Investorideas.com

Get great ideas from our AI, cannabis, cleantech, crypto, esports and mining podcasts - be a guest or sponsor : 800 665 0411


Share on StockTwits

Crypto Corner Podcast #488: MassMutual Buys $100 Million in BTC, 3iQ Completes Ether Fund IPO (TSX: QETH-U), Goldman Sachs (NYSE: GS) Joining JPMorgan's (NYSE: JPM) Blockchain Platform

 

Point Roberts, WA and Delta, BC - December 11, 2020 (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:

https://www.investorideas.com/Audio/Podcasts/2020/121120-CryptoMarket.mp3

Crypto Corner Podcast #488: MassMutual Buys $100 Million in BTC, 3iQ Completes Ether Fund IPO (TSX: QETH-U), Goldman Sachs (NYSE: GS) Joining JPMorgan's (NYSE: JPM) Blockchain Platform

SHARE PODCAST:

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (TSX:QETH-U) (NYSE:JPM) (NYSE:GS)

Following a sell-off-induced downturn earlier this week, Bitcoin (BTC) has yet to recover support at $19,000, which it had entered the week with. It is trading for about $18,075 at press time, according to data from CoinMarketCap, making for a slight recovery from a dip below $18,000 yesterday. Chris Thomas, head of digital assets for Swissquote Bank, told CoinDesk:

"I'm not scared by this. It's just providing a better entry point for those who want to invest mid-long term. I haven't seen much [over-the-counter] or larger activity this week, though."

The Wall Street Journal reports that Massachusetts-based insurance firm MassMutual purchased $100 million of bitcoin for its general investment account. This purchase was made through NYDIG, a New York-based fund management company which, according to the article, "has about $2.3 billion of bitcoin and other cryptocurrencies under management." In addition to the bitcoins purchase, MassMutual also acquired a $5 million minority equity stake in NYDIG. A spokeswoman for MassMutual named Chelsea Haraty told Bloomberg via email:

"We see this initial investment as a first step, and like any investment, may explore future opportunities."

Canadian investment fund manager 3iQ Corp announced the completion of the initial public offering of the world's first Ether (ETH)-based fund. The Ether Fund (TSX:QETH-U) raised $76.5 million. According to the press release, the Fund aims to provide holders of units with "exposure to the digital currency Ether and the daily price movements of the U.S. dollar price of Ether, and the opportunity for long-term capital appreciation."

Bloomberg reports that JPMorgan Chase & Co. (NYSE:JPM) is leveraging its custom blockchain "to conduct intraday repurchase agreements totaling billions of dollars." This has persuaded Goldman Sachs (NYSE:GS) to join the former's Onyx blockchain platform for intraday repo trading as soon as next month. Mathew McDermott, Goldman's global head of digital assets, is quoted:

"This is an exciting project which vividly highlights where enterprise blockchain can address a real-world problem in the financial system, and we look forward to going live in early 2021."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android

Contact Investorideas.com

800-665-0411


Get more Bitcoin and Blockchain Investor ideas - news, articles, podcasts and stock directories