The massive downward revisions (-258k) are puzzling. Even as someone who long believes payrolls are overstated by massive amount, these downward revisions are anormay large outside of benchmark month or weather related events. The downward revision are largest for state and
You: “crypto is a scam” SEC Chairman: launching “project crypto” to “modernize the securities rules & regulations to enable America’s financial markets to move on-chain” You’re surely paying attention now, right?
If the rule is finalized as-is, the SEC pseudo outsourced the decision making for which digital assets will be allowed in an ETF wrapper. The CFTC is the primary decider of what asset can have futures contracts & having futures is the primary requirement of this rule proposal
Amazing stat: 75% of the investors who bought $IBIT ($87b via one million people) were first time customers of BlackRock. And 27% of them went on to buy another iShares ETF. Just a total coup for BLK all around.
$IBIT
-93.84%
Kinda surreal to see this tweet from the US Secretary of the Treasury
Crypto, Welcome Home. https://t.co/7HPsp0vhcZ
00:00:37
The SEC's "Listing Standards" for crypto ETPs is out via new exchange filing. BOTTOM LINE: Any coin that has futures tracking it for >6mo on Coinbase's derivatives exchange would be approved (below is list). It's about a dozen of the usual suspects, the same ones we had at 85% or
If the rule is finalized as-is, the SEC pseudo outsourced the decision making for which digital assets will be allowed in an ETF wrapper. The CFTC is the primary decider of what asset can have futures contracts & having futures is the primary requirement of this rule proposal
This is the Framework and Generic listing standards we’ve been looking for with regards to digital assets in an ETF wrapper. This is a pretty Big deal
Breaking: Credit card debt is in the same 3-4% of GDP band it has been in for 15 years.
Sharing a few of the technical reasons why this is a bigger deal than you think. I get a lot of "what's the big deal here"
this is what risk-on looks like
The SEC just gave crypto ETFs a major upgrade, quietly approving in-kind creations and redemptions. It may sound technical, but this is huge. Here’s why ETF insiders are celebrating 👇
Looks like SEC just approved in-kind creation / redemption for all spot bitcoin and ether ETFs.
In-kind creation / redemption has been approved for both spot Bitcoin and spot Ethereum ETFs. The coming approvals for alt coin ETFs likely going to allow in-kind from the get go. More movement in right direction IMO
“You would have about 15% in gold or Bitcoin. I’m strongly preferring gold to bitcoin but that’s up to you…”
🇺🇸 BILLIONAIRE AND LEGENDARY INVESTOR RAY DALIO JUST RECOMMENDED 15% ALLOCATION TO #BITCOIN HERE WE GO!!! https://t.co/AZ2gNArGOM
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Dragonfly invested into PepperSec, Inc., the developers of Tornado Cash, in August of 2020. We made this investment because we believe in the importance of open-source privacy-preserving technology. Prior to our investment, we obtained an outside legal opinion that confirmed that
Thanks for having me on @new_era_finance. Was a blast
$ETH
-4.36%
Had a blast chatting with @Matt_Hougan & @kyle_chasse about the current and future state of crypto ETFs here in the US
Reposting this clip of Trump & Powell in case some of you missed it yesterday. It’s a work of art
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It’s so over
*hits blunt* we shall take blockchain token, put it inside an equity company, then we shall tokenize the equity shares of that company, and then put those tokenized shares back on the blockchain..
For those that don't believe this was real
00:01:47
Had a blast chatting with @Matt_Hougan & @kyle_chasse about the current and future state of crypto ETFs here in the US
For those that don't believe this was real
00:01:47
Now this is Prime Time TV
I'm gonna choose to believe that this is not true or drastically exaggerated in some way. If not... my god
What are the US stocks with the highest percentage of their shares owned by passive funds? Here's the top 10 as of the end of June. Notably -- since the end of 2024 there was a big drop off in names with 40% or more owned by passive. In 2024 there were 28, now their are 9.
I am very concerned that the courts, these AUSA's prosecuting crypto crime, and the IRS do not seem to understand the difference between using LIFO to: (1) establish the amount of assets that flowed through a very limited set of KNOWN parties and a very limited set of their
It's official: The Alpha Architect U.S. Equity ETF (AAUS) is now live. $445M AUM at launch. Built to help consolidate appreciated portfolios via a syndicated 351 exchange. Read the full press release to learn how the structure works and what makes AAUS different by design.
I'm very happy to announce what we've been working towards for months - @jito_sol is now the first Liquid Staking Token available inside a US ETF. Many thanks to the @REXShares team, who saw the potential of JitoSOL to enhance their groundbreaking @solana staking ETF, $SSK. Why
$IVZ getting a dose of positive investor sentiment (stock up >20%) since planned conversion of $QQQ -- here's why. @kgreifeld
$IVZ $QQQ
-22.55%
Got my hands on a copy of Nick’s newest book “The Wealth Ladder”. Was a massive fan of his first book “Just Keep Buying” and this one continues that trend. Haven’t finished it yet but highly recommend based on what I’ve read so far.
LOOK OUT: $ETHA just hit $10b in one year flat, the 3rd fastest ETF to hit that mark in history after (you guessed it) two bitcoin ETFs $IBIT & $FBTC. Amazingly it went from $5b to $10b in just 10 days (ETF asset equiv of a God candle). Is in Top 5 in flows 1M, 1W. Sister Hazel!
$ETHA
You would fail a college student if they wrote this on an exam and yet the NYT publishes it as if it’s insightful
Oh?
Wealth isn’t a straight line, it’s a ladder. At each level, how you earn, spend, and invest money changes dramatically. Here are 10 key lessons from "The Wealth Ladder" by @dollarsanddata:
Hey guys. Seeing a lot of accounts reporting that Fidelity is now able to do in-kind creation/redemption with their Bitcoin ETF. The SEC hasn't yet allowed this. Its similar to these filings I tweeted about yesterday. We do expect the SEC to approve this. But they haven't yet
My book, The Wealth Ladder, is now available:
THE FIRST 10-ASSET SPOT CRYPTO ETF JUST GOT APPROVED… THEN PAUSED. $BTC. $ETH. $XRP. $SOL. $ADA. $SUI. $LINK. $AVAX. $LTC. $DOT. One click. Full exposure. When the SEC lifts the stay? The floodgates open. Interview w/ @Matt_Hougan & @JSeyff drops tomorrow👇
$BTC
-2.36%
$ETH
-4.36%
$XRP
-2.23%
$SOL
-4.8%
$ADA
-3.82%
$SUI
-5.37%
$LINK
-5.08%
$AVAX
-4.48%
Today we talk about ETFs! In our new episode of @new_era_finance, we talk about the $ETH ETF, other ETFs, and why the #Ethereum ETF is a massive shift for the entire #Crypto industry. Watch the episode with @JSeyff here:
$ETH
-4.36%