Bitcoin Breaks a Record
Yesterday, the largest Bitcoin ETF – the iShares Bitcoin Trust ETF (IBIT) – became the fastest ETF in history to surpass $70 billion in assets under management. It achieved this milestone in just 341 trading days, nearly five times faster than the previous record of 1,691 days set by the SPDR Gold Trust (GLD) in 2011. Read more →
SEC Warms to Self-Custody
At the agency’s final Crypto Task-Force roundtable, chairman Paul Atkins called the right to control your own keys “a foundational American value” and said the SEC should give investors “greater flexibility to self-custody crypto assets, especially where intermediation imposes unnecessary costs.” That’s a marked shift from the Gensler era, which tried to funnel virtually all crypto activity through registered middlemen. Atkins also argued century-old rules shouldn’t “stifle innovation” or treat software developers as brokers by default. Read more →
Robinhood Pitches “Trump Accounts”
At the White House’s InvestAmerica summit, CEO Vlad Tenev said Robinhood could provide brokerage accounts for the 3.5 million US babies born each year, seed $1,000 of federal money, and run the program “under budget.” The idea would cost taxpayers about $35 billion over the next decade, and not everyone is a fan of it… but props to Vlad – shooters gotta shoot. All speculation now, of course, but earning that role would put Robinhood at the center of a massive, guaranteed customer pipeline. Read more→
