Introducing Crypto Roundup: Your Weekly Dose of Cryptocurrency News and Tips
Looking to finally dip your toe into the wide world of crypto? Been holding out for the “right time” to take the dive?
Or are you simply looking to stay on top of (and get ahead in) the fast-paced world of cryptocurrency?
Welcome to Crypto Roundup. And whether you’re a seasoned crypto pro or just dipping your toes into the realm of digital assets, we’ve got you covered.
Here’s what you can look forward to in each jampacked edition of this exciting new series.
Each week, we’ll summarize the latest breakthroughs, pitfalls, and profit opportunities in the world of digital finance. We’ll dive into the latest headlines, giving you insights behind the hype … along with actionable intel on any major developments in the crypto space. And each edition will include a brand new handy Crypto Tip of the Week.
For this edition, we’ve got some huge developments in the crypto world to tell you about, from Crypto ETFs to TradFi exchanges and more.
Let’s dive in…
Treasuries + Blockchain = 🤯
We’ve told you how to buy Treasuries before (through Uncle Sam’s stuffy, not-at-all-intuitive website). But did you know you could buy Treasuries with the blockchain?
Users can park stablecoins in short-term U.S. government bonds through a number of DeFi sites and get paid interest. That’s right. It’s like a high-yield savings account. On the blockchain. The market for tokenized U.S. Treasury bills has grown to $500 million, according to CoinDesk.
Then There’s the TradFi Trio…
The traditional finance sector (TradFi) continues to sink their teeth further into crypto. Charles Schwab, Fidelity, and Citadel have teamed up to form a sort of Super Friends league by creating a new crypto platform. Called EDX Markets, the exchange will operate like a stock exchange, with retail brokerages executing trades.
They key differentiator from, say, Coinbase or Binance? It won’t hold your crypto. The idea here is by separating trading and custody, the likelihood of conflicts arising is lessened (something regulators will surely appreciate).
But don’t get too excited… this is for institutional investors only. Still, it’s a key step toward legitimacy and mass adoption.
More Hats in the Ring… 🤠🎓🎩🥳
While the SEC has been busy giving their blessing for various Bitcoin futures ETFs, investors are waiting with bated breath for a thumbs-up on a Bitcoin spot market ETF. But the race is heating up… WisdomTree ($93 billion AUM) has resubmitted its application for the WisdomTree Bitcoin Trust. Meanwhile, Invesco ($1.49 trillion AUM) has also thrown its hat in the ring. These asset management giants are taking note of the growing demand for regulated investment vehicles in the crypto space, and they’re ready to cater to the needs of eager investors.
Rumor is Fidelity ($4 trillion AUM) will also be filing for a Bitcoin ETF soon.
BlackRock Enters the Fight…
Hold on to your digital hats because BlackRock has just made a bold move in the crypto arena. Teaming up with Coinbase, the giant has officially submitted an application for a spot Bitcoin ETF (exchange-traded fund) with the SEC. The goal: To provide newbies an easy way to invest in Bitcoin without all the fuss of buying it yourself.
The implications are huge… For folks who don’t know, BlackRock is the world’s largest asset manager, with $10 trillion in assets under management. Previous efforts for a Bitcoin ETF tracking the spot price have been stymied by the Feds. But when Larry Fink’s outfit swings, they don’t miss.
Crypto Tip of the Week: Secure Your Crypto with Hardware Wallets
To protect your crypto assets, consider using hardware wallets. (We touched on this idea here.)
Hardware wallets provide an extra layer of protection for your crypto holdings, ensuring peace of mind and enhanced security. These physical devices offer offline storage and robust security features. They store your private keys offline, away from potential online threats. By keeping your crypto offline, you reduce the risk of unauthorized access. Remember to purchase from trusted sources, back up your seed phrase, and regularly verify your device’s security.
Closing Thoughts
There you have it – just a taste of what’s going on in the world of cryptocurrency this week. If you like this (and want more), drop us a line.
There’s always a lot happening in the crypto world, and we think big things are still ahead for investors who want to jump on board (the right way). Stay tuned for the next edition, where we’ll bring you more updates, insights, and our latest Tip of the Week.
P.S. With all this exciting news, it’s easy to see why Jimmy Butts and his team think cryptocurrencies are about to go on another monster run. And he just released a bombshell briefing about how you can profit. Get the details here…