Digital assets are about more than just Bitcoin. The global adoption of blockchain, expansion of cross-border payments, new investment vehicles tied to intellectual property, and more, could one day establish a global market of digitized assets worth $50 trillion. This channel provides access to the latest developments, opportunities, risks, and thought leaders in the growing Digital Assets space.
Global X, the New York-based ETF provider and subsidiary of $560 billion investment manager Mirae Asset, has filed with the SEC for permission to launch a bitcoin ETF titled the Global X Bitcoin Trust on the Cboe BZX Exchange. No ticker symbol was suggested, but this would be announced before the commencement of trading if the ETF wins the much sought-after approval from the SEC.
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Those yearning for financial independence and early retirement will find BCP’s new fund launch interesting. The BCP Fund focuses on providing consistent high yield cash flow secured by US assets.
A new avenue is opening up for alternative investing. It’s the marriage of digital currency with tangible and valuable assets. There already is a designer watch that acts as a deep cold storage for crypto wealth. In the near future, this may extend to art, luxury accessories and fine jewellery.
BTC is currently trading at $11,420 and spot gold at $1,430. Both these assets received a bullish boost last week when the Fed made dovish noises and said interest rates would be maintained in the range of 2.25%-2.5%.