Traditional Finance Will Embrace Crypto If There Is Money To Be Made

Following BlackRock’s iShares Bitcoin Trust announcement, there have been quite a few interesting developments in the Traditional Finance X Crypto space.

One thing is clear, firms would only enter the space with the expectation that there is money to be made.

And so, here’s a tiny collection of crypto-related headlines that made the news in mainstream media recently.

[Bloomberg] Crypto Exchange Backed by Citadel, Fidelity, Charles Schwab Goes Live

Citadel, Fidelity and Charles Schwab – the names don’t get much bigger than this.

If the article is paywalled for you, this one from CNBC should be a helpful read too.

[Yahoo Finance] WisdomTree, Invesco Follow BlackRock With Spot Bitcoin ETF Applications

US-based asset managers, WisdomTree and Invesco moved to file for Spot Bitcoin ETF as well. This move indicates the growing interest of asset managers in the crypto industry.

[Bloomberg] Deutsche Bank Applies for Digital Asset License Amid Growth Push

Deutsche Bank has applied for a digital asset custody license with German financial regulator BaFin.

Again, this move is significant as it shows the bank’s shift in approach toward the crypto industry, following a cautious stance in the past.

According to Bloomberg, Deutsche Bank is seeking regulatory permission to operate a custody service for digital assets such as cryptocurrencies.

I wouldn’t even try to pretend to know how things work behind the scenes, but this is a rather fun meme to end off this short blog post.

Hitting the LIKE and SHARE buttons (floating at the bottom-right corner) will help my content reach out to more people who would benefit!

If you have made it this far into this post and found it helpful or informative, consider subscribing to be effortlessly notified of new content and resources such as free downloadables that I’m creating →

As a thank-you gesture for reading and being part of the Turtle Investor family, I have created these free downloadables for you so do check them out! If you have found them useful, please help me out by giving them a 5-star rating – I would really appreciate it!

Connect with me via Facebook | Twitter | Telegram | Discord | RSS Feed | Linktree 🙂

Did I mention I have a brand new shop? Basically, an upgraded version of my dedicated referral links & codes page and some are exclusive offers. In my virtual store, I penned down my thoughts and listed some fantastic products and services that I’m already paying for that helped to supercharge my financial journey. Check it out – it might have something you want!

Hello! I Am Kevin

At the age of 30, I am the Personal Finance Blogger who laid claim to a negative net worth of minus $25,755 – and decided to turn things around.

My blueprint for financial independence can help give you a head start in your own FIRE – Financial Independence, Retire Early (optional) – journey. More tidbits about myself here if you’re curious.

I am married to a lovely wife and that means dual income with no kids. In my free time, I chase miles so that we can fly in business class. My hobbies include making coffee money off this blog and sharing everything I know with you.