Ken Griffin: "Tread cautiously"

Ken Griffin’s Citadel Securities has voiced apprehension about the rise of tokenized assets, warning that they could pull liquidity away from traditional financial markets. Their core argument, though? Tokenized assets that mimic traditional securities should not escape the same regulatory oversight. Read more →

Having finally moved past the NYSE up-listing, Novogratz and company are taking full advantage today’s bull market and the recent treasury blitz, stating that Galaxy Digital (GLXY) has “been the partner of choice for over 15 of the most prominent corporate crypto treasury initiatives” in a new press release. We’ve been following GLXY for years in this letter and we’re counting down the days of their next earnings call, scheduled for Aug 5th. Read more →

One year ago today, nine spot ETH ETFs hit the market. Flash forward to today and the collection of funds now hold $15.7 billion in AUM. Like bitcoin ETFs, Blackrock controls the market with ~60% of all AUM. While ETH has a long way to go to get anywhere close to BTCs >$54B AUM, the last few days have been telling… ETH ETFs have already added $830B this week compared with BTC's -$199M.