ETFs

Investing App Wealthfront to Offer Grayscale’s Bitcoin, Ethereum Products

Source Node: https://decrypt.co/77240/investing-app-wealthfront-offer-grayscales-bitcoin-ethereum-products
Time Stamp: July 30, 2021 8:50 AM - Modified On: July 30, 2021 - Published By:
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Republished By Plato

As more investors turn to cryptocurrencies, Wealthfront, a Palo Alto-based firm with $25 billion in assets under management (AUM), has expanded its clients’ investment options to include Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).Wealthfront’s new offering will also include automation features like “intelligent dividend reinvestment” and tax-loss harvesting–a feature aimed at lowering clients’ tax bills. In using GBTC and ETHE, investors won’t need to set up external wallets and take care of technical aspects such as safekeeping the private keys. All of Grayscale’s crypto products are merely meant

Cathie Wood’s ARK Invest Snaps Up $45M in Robinhood Stock

Source Node: https://decrypt.co/77232/cathie-woods-ark-invest-snaps-up-45m-robinhood-stock
Time Stamp: July 30, 2021 6:40 AM - Modified On: July 30, 2021 - Published By:
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Republished By Plato

Cathie Wood’s investment firm ARK Invest was quick off the mark to purchase 1,297,615 shares of Robinhood as the company went public on Thursday.With Robinhood's stock closing its inaugural trading session on the Nasdaq at $34.82, this makes the purchase worth more than $45.1 million. According to data disclosed by ARK Invest, this was also the company’s largest purchase of the day across all six actively managed exchange-traded funds (ETFs), with the shares going to the ARK Innovation ETF (ARKK). What is Robinhood? Robinhood is a popular trading app which

SEC Crypto Mom Greets Pro-Crypto Acting Chairman

Source Node: https://beincrypto.com/sec-crypto-mom-greets-pro-crypto-acting-chairman/
Time Stamp: December 26, 2020 6:09 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

SEC Commissioner Hester Price tweeted on Dec. 24 her congratulations to fellow commissioner Elad Roisman on his promotion. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC.— Hester Peirce (@HesterPeirce) December 24, 2020 Securities and Exchange Commissioner (SEC) Roisman’s appointment is not official. The SEC and White House have not confirmed the fact. However, Commissioner Price, known to the crypto community as Crypto Mom, did tweet her greetings. Feat of Clayton at SEC The move comes a day after SEC Chairman Jay Clayton announced his immediate departure.

Jeff Currie Talks Bitcoin, Risk, Inflation Hedge

Source Node: https://beincrypto.com/jeff-currie-talks-bitcoin-risk-inflation-hedge/
Time Stamp: December 18, 2020 2:31 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The head of Commodities Research at Goldman Sachs spoke on Bloomberg TV regarding his view of Bitcoin. He compared it with copper and gold in particular. Risk On, Risk Off Goldman Sachs Head of Commodities Research Jeffrey Currie told Bloomberg TV on Dec. 17 that he sees Bitcoin as a risk-on growth proxy. He compared it to copper and said that overlaying their pricing charts shows that they act in much the same way. Risk-on investments are those, across investment classes, that investors perceive as interesting when risk is relatively