What You Need to Know
Alpha Architect has plans for an ETF that invests in companies associated with cryptocurrency mining; Osprey Funds, sponsor of the Osprey Bitcoin Trust.
RIA Digital Assets Council partnered with the New York Institute of Finance for its certificate program.
Schwab and Nuveen add new funds.
In another twist on the rush to sponsor a cryptocurrency ETF, Alpha Architect has filed an application with the Securities and Exchange Commission to launch an ETF that invests in companies associated with the mining of cryptocurrencies rather than in cryptocurrencies themselves.
The Alpha Architect ETF Trust plans to invest at least 80% of its assets in the equities of companies “actively involved in the entire spectrum of cryptocurrency mining, from producers of computer chips (foundries), to manufacturers of computer equipment (manufacturers),” to directly investing in market participants creating cryptocurrency themselves (miners), but it will not invest direct
RIA Digital Assets Council launches certificate in blockchain, Bitcoin
Advisers who enroll in the program will be qualified as experts in digital assets, says RIADAC founder Ric Edelman.
April 30, 2021 2 MINS
On Friday, the RIA Digital Assets Council launched a certificate program that allows registered investment advisers to add “blockchain and digital asset expert” to their list of credentials.
By completing its 10 online learning modules, advisers enrolled in the course will be qualified as experts in blockchain, Bitcoin and digital assets, RIADAC founder Ric Edelman said. The program rolls out as cryptocurrency nears an adviser tipping point, with some still weighing the risk and reward of crypto before adding the asset class to clients’ portfolios.
Time to learn about crypto lots of bitcoins - bit coin BTC the new virtual money
Bitcoin hit a record of more than $64,000 as Coinbase Global Inc., the largest U.S. cryptocurrency exchange, went public last week. Advisers and Wall Street have reached an inflection point when it comes to cryptocurrencies.
April 19, 2021 2 MINS
It might have sounded like an April Fool’s Day prank when InvestmentNews ran a story on April 1 that Goldman Sachs was interested in offering Bitcoin to its wealthiest clients, but it was no joke. Just a couple of weeks earlier, Morgan Stanley had become the first major U.S. bank to announce plans to give its wealthier clients access to funds that would enable them to own Bitcoin.
Goldman Sachs is getting into Bitcoin who’s next?
Goldman Sachs enters the race to offer wealth management clients access to Bitcoin following Morgan Stanley. Which wirehouse could be next?
April 1, 2021 4 MINS
It’s been two weeks since Morgan Stanley put the pressure on competing Wall Street banks to offer wealth management clients access to Bitcoin, and Goldman Sachs has already followed suit.
Goldman Sachs revealed its interest in offering Bitcoin to wealth management clients via a company memo sent to staff on Wednesday. The memo, obtained by
InvestmentNews, announced the firm’s new initiatives around digital assets with the hiring of Mary Rich, Goldman Sachs’ first-ever global head of digital assets group for Private Wealth Management.
More than 1,200 attendees swamped the inaugural VISION Conference hosted by the RIA Digital Assets Council. Three-fourths of the attendees at this premiere