A big day Today is the last possible day that the SEC could approve all current Bitcoin ETF applications simultaneously. It arises by virtue of the way the various deadlines roll out, with Hashdex and Franklin hitting their first deadlines (I’ve never heard of them either). This would have the advantage of creating a level

In a different universe On the left, the branding of one of the largest fund managers in the world. On the right. Fidelity Digital Assets, launched 2018. If you have a hugely valuable brand you do everything to protect it and you can see the subtle strategy here. It looks like Fidelity on the right,

Bond Vigilante The Chris Joye fan club were out in force again this week after he “brilliantly showed” how it’s an everyday occurrence to get 5-6% on your cash. I brilliantly googled it and the first thing that came up was 5.6%. The fan club appeared to be suggesting why take the risk of being

Statistics I would probably doubt Josiah (1880 – 1941; former Bank of England Director) were it not for my own experience with statistics. On taking a new job in finance some years ago in the UK, I was presented with a form for signature. It was from the ONS, Britain’s Office of National Statistics. “What’s

Shhhh If the stock market falls 3% in a day. It’s news. If it falls 10% in a day, it goes into the archives and if it ever fell by 50% we would be talking about it for the next 100 years. I do not have an answer to Meb’s question other than to say

Milkshake You knew the US dollar was doing well; I bet you didn’t know it was this impressive. Every single currency in the world is down in the last decade against the USD. One theory explaining this is the dollar milkshake. The video is four years old but it got a lot right. With US

The price of fish Back in the 1990s a survey was conducted in fishing villages on the West coast of Africa. The idea was to measure the impact of mobile phones on supply curves for fish. Pre phones, if a fisherman at a port had too much of a particular fish, he would simply drop

Upgrade “the rally on El Salvador bonds almost defies gravity”. So says Santander, which is quite something given the disastrous year bonds are having almost everywhere else. In truth, the bonds still have a junk rating, but through bitcoin, El Salvador has found a way to put itself on the map globally, attract significant inbound

Narcos Those of you who haven’t watched Narcos are missing a treat. Released in 2015, the final series aired three years ago later to great acclaim. It was visually pleasing, atmospheric and unsurprisingly, given the product they were shifting, highly addictive. The story depicts the progression of Pablo Escobar’s cartel in Medellín, Colombia and his

A loser “We agree. The denial of the Grayscale proposal was arbitrary and capricious because the Commission failed to explain its different treatment of similar products.” So said the U.S. District of Columbia Court of Appeals. The SEC now has 45 days to appeal; but the next stop is the United States Supreme Court. Tight