Post by Admin/YBB on Apr 10, 2021 18:20:07 GMT -6
Pg S4: COVER STORY. BITCOIN [21 million total, 18.6 million mined] is having its day in the Sun. After 1,000% surge last year, Bitcoin market value is $1+ trillion. Bitcoin futures trade on CME. Companies such as MS, PYPL, SQ, V, BK, TSLA, Fidelity, MassMutual, Coinbase [IPO in April] handle cryptocurrencies to varying degrees. Fidelity, VanEck, Grayscale have applied for crypto-ETFs that the SEC has resisted for several years [some foreign crypto-ETFs do exist]. There are thousands of cryptocurrencies. As digital-gold, they are pressuring real yellow gold. But cryptos face obstacles that include technology, energy intensive “mining”, price instability, illiquidity, illicit use, government policies/restrictions, central bank digital currencies [CBDC].
Pg S7: How do retail customers invest in CRYPTOCURRENCIES? Through financial advisors; separately managed accounts [SMAs]; wealth management services [Fidelity, JPM, BK, NTRS]; Grayscale trusts GBTC, ETHE; Bitwise crypto index funds BITW; Coinbase accounts.
Pg S11: Companies that deal with cryptos [now, or soon] to some extent include PYPL, V, BK, SQ, TSLA, MSTR, MARA, RIOT, MassMutual, Coinbase, BlockFi. There is also a block chain ETF BLOK.
Pg S13: Financial advisors and wealth management advisors [WMAs] are starting to offer cryptocurrencies [Bitcoin, Ethereum, Litecoin, etc] at special/sub- AUM fees. Current fund options have high fees, premiums/discounts and liquidity limitations [GBTC, ETHE, BITW]. Applications for crypto-ETFs are pending from Fidelity, VanEck, Grayscale. The new SEC Chairman GENSLER is knowledgeable about cryptos.
Pg 27: ETFs. Until a genuine crypto-ETF is approved by the SEC, here are some options: Funds that hold cryptos or crypto-futures [GBTC, GDLC, OBTC, BITW], funds that hold some cryptos [ARKW], blockchain technology ETFs [BLOK], companies that hold some cryptos [MSTR, SQ, TSLA].
Pg 34: OTHER VOICES. JOYCE LAI, New York Angels [an investment group] and ConsenSys Mesh [Attorneys]. Is this crypto-art or crypto/decentralized-finance [DeFi]? A “ghost” game NFT Aavegotchi allows one to create own NFT “ghost” from NFT pixel-art-pieces. Aave protocol is used for digital-lending/borrowing and fungible receipts [aTokens or aETHs]. One injects aTokens “spirits” into the ghost to keep it going. New Ethereum blockchain technology standard is used to mix fungible aTokens and nonfungible “ghost” [NFT “ghost”]. This combination is guaranteed-verifiable and transferable. While this is a game, think of its implications for structured financial products [mREITs, etc]. It can also be used to create digital-assets without analog/real world corollaries, e.g. a crypto-universe with digital-land. [NFT = Nonfungible Token] [FT = Fungible Token (e.g. current money)] [All this is very vague to me, so my summary is also super vague].
ybbpersonalfinance.proboards.com/thread/100/barron-april-12-2021-2
www.barrons.com/articles/companies-are-diving-into-bitcoin-what-to-know-before-you-invest-51618003535?mod=past_editions
www.barrons.com/articles/more-companies-see-business-opportunities-in-bitcoin-51617990873?mod=past_editions
www.barrons.com/articles/how-to-buy-and-invest-in-bitcoin-and-other-cryptocurrencies-now-51617985401?mod=past_editions
www.barrons.com/articles/how-advisors-are-advising-on-and-coping-with-bitcoin-51618008555?mod=past_editions
www.barrons.com/articles/a-bitcoin-etf-is-still-in-the-works-here-are-your-options-in-the-meantime-51618014033?mod=past_editions
www.barrons.com/articles/the-nft-ghost-game-aavegotchi-points-to-the-future-of-finance-51617978681?mod=past_editions
Pg S7: How do retail customers invest in CRYPTOCURRENCIES? Through financial advisors; separately managed accounts [SMAs]; wealth management services [Fidelity, JPM, BK, NTRS]; Grayscale trusts GBTC, ETHE; Bitwise crypto index funds BITW; Coinbase accounts.
Pg S11: Companies that deal with cryptos [now, or soon] to some extent include PYPL, V, BK, SQ, TSLA, MSTR, MARA, RIOT, MassMutual, Coinbase, BlockFi. There is also a block chain ETF BLOK.
Pg S13: Financial advisors and wealth management advisors [WMAs] are starting to offer cryptocurrencies [Bitcoin, Ethereum, Litecoin, etc] at special/sub- AUM fees. Current fund options have high fees, premiums/discounts and liquidity limitations [GBTC, ETHE, BITW]. Applications for crypto-ETFs are pending from Fidelity, VanEck, Grayscale. The new SEC Chairman GENSLER is knowledgeable about cryptos.
Pg 27: ETFs. Until a genuine crypto-ETF is approved by the SEC, here are some options: Funds that hold cryptos or crypto-futures [GBTC, GDLC, OBTC, BITW], funds that hold some cryptos [ARKW], blockchain technology ETFs [BLOK], companies that hold some cryptos [MSTR, SQ, TSLA].
Pg 34: OTHER VOICES. JOYCE LAI, New York Angels [an investment group] and ConsenSys Mesh [Attorneys]. Is this crypto-art or crypto/decentralized-finance [DeFi]? A “ghost” game NFT Aavegotchi allows one to create own NFT “ghost” from NFT pixel-art-pieces. Aave protocol is used for digital-lending/borrowing and fungible receipts [aTokens or aETHs]. One injects aTokens “spirits” into the ghost to keep it going. New Ethereum blockchain technology standard is used to mix fungible aTokens and nonfungible “ghost” [NFT “ghost”]. This combination is guaranteed-verifiable and transferable. While this is a game, think of its implications for structured financial products [mREITs, etc]. It can also be used to create digital-assets without analog/real world corollaries, e.g. a crypto-universe with digital-land. [NFT = Nonfungible Token] [FT = Fungible Token (e.g. current money)] [All this is very vague to me, so my summary is also super vague].
ybbpersonalfinance.proboards.com/thread/100/barron-april-12-2021-2
www.barrons.com/articles/companies-are-diving-into-bitcoin-what-to-know-before-you-invest-51618003535?mod=past_editions
www.barrons.com/articles/more-companies-see-business-opportunities-in-bitcoin-51617990873?mod=past_editions
www.barrons.com/articles/how-to-buy-and-invest-in-bitcoin-and-other-cryptocurrencies-now-51617985401?mod=past_editions
www.barrons.com/articles/how-advisors-are-advising-on-and-coping-with-bitcoin-51618008555?mod=past_editions
www.barrons.com/articles/a-bitcoin-etf-is-still-in-the-works-here-are-your-options-in-the-meantime-51618014033?mod=past_editions
www.barrons.com/articles/the-nft-ghost-game-aavegotchi-points-to-the-future-of-finance-51617978681?mod=past_editions