Point Roberts, WA and Delta, BC – July 19, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 634: Stocks discussed: (NYSE: SQ) (NYSEArca: ARKK) (NYSEArca: ARKW) (CSE: BIGG)
Stocks discussed: (NYSE:SQ) (NYSEArca:ARKK) (NYSEArca:ARKW) (CSE:BIGG)
ARK Investment Management purchased 225,937 shares of payments giant Square, Inc. (NYSE:SQ), following the latter’s announcement on Friday of plans to create a new Bitcoin (BTC)-focused platform for financial services, according to CoinDesk. Of this, the ARK Innovation Fund (NYSEArca:ARKK) bought a total of 179,664 shares, and the ARK Next Gen Internet Fund (NYSEArca:ARKW) bought the other 46,273 shares.
Digital currency asset manager Grayscale Investments and CoinDesk subsidiary CoinDesk Indexes have announced the launch of Grayscale Decentralized Finance (DeFi) Fund, a new diversified investment product, and the CoinDesk DeFi Index. According to the press release, the Grayscale DeFi Fund “provides investors with exposure to a selection of industry-leading DeFi protocols” through a portfolio tracking the CoinDesk DeFi Index which “aims to provide a broad-based, benchmark representation of DeFi protocols.” Grayscale Investments CEO Michael Sonnenshein said:
“Grayscale continues to focus on creating opportunities for investors to access new, exciting parts of the digital asset ecosystem. The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry. We’re proud to offer investors exposure to DeFi through Grayscale’s trusted, secure, and industry-leading investment product structures.”
Netcoins.ca, a subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has submitted commentary on Bitcoin’s having hit a monthly low of $28,908, with daily volume maximum of $138.2 billion down 42.3 percent from the intra-month high in May. The company’s President, Mitchell Demeter, explained why “Netcoins sees these market conditions as an opportunity, rather than a stumbling block,”:
“I definitely think the recent movement in Bitcoin value presents an opportunity. This allows a more democratic array of investors to get into the market. It’s also great for cryptocurrency in general as a wider pool of investors become owners in it. Lastly, it offers seasoned cryptocurrency investors a chance to increase their holdings at a lower cost. We at Netcoins are here to help anyone obtain Bitcoin and other cryptocurrency assets, whether they’re a veteran or a novice.”
Sam Mowers, Investorideas
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