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.
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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.
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.