Mallikarjuna Naidu’s Post

🚀📈 Canary Capital is set to shake up the crypto market with its exciting proposal for a spot XRP exchange-traded fund (ETF), offering a new, simplified avenue for investors. This initiative seeks to bypass the direct complexities of holding XRP, allowing engagement via traditional brokerage accounts, but faces uncertainty amid Ripple's ongoing SEC litigation. With key aspects like asset custody still unclear, the ETF's approval remains in question, stirring debate on potential impacts. How might Canary Capital's ETF proposal influence the future of crypto investments? 👀

Can Franklin Templeton’s Tokenized Fund Match the $171B Stablecoin Market? Franklin Templeton is positioning tokenized money market funds as a strong competitor to stablecoins, which currently dominate the crypto market with a valuation exceeding $171 billion. Unlike stablecoins, which generate profits for issuers through investments in US Treasury bonds, Franklin Templeton’s tokenized money fund, FOBXX, offers a 5.12% yield directly to investors. With $420 million in assets, the fund's shares are represented on-chain via Benji tokens, providing a secure and compliant investment option for US-based investors. Franklin Templeton sees these basic tokenization funds potentially matching the growth of stablecoins, with aspirations to integrate them broadly across financial networks. Read more here: https://lnkd.in/eMkx6W_b

#Global investment management firm Millennium Management has disclosed buying spot Bitcoin ETFs, according to an SEC filing. Millennium Management disclosed its Bitcoin ETF holdings on Wednesday, and they constitute 3% of its $64 billion fund as of the first quarter. The latest #SEC filing reveals that #Millenium has Bitcoin ETF holdings with BlackRock, ARK21, Bitwise, Fidelity, and Grayscale. Millenium Management holds over $844M in ETF shares under BlackRock, the far-and-away leader. The total Fidelity Bitcoin ETF isn’t far behind, with Millenium investing north of $800M in the asset as well. Several more companies and banks have announced investments in spot Bitcoin ETFs in recent weeks and months. These include institutions like Hightower and #JPMorgan Chase. #investment #btc #buying

Secret behind BlackRock’s tokenized US bond funds that will make it a massive success Larry Fink, the CEO 👨💼 of BlackRock created tokenized US bond fund on Ethereum but everyone seems to be missing the big thing happening behind the scenes… Crypto exchanges have started to accept Blackrock’s tokenized US bond fund as COLLATERAL for trading. Traders can have tokenized US bond funds - and get yield from them - but also use them on derivatives exchanges as collateral for trading. What I describe should be familiar to everyone who worked in Traditional Finance… When you work in a big hedge fund, you never have any cash! All of the capital is fully invested in safe assets - US bonds or money market funds - and then you place those safe assets with your prime broker as collateral to do trading. Tokenized RWAs are FINALLY finding its usecase and that’s as collateral for trading with crypto derivatives exchanges. Tag your favorite crypto exchange in the comments and let’s spread the word about Blackrock’s tokenized US bond funds and how they can be used! #blackrock #larryfink #rwa #tokenization #crypto Follow 👉 Anton Golub & share ♻️ with your network

JPMorgan says a Solana Spot ETF is a Pipe Dream and they could be right! USDC Enters Brazil! • Salesforce misses even with AI in play. That is sending the DOW plummeting and that seems to be weighing on crypto. • JP Morgan analysts express skepticism about SEC approval for a Solana ETF due to recent enforcement actions, while Standard Chartered Bank predicts possible approval by 2025. • BlackRock's iShares Ethereum Trust submits revised S-1as it prepares to launch a spot Ethereum ETF, while Hashdex withdraws its proposal. • The Spanish central bank partners with Minsait for a third wholesale CBDC trial, focusing on digital bonds and settlement efficiency. In case you missed it, Israel is running a digital Shekel pilot, as well. • Robinhood adds Wormhole (W) and Jupiter (JUP) trading for European customers with rewards, but both tokens' prices drop amid broader market movements. • Circle, eyeing growth, enters Brazil with USDC #GMB #GrowMyBag #TheCryptoMinute #EddieJayonCrypto #SolanaETF #JPmorgan #StandardChartered #EthereumETF #BlackRock #Hashdex #CBDC #SpanishCentralBank #Minsait #DigitalBonds #Robinhood #Wormhole #Jupiter #CryptoTrading #CryptoMarket #CryptoRewards #SolanaStaking https://lnkd.in/guvh8i9q

BlackRock's Samara Epstein Cohen says that the firm's Spot ETF has brought a massive volume of first time buyers to #bitcoin! At Blockworks' Permissionless, Cohen pointed out that the ETF wrapper enabled a new cohort of investors to access bitcoin. VanEck CEO Jan van Eck added that wealth managers have only begun to allocate and he expects even more inflows soon. DJ Shaw writes in etf.com that the SEC approved options trading on bitcoin ETFs this past Friday. Cboe Digital received approval for options on the Fidelity Digital Assets and the ARK Investment Management LLC/21Shares ETFs. NYSE American was approved for options on the Grayscale Investments and Bitwise Asset Management ETFs. By CNBC's MacKenzie Sigalos 👉 https://lnkd.in/d6X5r-zv #PoW #BitcoinMining #renewableenergy #BTC #ESG #sustainability #digitalasset #crypto #BitcoinETF #ETF #SBC #CleanEnergy #InstitutionalInvestment #SBP

Over $1B in US Treasurys have now been tokenized on-chain The new milestone was reached shortly after the launch of BlackRock’s first tokenized asset fund — BUIDL, which joined 16 other tokenized government securities funds last week. Read More: https://lnkd.in/ebzfq8Uf #virtualcoincap #bitcoin #cryptocurrency #blockchain #ethereum #ripple #money #trading #bitcoinmining #cryptocurrencies #bitcoinnews #cryptotrading #bitcoins #investment #investing #entrepreneur #cryptonews #invest #business #eth #bitcointrading #litecoin #trader #bitcoinprice #investor

The launch of the first US HBAR Trust has sparked speculation about a potential Hedera ETF, as discussions rise over similar trends for Solana and XRP. Canary Capital has rolled out the first US HBAR Trust, aiming to meet institutional demand for crypto investment solutions. This move has led to growing speculations about a potential Hedera ETF launch, fueled by the network's increasing utility and institutional adoption hopes. However, despite the discussions, HBAR price slipped nearly 6% amid a broader market downturn.

OK, hear me out. What Anton Golub says (and he has spent a decent amount of time digging the space) is worth paying attention. Let me guide you a bit into WHY to better understand what all that MEANS. Blockchain in general, is a technology that aims to eliminate intermediaries (often forgotten or not understood). That's THE main idea behind the tech and what makes it a disruptive technology. So whatever has built or is building on it must answer the question - does it eliminate intermediaries. If not - forget it. And I meant it. NOW, whatever problems RWA is facing, native crypto asset world don't have them. Native assets (born and issued in Zion, sorry blockchain) work perfectly well on chain, between chains and/or in any kind of smart contracts=real financial world instruments. I intentionally set aside technical details of blockchains here, because otherwise this post will never end). This being said, the lessons are obvious to me: 1️⃣ If/when assets are on chain everything works. This is the only possible way, so thinking about the space and it's future that's the first principle which could guide you. 2️⃣ When it works, it reshapes the landscape. Think what intermediaries would not be needed anymore and what would be possible that isn't today and you'll get as close to the future as possible. 3️⃣ TradFi+Crypto=? Having in mind point number 1 and 2, now we can think about how and most importantly why (motives) TradFi would approach the space if ever. P.S. Small additional clue - Stable Coins are the blood of the system. P.P.S. Why even to bother?? Those who imagine the future closer to how it really will unfold, could make early investments in a multi hundred trillion market. Hope you have enough to think about, and feel free to reach out me or Anton Golub or SwissAssetDAO if you'd like to discuss it further.