SEC estimates its proposed crypto self-custody fallback will cost each adviser that uses it $433,833 a year, and assumes about 823 firms will. After the CLARITY Act's Senate failure, that price helps decide which advisers can hold newly launched tokens for clients.
Perspective Coverage
14 publishers
- Builder
- Builder 13%
- Operator
- Operator 50%
- Investor
- Investor 37%
Reality
- Evidence78
- Adoption
- Insufficient
- Hype gap+25
- Incentives60
- Confidence72
Morningstar says single-stock funds, leveraged and derivative ones included, account for more than half of ETFs whose first prospectus was filed by June 30. The ten biggest hold about 44% of the category's assets.
Reality
- Evidence58
- Adoption62
- Hype gap+12
- Incentives72
- Confidence55
The novel-ETF comment file closed Monday with a16z, Grayscale, Schwab, Chainalysis and Kalshi arguing past each other, and only Schwab attached a number to its ask: 75 days of public filing before effect.
Reality
- Evidence57
- Adoption24
- Hype gap+13
- Incentives84
- Confidence45
The first US spot Zcash product gives brokerage accounts price exposure to a privacy coin while holding its ZEC in transparent custody. Allocators now have to argue the asset, not the access.
Perspective Coverage
3 publishers
- Builder
- Builder 27%
- Operator
- Operator 25%
- Investor
- Investor 48%
Reality
- Evidence71
- Adoption56
- Hype gap+20
- Incentives74
- Confidence70
A closed-end fund distributed $1.74bn over eight fiscal years while earning about a third of it, covering the gap by issuing shares above NAV. The premium is now a discount.
Publishers:thebearcave.substack.com
Reality
- Evidence58
- Adoption62
- Hype gap+22
- Incentives82
- Confidence52