Bitcoin hits record high against BlackRock U.S. Treasury ETF

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ODAILY
11-05
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Odaily Planet Daily Report: Data shows that the BTC-to-iShares 20+ Year Treasury Bond ETF (TLT) ratio has recently hit a new all-time high. Last week, as BTC approached its March high of over $73,000, its trading price reached 800 times the value of the iShares 20+ Year Treasury Bond ETF (TLT), higher than the 466 times it reached at its peak in November 2021. The analysis points out that the lack of incentive for price increases may be the reason why this ETF (with total assets of $60 billion) has fallen 7% this year, while BTC has risen 55%. The relative performance may indicate that investors may be shifting some of their portfolio from long-term US Treasuries to BTC.

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