NewsBriefs - Schwab survey reveals 45% of respondents plan to invest in crypto ETFs

10/10/2024 22:15
NewsBriefs - Schwab survey reveals 45% of respondents plan to invest in crypto ETFs

A $9 trillion Charles Schwab survey shows growing interest in crypto ETFs, with 45% of respondents planning to invest in Bitcoin and crypto ...

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  • Hand-Picked

    Schwab survey reveals 45% of respondents plan to invest in crypto ETFs

    A $9 trillion Charles Schwab survey shows growing interest in crypto ETFs, with 45% of respondents planning to invest in Bitcoin and crypto ETFs in 2024, up from 38% in 2023. US equities remain the top asset class at 55%, while bonds hold steady at 44%. Millennials show higher interest in fixed income and alternatives. The survey comes as the SEC recently approved 11 Bitcoin spot ETFs, expanding the crypto ETF market.

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      Crypto Briefing

    • Hand-Picked

      Schwab survey reveals 45% of respondents plan to invest in crypto ETFs

      A $9 trillion Charles Schwab survey shows growing interest in crypto ETFs, with 45% of respondents planning to invest in Bitcoin and crypto ETFs in 2024, up from 38% in 2023. US equities remain the top asset class at 55%, while bonds hold steady at 44%. Millennials show higher interest in fixed income and alternatives. The survey comes as the SEC recently approved 11 Bitcoin spot ETFs, expanding the crypto ETF market.

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    • The Block

      Justin Sun elected as prime minister of Liberland

      Justin Sun, Tron founder, was elected prime minister of Liberland, a crypto-focused micronation between Croatia and Serbia. Liberland, established in 2015, was the first country to adopt Bitcoin as its official currency. The election used a blockchain-based system, promoting transparency. Sun's crypto expertise is expected to advance Liberland's blockchain projects. The micronation operates on a decentralized online platform, allowing resident participation in governance.

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    • The Block

      Optimism distributes 10.3 million OP tokens in fifth airdrop to Superchain users

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    • The Block

      Caroline Ellison agrees to hand over assets to settle FTX lawsuit

      Former Alameda Research CEO Caroline Ellison has agreed to transfer most of her assets to FTX debtors to settle a lawsuit. The settlement aims to recover $28.8 million in bonus payments. Ellison will retain only personal physical property and cooperate with ongoing investigations. This development follows FTX's bankruptcy filing in 2022 and recent court approvals of its reorganization plan. Ellison was previously sentenced to two years for her role in FTX's collapse, while founder Sam Bankman-Fried received a 25-year sentence.

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      The Block

    • Coindesk

      Hong Kong SFC plans to approve more crypto exchange licenses by year end

      Hong Kong's SFC aims to approve more crypto exchange licenses by year-end. CEO Julia Leung revealed 11 applicants have undergone on-site reviews. HKVAX recently became the third approved exchange, joining HashKey and OSL. The move follows criticism of strict regulations hampering Hong Kong's crypto hub aspirations. Some international firms withdrew applications, while lawmakers debate regulatory approaches. The SFC is also considering licensing for crypto OTC and custody services.

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      Coindesk

    • Metaplanet

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      Metaplanet

    • Cointelegraph

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      Cointelegraph

    • The Block

      US aims to seize $2.7 million from North Korean crypto hacks

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      The Block

    • LinkedIn

      MicroStrategy looking to hire Bitcoin Advocacy Manager

      MicroStrategy, the top corporate Bitcoin holder, is hiring a Manager of Bitcoin Advocacy to lead initiatives and corporate adoption strategies. The role involves overseeing an annual Bitcoin conference, driving education efforts, and solidifying MicroStrategy's position in the Bitcoin community. The manager will work across departments, leveraging partnerships and contributing to marketing campaigns. A DC-based hub for Bitcoin community interactions is also planned. The job posting has received 37 applications so far.

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      LinkedIn

    • Reuters

      IMF urges El Salvador to strengthen Bitcoin oversight and regulation

      The IMF has again called on El Salvador to strengthen its regulatory framework and oversight of Bitcoin. The organization recommends narrowing the scope of the bitcoin law and limiting public sector exposure to crypto. This continues the IMF's longstanding concerns since El Salvador made Bitcoin legal tender in 2021. Despite these warnings, El Salvador currently holds 5892 BTC, worth about $345 million. President Bukele claims the country's Bitcoin strategy has been "net positive" despite lagging adoption.

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      Reuters

    • Cointelegraph

      Visa unveils tokenized asset platform for digital asset management

      Visa introduced the Visa Tokenized Asset Platform (VTAP) for issuing and managing fiat-backed tokens, including stablecoins and CBDCs. VTAP offers end-to-end infrastructure for minting, transferring, and settling digital assets on public and permissioned blockchains. Currently in sandbox phase with BBVA testing, VTAP aims for a live pilot on Ethereum in 2025, targeting institutional investors and central banks.

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      Cointelegraph

    • Eric Balchunas

      BlackRock and Fidelity Bitcoin ETFs rank among top 10 biggest ETF launches this decade

      BlackRock's IBIT and Fidelity's FBTC Bitcoin ETFs have rapidly become two of the top 10 largest ETFs launched in the 2020s. IBIT overtook Grayscale's GBTC to become the largest spot Bitcoin ETF in the US, holding over $22 billion worth of Bitcoin. The success of these crypto-based funds highlights increasing mainstream adoption and investor interest in Bitcoin as an asset class.

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      Eric Balchunas

    • Beincrypto

      Australian police crack crypto wallet, seizes $6.4 million

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      Beincrypto

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