How'd you like that email subject huh? God I'm so good at marketing.
1. Cboe/VanEck Bitcoin ETF
Imagine logging into your 401k account and bring able to select a bitcoin ETF.
Imagine folks, every two weeks funneling dollars into this limited resource of which 21 million will ever be created and of which approximately 5 million are likely forever lost.
What makes this particular ETF interesting as opposed to other bitcoin ETFs is the following: - Insurance
- Cboe name brand
- Less susceptible to manipulation (a big reason the Winklevoss ETF was denied is because the bitcoin rate was based on the bitcoin price on their Gemini exchange, and thus susceptible to manipulation. Instead, for this Cboe/VanEck ETF, the bitcoin rate will be determined by the OTC (over the counter) price of bitcoin, which is less susceptible to manipulation.)
I get asked a lot about bitcoin futures. Bitcoin futures are cool, but futures don't trade physical bitcoin, ETF's do.
2. Bakkt (link)
Intercontinental Exchange (that lil ol' thing that owns the NYSE) is launching a startup called Bakkt to enter the cryptocurrency market and it wants to make cryptocurrency safe for your retirement fund.
Familiar players, helps with custody, and will enable institutions to trade cryptocurrencies with one another.
3. Northern Trust (link)
Nother Trust is one of the most trusted financial institutions in the world with over 100 years of history and over $10 TRILLION in assets under custody. That's not typo, that's trillion with a T.
And what are they doing?
They're getting into the bitcoin custody game baby, albeit rather slowly. They're already helping a select (and unnamed) group of hedge funds with bitcoin and ethereum custody.
"NOOooo, Dmitriyyy, yoooou wronkk! U dum! Bitcoin ETF iz a MEME! Impossibruuu!"
4. BlackRock (link)
If a bitcoin ETF is impossible, why would the world's biggest ETF provider assemble a working group to look into blockchain tech and crypto? | |
