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World's biggest inter-dealer broker TP ICAP launches crypto ETPs
TP ICAP Has Started Trading Crypto-Linked Exchange-Traded Products for Clients
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tldr; TP ICAP, the world’s largest inter-dealer broker, has started offering clients services in crypto-linked exchange-traded products (ETPs). The firm has been trading in Europe for clients such as Goldman Sachs, Flow Traders and Jane Street. TP ICAP plans to launch the trading of ETPs in the US in the coming months. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; World's biggest inter-dealer broker TP ICAP has launched crypto-related exchange-traded products (ETPs) for its European clients. The company facilitates trades between hedge funds, investment banks and large financial institutions. It traded the ETC Group Physical Bitcoin, a physically backed equity instrument, which is traded on Xetra, against the CME Bitcoin Future. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Your Daily Dose of Crypto : ( Day :119) • Bitcoin dominance: 40.34% (-0.74%) • Cryptocurrency market cap: 1.964 Trillion Dollars (+1.17%) • BTC average transaction fee: $1.56 ( -13.20%) • ETH average gas Price: 157.99 Gwei (+30.31%) • PayPal has confirmed that it is "exploring" a stablecoin backed by US dollars. • The U.S. Department of Transportation's Small Business Innovation Research (SBIR) program unveiled a raft of proposed research areas this week, including one that proposes investigating the use of crypto tokens to incentivize approaches to what it calls "modality use by consumers." • Liechtenstein-based crypto exchange LCX has confirmed the compromise of one of its hot wallets after temporarily suspending all deposits and withdrawals on the platform. • Crypto exchange Binance.US is building a space in Portals, a metaverse platform built on the Solana blockchain. Portals recreates a dense urban environment where users can explore buildings and interactive rooms. • TP ICAP, the world’s largest inter-dealer broker, has started offering clients services in crypto-linked exchange-traded products (ETPs) in another sign of the growing mainstream adoption of digital assets. • India’s central bank has created a dedicated department for fintech challenges, which includes a pair at their doorstep: framing cryptocurrency regulations and a central bank digital currency • Pantera Capital, an American hedge fund that manages over $6.4 billion in blockchain-related assets, has now reached $63.7 million in funding from 153 investors for its Bitcoin Feeder Fund, a Securities and Exchange Commission (SEC) filing shows. • Prosecutor turned crypto venture capitalist Katie Haun is looking to raise nearly $900 million for a new venture firm.
Started diving into Crypto Index funds - Initially I began with Invictus Capital - looking at their C10 (hedged) and C20 tokens. These tokens are index funds consisting of 10 or 20 top cryptos rebalanced automatically - Buying those tokens gives you diversified exposure to 10 or 20 top cryptos! I think these are so cool, so I started to investigate other products like it so that the next bull run, I will know where to safely park my profits. So far [Invictus Capital](https://invictuscapital.com/) is my favorite option because of the tokenized nature of the Index funds. Because they are tokenized, the [C10](https://invictuscapital.com/en/crypto10hedged) (hedged) & [C20](https://invictuscapital.com/en/crypto20) token can be staked on their platform for the ICAP token. Additionally, the C20 tokens can be put into a liquidity pool (C20-ETH) on Uniswap which will rake in around \~9% APR (as per their website) which is pretty insane if you think about it... making interest off holding a token that is collection of the top 20 tokens in the market. I have a hard time seeing a downside here. C10 token was made in 2017, this company has stood the test of time and continues to build which is awesome I really like [StackedInvest](https://app.stackedinvest.com/strategies/stacks) due to their variety of Funds - wild performance of these funds, and the ability to rent trading bots (their best one is $200/m) and rakes in about 17% profit PER MONTH (I set it on a 3 month span, which is incredible given the blood the past 3 months) and has been around for 2 years. I am excited to play with their bots Lastly, I was looking into [Bitwise](https://bitwiseinvestments.com/crypto-funds/bitw/) and they are mostly boring to me (I was hoping they would have a solid Mid/Small cap Index), the exception being the BITW Index found on the traditional stock market. BITW gives exposure to "The Fund seeks to track an Index comprised of the 10 most highly valued cryptocurrencies, screened & monitored for certain risks, weighted by market capitalization, and rebalanced monthly." What excites me about this is the fact that in Canada there is a kind of account called a TFSA (Tax-Free Savings account) the beauty with this kind of account is that the profits aren't taxed (but contributions are limited). This means exposure to quality cryptos, non-taxed, which is WILD to me. Merry Crypto Christmas/Happy HODL Holidays everyone! Have a wonderful safe holidays and an incredible new year <3