The Strait of Hormuz has reopened, and oil prices have crashed; but the real cards are in Wosh’s hands.


The US-Iran agreement has been signed, and the Strait of Hormuz has reopened. Brent crude oil has tumbled nearly 5%, and WTI has fallen to $80.75. BTC has rebounded from 59,000 to above 67,000, and the fading of the geopolitical risk premium is the core driver behind this rally.
But the real signal comes from T. Rowe Price. This long-established institution managing $1.9 trillion has been approved to launch its first actively managed crypto ETF (TKNZ), with XRP at an 11.4% weighting as the third-largest holding. After the news was released, XRP briefly neared $1.30.
The good news has already been priced in, and BTC’s rebound has already made up most of the move. The real direction will come on Thursday’s FOMC, and Wosh’s debut position will be the key. Watch more, do less—wait for the direction to become clear.
BTC0.48%
XRP3.28%
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