Hey, guess what? Blockstream, the company that makes blockchain sound as exciting as watching paint dry, has launched two investment funds. Yeah, you heard me right. Not just one, but two. It’s like they’re playing a numbers game to see how many funds they can throw at us before we all go broke. 🤔
On January 23, they unveiled their new asset management business, introducing the Blockstream Income Fund and the Blockstream Alpha Fund. These funds are set to launch in the first quarter of this year. Because apparently, the world needed even more ways to lose our money in the name of Bitcoin. 🤑
The Blockstream Income Fund is all about earning some USD on Bitcoin-backed loans and other revenue streams. It’s like lending your Bitcoin to strangers in exchange for a few pennies. And the Alpha Fund? Oh, it’s all about growth, but you know what they say: growth means more fees. It’s like buying a lottery ticket with a side order of a high-interest loan. 🤦♂️
But wait, there’s more! Blockstream joins the likes of Grayscale, Pantera, and Galaxy Digital in offering crypto-focused investment funds. And let’s not forget Crypto.com’s institutional investment platform. It’s like a buffet of ways to lose your money, but with more crypto-themed napkins. 🍽️
But hey, if all that wasn’t enough, the biggest driver of institutional investment has come from ETFs. As of January 10, net assets held by US Bitcoin ETFs were approaching $120 billion. So, if you thought the world was crazy before, just wait until you see how much more insane it gets. 🤯
The Trump Factor
Analysts think the election of US President Donald Trump means big changes for the crypto industry. If he puts in some positive regulations, institutional adoption of Bitcoin and other digital assets could skyrocket. Or, you know, it could just turn into a giant game of regulatory roulette. 🎲
VanEck’s associate product manager, Denis Zinoviev, thinks Paul Atkins’ nomination to lead the US Securities and Exchange Commission could be a game-changer. But he also warns that increased adoption might come with heightened scrutiny. Like, imagine if your parents started checking your Bitcoin transactions. 😱
In the meantime, the SEC has set up a crypto task force headed by Hester Peirce. Their job is to make sense of this whole crypto mess. It’s like they’re trying to organize a tea party with a bunch of cats. Good luck with that. 🐱✨
Read More
- GBP EUR PREDICTION
- Rumoured The Elder Scrolls 4: Oblivion Remake Dev is Working on an “Unannounced Unreal Engine 5 Remake”
- HBAR PREDICTION. HBAR cryptocurrency
- SEI PREDICTION. SEI cryptocurrency
- ICP PREDICTION. ICP cryptocurrency
- CNY RUB PREDICTION
- INJ PREDICTION. INJ cryptocurrency
- The DCU Is Better Off Without More Batman Movies for Awhile
- Wise Guy: David Chase Revisits The Sopranos in HBO Documentary Trailer
- The Fantastic Four: First Steps Celebrates Christmas With Brand-New Poster
2025-01-23 22:50