are low-cost and highly liquid, have emerged, expanding the options available.
Expectations are rising for the future as bitcoin grows to become the 7th largest asset in the world.
Following the success of the Bitcoin ETF, expectations for Ethereum ETF are also rising, pushing up the overall cryptocurrency ETF market.
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$iShares Bitcoin Trust (IBIT.US)$
IBIT's total assets have exceeded $40 billion (approximately 6 trillion yen), surpassing all ETFs established in the past 10 years.
IBIT currently boasts an asset size ranking within the top 1% of all ETFs.
In terms of the amount of funds inflows in 2024, IBIT ranks 4th among all ETFs in the USA. The year-to-date fund inflows have exceeded 28 billion dollars, with IBIT being the only one among the top 10 crypto-related ETFs.
IBIT has recorded an increase of over 50% since the beginning of 2024, significantly outperforming major equity indices including VOO.
IBIT recorded inflows of over $19 billion in 2024, becoming the second largest after VOO.
Bitcoin and gold are both seen as hedges against inflation and safe assets, but their correlation is relatively low.
During market stress, GDLM tends to show more stable movements.
There is a certain correlation between Bitcoin and the stock market, but IBIT's price fluctuations tend to be larger than VOO's.
With the re-election of President Trump, a favorable regulatory environment for cryptocurrencies has been established, leading to IBIT's...
IBIT's total assets have exceeded $40 billion (approximately 6 trillion yen), surpassing all ETFs established in the past 10 years.
IBIT currently boasts an asset size ranking within the top 1% of all ETFs.
In terms of the amount of funds inflows in 2024, IBIT ranks 4th among all ETFs in the USA. The year-to-date fund inflows have exceeded 28 billion dollars, with IBIT being the only one among the top 10 crypto-related ETFs.
IBIT has recorded an increase of over 50% since the beginning of 2024, significantly outperforming major equity indices including VOO.
IBIT recorded inflows of over $19 billion in 2024, becoming the second largest after VOO.
Bitcoin and gold are both seen as hedges against inflation and safe assets, but their correlation is relatively low.
During market stress, GDLM tends to show more stable movements.
There is a certain correlation between Bitcoin and the stock market, but IBIT's price fluctuations tend to be larger than VOO's.
With the re-election of President Trump, a favorable regulatory environment for cryptocurrencies has been established, leading to IBIT's...
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$Japan Physical Palladium ETF (1543.JP)$
The palladium ETF yield is currently trending upwards in the short term, but in the long term, it is trending downwards. This primarily reflects the fluctuation in the market price of palladium. Palladium is in high demand for industrial purposes such as automobile catalysts, with limited supply, leading to significant price fluctuations.
Recent yield rates are as follows:
• 1 month: +12.67%
• 3 months: +2.5%
• Year 1: -23.0%
• Year 3: -19.8%
Palladium is limited in its supply, and tends to have significant price fluctuations, so it is important to be cautious of price volatility risks more than operational costs.
President Trump's protectionist trade policies may have a significant impact on the automobile industry. This could indirectly affect the demand for palladium.
President Trump advocates for easing environmental regulations, which could potentially impact emissions regulations for automobiles. In the long run, this may affect the demand for catalytic converters.
Due to President Trump's policies and statements...
The palladium ETF yield is currently trending upwards in the short term, but in the long term, it is trending downwards. This primarily reflects the fluctuation in the market price of palladium. Palladium is in high demand for industrial purposes such as automobile catalysts, with limited supply, leading to significant price fluctuations.
Recent yield rates are as follows:
• 1 month: +12.67%
• 3 months: +2.5%
• Year 1: -23.0%
• Year 3: -19.8%
Palladium is limited in its supply, and tends to have significant price fluctuations, so it is important to be cautious of price volatility risks more than operational costs.
President Trump's protectionist trade policies may have a significant impact on the automobile industry. This could indirectly affect the demand for palladium.
President Trump advocates for easing environmental regulations, which could potentially impact emissions regulations for automobiles. In the long run, this may affect the demand for catalytic converters.
Due to President Trump's policies and statements...
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$iShares 20+ Yr US Treasury Bd JPYHdg ETF (2621.JP)$
The reason why the iShares U.S. 20-year Plus ETF (with currency hedge) is trending upwards is that bond prices are inversely correlated with interest rates, leading to an increase in bond prices due to expected lower interest rates.
Due to their high sensitivity to interest rate changes, super long-term bonds over 20 years have a tendency to significantly increase in price during periods of declining interest rates.
In this ETF, by conducting transactions (currency futures reservations) that reserve exchange rates to be exchanged in the future, the impact of exchange rate fluctuations is mitigated, reducing the exchange rate risk between the U.S. dollar and the yen. This prevents a decrease in asset value during periods of a strengthening yen.
With currency hedging, the price movement of the ETF mainly reflects the price movement of U.S. bonds, enabling investment focused on U.S. interest rate trends.
The reason why the iShares U.S. 20-year Plus ETF (with currency hedge) is trending upwards is that bond prices are inversely correlated with interest rates, leading to an increase in bond prices due to expected lower interest rates.
Due to their high sensitivity to interest rate changes, super long-term bonds over 20 years have a tendency to significantly increase in price during periods of declining interest rates.
In this ETF, by conducting transactions (currency futures reservations) that reserve exchange rates to be exchanged in the future, the impact of exchange rate fluctuations is mitigated, reducing the exchange rate risk between the U.S. dollar and the yen. This prevents a decrease in asset value during periods of a strengthening yen.
With currency hedging, the price movement of the ETF mainly reflects the price movement of U.S. bonds, enabling investment focused on U.S. interest rate trends.
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$Lockheed Martin (LMT.US)$
Major defense companies in the United States are connected to Israel behind the scenes.
Lockheed Martin
They supply F-35 fighter jets to Israel, which has become one of the main fighter jets of the Israeli Air Force.
They also provide Israel with defense systems such as the PAC-3 missile.
Boeing:
Supplying F-15 fighter jets and Apache AH-64 attack helicopters to the Israeli Air Force.
Providing JDAM kits, giving the ability to convert unguided bombs into precision-guided munitions.
These equipments are widely used in various operations, including attacks on Gaza.
Raytheon Technologies:
Known as a co-developer of the Iron Dome missile defense system.
Supplying Israel with Tomahawk missiles, Patriot missile systems, and more.
Northrop Grumman:
Providing technology to Israel's unmanned aerial vehicle (UAV) program.
Also supplying Israel with radar systems and electronic warfare equipment.
General Dynamics:
Supplying warheads and bombs to Israel, heading towards Gaza...
Major defense companies in the United States are connected to Israel behind the scenes.
Lockheed Martin
They supply F-35 fighter jets to Israel, which has become one of the main fighter jets of the Israeli Air Force.
They also provide Israel with defense systems such as the PAC-3 missile.
Boeing:
Supplying F-15 fighter jets and Apache AH-64 attack helicopters to the Israeli Air Force.
Providing JDAM kits, giving the ability to convert unguided bombs into precision-guided munitions.
These equipments are widely used in various operations, including attacks on Gaza.
Raytheon Technologies:
Known as a co-developer of the Iron Dome missile defense system.
Supplying Israel with Tomahawk missiles, Patriot missile systems, and more.
Northrop Grumman:
Providing technology to Israel's unmanned aerial vehicle (UAV) program.
Also supplying Israel with radar systems and electronic warfare equipment.
General Dynamics:
Supplying warheads and bombs to Israel, heading towards Gaza...
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$Listed Tracers USGov Bd 0-2yr Ladr UnHdg (2093.JP)$
ETF newly listed on the Tokyo Stock Exchange on October 5, 2023.
• Investing in US government bonds with remaining maturity of 0-2 years.
• Trust fee: annual rate of 0.066% (excluding tax 0.06%).
• Settlement: 4 times a year (February, May, August, November each 10th).
This etf specializes in U.S. bonds with a remaining term of less than 2 years, investing in shorter duration bonds.
Because it is a type without a currency hedge, there is a currency fluctuation risk, but it is a targeted ETF for the new NISA system's growth investment quota.
I think the USA 2-year Treasury bond ETF is a highly safe investment.
ETF newly listed on the Tokyo Stock Exchange on October 5, 2023.
• Investing in US government bonds with remaining maturity of 0-2 years.
• Trust fee: annual rate of 0.066% (excluding tax 0.06%).
• Settlement: 4 times a year (February, May, August, November each 10th).
This etf specializes in U.S. bonds with a remaining term of less than 2 years, investing in shorter duration bonds.
Because it is a type without a currency hedge, there is a currency fluctuation risk, but it is a targeted ETF for the new NISA system's growth investment quota.
I think the USA 2-year Treasury bond ETF is a highly safe investment.
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$SPDR® Gold Shares (1326.JP)$
It is the world's largest Gold ETF that invests in physical gold.
An etf aimed at tracking the "Gold Bullion Price (LBMA Gold Price)" when converted into yen.
Price change rate in the past year: +11.05%
Price change rate in the past 5 years: +93.87%
The net asset value per unit is equivalent to approximately 1/10 troy ounce (about 3.11g) of gold.
Lowering the entry barriers to the gold market and providing a relatively cost-effective investment option.
For many investors, the trading costs of SPDR Gold Shares are expected to be more cost-effective than purchasing physical gold bullion, storage, and insurance costs.
It is the world's largest Gold ETF that invests in physical gold.
An etf aimed at tracking the "Gold Bullion Price (LBMA Gold Price)" when converted into yen.
Price change rate in the past year: +11.05%
Price change rate in the past 5 years: +93.87%
The net asset value per unit is equivalent to approximately 1/10 troy ounce (about 3.11g) of gold.
Lowering the entry barriers to the gold market and providing a relatively cost-effective investment option.
For many investors, the trading costs of SPDR Gold Shares are expected to be more cost-effective than purchasing physical gold bullion, storage, and insurance costs.
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$Barrick Gold (GOLD.US)$
Barrick Gold is the world's largest gold mining company.
Operating in countries with low political risks, Barrick Gold emphasizes acquiring long-life large-scale mines, conducting more efficient operations than multiple small-scale mines.
Against the backdrop of soaring gold prices, 2023 saw strong performance. The company plans to increase its production volume by 30% in terms of gold equivalent over the next 10 years.
CEO Mark Bristow seems to believe that the company's stock is undervalued.
Barrick Gold is the world's largest gold mining company.
Operating in countries with low political risks, Barrick Gold emphasizes acquiring long-life large-scale mines, conducting more efficient operations than multiple small-scale mines.
Against the backdrop of soaring gold prices, 2023 saw strong performance. The company plans to increase its production volume by 30% in terms of gold equivalent over the next 10 years.
CEO Mark Bristow seems to believe that the company's stock is undervalued.
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$Nissin (9066.JP)$
The company has announced an increase in the annual dividends for the fiscal year ending in March 2025, raising it to 200 yen, an increase of 90 yen compared to the previous period. As a result, the dividend yield (financial estimates) has increased from 3.55% to 6.46%.
A share buyback was also announced simultaneously.
The guideline for the shareholder capital dividends payout ratio (DOE) has been raised from the previous "2.0% or higher" to "4.0% or higher".
If the dividend forecast for the fiscal year ending in March 2025 is realized, it will be the 4th consecutive year of increased dividends.
After the announcement on May 9, 2024, Nisshin's stock price recorded a temporary 22.6% surge, hitting the daily price limit.
The company has announced an increase in the annual dividends for the fiscal year ending in March 2025, raising it to 200 yen, an increase of 90 yen compared to the previous period. As a result, the dividend yield (financial estimates) has increased from 3.55% to 6.46%.
A share buyback was also announced simultaneously.
The guideline for the shareholder capital dividends payout ratio (DOE) has been raised from the previous "2.0% or higher" to "4.0% or higher".
If the dividend forecast for the fiscal year ending in March 2025 is realized, it will be the 4th consecutive year of increased dividends.
After the announcement on May 9, 2024, Nisshin's stock price recorded a temporary 22.6% surge, hitting the daily price limit.
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$iShares TIPS Bond ETF (TIP.US)$
TIPS principal rises in line with the inflation rate.
Interest payments also increase based on the inflation-adjusted principal.
Even with negative interest rates, TIPS adjust the principal in line with inflation, thus maintaining the protection of purchasing power.
Even with negative interest rates, the main goal of providing protection against inflation is indeed achieved.
When inflation rises, the principal value of TIPS may increase, and there is a potential for capital gains to be obtained.
Even with negative interest rates, there is a possibility of achieving returns that exceed the inflation rate.
Due to the low correlation with other asset classes, TIPS can be expected to have a diversification effect.
In the short term, even with negative interest rates, the long-term expectation is the effect of inflation protection.
TIPS principal rises in line with the inflation rate.
Interest payments also increase based on the inflation-adjusted principal.
Even with negative interest rates, TIPS adjust the principal in line with inflation, thus maintaining the protection of purchasing power.
Even with negative interest rates, the main goal of providing protection against inflation is indeed achieved.
When inflation rises, the principal value of TIPS may increase, and there is a potential for capital gains to be obtained.
Even with negative interest rates, there is a possibility of achieving returns that exceed the inflation rate.
Due to the low correlation with other asset classes, TIPS can be expected to have a diversification effect.
In the short term, even with negative interest rates, the long-term expectation is the effect of inflation protection.
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アキバのヨッシー OP : At present (November 2024), it is not possible to directly purchase Bitcoin ETFs such as iShares Bitcoin Trust (IBIT) at Japanese securities companies. The main reasons are as follows:
1. Regulatory restrictions:
• Currently in Japan, handling of crypto ETFs is not allowed.
• The Financial Services Agency is taking a cautious stance and legislative changes are required.
2. Not listed domestically:
• Bitcoin ETFs like IBIT are listed on securities exchanges in the USA and not on Japanese securities exchanges.
3. Restrictions on overseas ETF trading:
• Many Japanese securities companies do not handle all overseas ETFs.
4. Differences in legal systems:
• Due to different securities regulations between Japan and the USA, direct handling is difficult.
However, in terms of future prospects:
1. Moves towards future entry of Bitcoin ETFs exist, such as SBI Holdings partnering with a leading US asset management company.
2. Discussions and preparations for introducing Bitcoin ETFs domestically in Japan may progress.
3. With legislative changes and regulatory easing, there may be potential for Japanese securities companies to handle Bitcoin ETFs in the future.
Currently, Japanese investors need to consider indirect methods such as opening a US securities account to invest in Bitcoin ETFs like IBIT. However, this comes with various constraints and risks, so caution is necessary.
アキバのヨッシー OP : Securities companies in japan that offer investment products related to bitcoin include the following:
1. SBI Securities: The SBI Group is actively involved in cryptocurrency business and operates a cryptocurrency exchange called SBI VC Trade.
2. Monex Securities: Provides a cryptocurrency cfds (Contracts for Difference) service called 'Monex Bitcoin'.
3. GMO Coin: A cryptocurrency exchange owned by the GMO Internet Group.
These companies operate in Japan and offer investment products related to bitcoin.