Technical analysts, those modern-day prophets, keep their eyes glued to $2.7 and $2.82, as if these numbers hold the secrets of the universe. One wonders if they’ve considered consulting a tarot card reader instead. 🃏
The Nasdaq-listed leviathan, ever the opportunist, snatched up these shares late last week-right after dumping ETH like a man fleeing a burning house with his pockets full of kindling. An Oct. 27 press release solemnly declared this maneuver, as though announcing the birth of a new messiah rather than a desperate attempt to plug a sinking ship.
Lo and behold, such an initiative springs forth amid the clamor of global banking houses, hastening their dalliances with dollar tokens following the illustrious-and one may dare to say, miraculously inspired-passage of the U.S. GENIUS Act. This blessed legislation laid the cornerstone for stablecoins, demarcating the first federal framework of yore. A guild of shadowy sources, versed in the secret pathways of Citi’s grand design, whisper of their noble efforts to erect a bastion for payments that flicker seamlessly, rivaling the very celerity and transparency of blockchain selfsame spirits.
The fund increased its stake in IBTG by 154,978 shares during the quarter, bringing its total holdings to 366,533 shares valued at $8.4 million. The purchase, calculated at the quarter’s average price, reflects a strategic move toward fixed-income instruments with defined maturity dates.
Upon the stage of quarterly disclosures, Cortland’s acquisition parades itself-260,812 shares, purchased at an average price that would make a merchant prince blush. The sum: $14.4 million, a mere trifle compared to the $22 million total now held. One might imagine the brokers in powdered wigs, quills scratching furiously as they record this dalliance with Delaware Basin royalties.
Let’s parse this madness. The SEC filing-a blood-soaked ledger of institutional panic-reveals QQQM’s portfolio weight gutted to 0.66% of reportable AUM. But what’s a few billion between friends when the real game’s happening off-menu? Behold their new obsessions: DFAC at $155.3 million (9% of AUM), SPLG at $125.7 million (7.3%). DCOR, D FAX, VUG-ticker symbols bleeding into one another like a junkie’s tattoo sleeve. AUM swells to $1.7 billion, prices spike 27% year-over-year, and the S&P 500 lags like a battered rental car. The numbers scream, but no one’s listening.
DOGE, briefly inspired by its allies BTC and ETH, mustered a feeble ascent above $0.1920. Alas, the coin’s folly led it to $0.2020 and $0.2050, where it peaked at $0.2094-only to waltz downward again, much like a candle in a draft.
The clock ticks-19 hours remain until the next price hike, a ritual as predictable as the sun’s rise, yet as meaningless as a sinner’s prayer. Dynamic pricing, they call it. A dance of numbers, a charade of progress. From $0.00015000 to this, this… masterpiece of mediocrity. And the faithful, the early backers, are rewarded with crumbs. Transparency, they say. Growth, they promise. But is it not all a grand illusion, a mirror reflecting our own desperation? 🪞
In the grand drama of asset management, ORG Wealth Partners has made its entrance with a new position in ARMOUR Residential REIT, as disclosed in the highly formal Form 13F, filed with the ever-watchful U.S. Securities and Exchange Commission. The firm reports the acquisition of 315,000 shares, valued at $4.71 million. A modest sum, yet it comprises 1.0% of the fund’s reported $470.31 million in assets. A pittance, yet not insignificant. Indeed, in the opera of capital, one must dance with small steps before the grand overture.
Enter the valiant knight, US Representative Ro Khanna. Known both for veering into the progressive rabbit hole and for somehow multitasking four or so gigs in his cosmic mind, he wowed the crowd on MSNBC with his concerns over POTUS Pete’s apparent love-hate affair with crypto. Why? Because ol’ Trumpy’s got a son with a crypto biz named World Liberty Financial (WLFI). Because, you know, nepotism makes zero family members uncomfortable. 🤷♀️
