
Large passive flows and recycled US deficits to begin flowing into BTC (via MSTR entry into QQQ) (FFTT, 12/17/24)
Bitcoin proxy MicroStrategy to join the Nasdaq 100 and heavily traded ‘QQQ’ ETF – CNBC, 12/13/24 The large increase in passive investing over the last 20 years has led to substantially more inelastic aggregate demand curves for individual stocks… when demand is more inelastic, small changes in the market structure can have a large effect on prices, because investors are unwilling to change their positions. – Haddad et al, 2021, via Simplify ETFs How does