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"For example, during Trump's previous administration, deregulation in the energy sector boosted oil and gas stocks, benefiting energy ETFs." Aggregate Bond ETF (AGG) and Vanguard Total Bond Market Index Fund ETF (BND), two of the world's largest bond ETFs, and longer-term funds like iShares 20+ Year Treasury Bond ETF (TLT). Crypto ETFS having big year and getting bigger Since launching in January, crypto ETFs have attracted roughly $70 billion in assets, one of the most successful ETF launches ever. Bitcoin ETFs including the iShares Bitcoin Trust (IBIT), the largest bitcoin ETF by assets under management, have seen significant inflows since October. Rosenberg at Texas Capital acknowledges that certain ETF sectors, like industrials ( Vanguard Industrials Index Fund ETF , or VIS; iShares U.S. Industrials ETF , or IYJ), "could be hurt by more tariffs."
Persons: Trump, Tom Lydon, John Davi, iShares Russell, ROE, Matt Bartolini, Bartolini, Gavi, Edward Rosenberg, Gary Gensler, Michael Novogratz, Cathie Wood, Todd Sohn, Wood, Davi, Rosenberg, industrials Organizations: Astoria, CNBC, Potential Trump, Bank ETF, Assets ETF, Trump, ETF Research, Street Global Advisors, Regional Bank ETF, Treasury, Aggregate Bond, Vanguard, Fund, Treasury Bond ETF, Texas, SEC, Commodity Futures, Galaxy Digital Holdings, ARK, Innovation, ARKK, Downside, China ETF, Texas Capital, Index, Industrials, U.S, Edge Locations: Astoria, Congress, rulemaking, Coinbase, China, Mexico
It's the dawn of a new day for the crypto industry with Donald Trump now the president-elect of the United States, said Galaxy Digital's Michael Novogratz, calling out the numerous crypto advocates that have advised him. "We've got a Congress that is moving our way, we've got a president that's moving our way, and so for Galaxy and the crypto industry, that couldn't be more optimistic," he said on CNBC's "Squawk Box" Wednesday morning. "Those three positions, with someone who's open minded to crypto … changes everything," he said. And all of a sudden we'll start seeing decentralized systems launched and work so this is really a step change." The shift won't happen overnight, Novogratz warned, but as Trump starts to appoint people into various positions of leadership there will be "a substantial shift in the energy of this industry."
Persons: Donald Trump, Michael Novogratz, We've, we've, that's, Novogratz, Joe Biden, Trump, JD Vance, Peter Thiel, Howard Lutnick, Cantor Fitzgerald, Sen, Elizabeth Warren, Biden, Gary Gensler Organizations: Galaxy, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Street, Bank of New, Silicon, SEC Locations: United States, U.S, Bank of New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCouldn't be more optimistic for the crypto industry, says Galaxy CEO Michael NovogratzGalaxy founder and CEO Michael Novogratz joins 'Squawk Box' to discuss the state of crypto, impact of Donald Trump's election victory on the industry, and more.
Persons: Michael Novogratz, Donald Trump's Organizations: Galaxy, Michael Novogratz Galaxy
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Persons: we've, there's, Bose, Apple, We've, it's, shams, Dyson, OmniForce, Bissell, Ashley Caitbrook, Ashley, you've, recyclables, callouts, Dyson Airwrap, , Gabrielle Chase, , wardrobes, Tabby, clogs, Pullover Organizations: Business, Amazon Prime, Apple, Samsung, PlayStation, LG, Amazon, Apple AirPods, Amazon Bose, Amazon LG, Tech, Sony, Google, Slim, Air, MacBook, Amazon Apple, Amazon Samsung Galaxy Watch, Galaxy Watch, Garmin, Amazon Samsung, Galaxy, Alexa, Kindle, Casper, Pillow, Dyson, Upright, Bissell, AMD, futon, Amazon Philips, Chatelet Air, DELTA, Delta, Philips, Adidas Locations: Amazon, Keurigs
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Persons: I've, I'm, we've, you've, vacuums, Jolene Loafer, Pullover, Taylor Organizations: Business, Deal, iRobot, Paris Chatelet Air, Alexa, Amazon, Amazon Philips, Taylor Tote
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Persons: We're, Dresser, Ashley Caitbrook, Ashley, fryer, Max, Loloi, Loren, LQ, Jonathan Adler Organizations: Business, Deal, Amazon, futon, Morris, Morris & Co Locations: Tallulah
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGalaxy CEO Mike Novogratz: The next big jolt to bitcoin will be options that trade on ETFsGalaxy founder and CEO Michael Novogratz joins 'Squawk Box' to discuss state of the crypto market, impact of the Fed's interest rate decision on the price of bitcoin, state of the 2024 election, and more.
Persons: Mike Novogratz, Michael Novogratz Organizations: Email Galaxy, Galaxy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGalaxy Digital's Mike Novogratz on what could drive more investment advisors to cryptoMike Novogratz, CEO of Galaxy, speaks with Bob Pisani at Future Proof 2024 to weigh in on investment advisors' growing interest in crypto and what could drive more adoption of the asset class.
Persons: Mike Novogratz, Bob Pisani Organizations: Galaxy
More than 4,000 people have descended here for the Future Proof conference , a vast social gathering designed to give younger registered investment advisors and other investment professionals access to what they want. What they want, apparently, is an intense desire to network with other RIAs and investment professionals and find ways to grow their business. Reimagining the financial conference Future Proof is the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. This is the third year for the conference, but Ritholtz and company have been doing conferences for 15 years. Ritholtz describes it as an ongoing project to reinvent the financial conference concept, which he says is "moribund."
Persons: Barry Ritholtz, Josh Brown, Ritholtz, Van Eck, Matt Middleton, Adarsh, Brett Rodgriguez, Delon Mansour, Mansour, Shyamsundar, Harris, Consulting's Brett Rodgriguez, Akash Shah, Shannon Saccocia, Raj Dhanda, Ares Management, John Christmas, RIAs, They'll, Mike Novogratz, Anna Paglia, Bryan Whalen, Saira Malik, Lauren Goodwin, Scott Wapner, DoubleLine Capital's Jeff Gundlach, CNBC's, Jan van Eck, Matt Hougan, DJ Mick, There's, Bob Pisani, Jon Maier, JP Morgan, Pisani, Jan Van Eck, Marlena Lee, That's Organizations: Ritholtz Wealth Management, JPMorgan Chase, Capital Group, Street Global Advisors, Funds, Polaris Capital Management, Graystone Consulting, Investments, Investment, Ares, HPS Investment Partners, Global, Life Investments, Bitwise, Management, Dimensional Fund Advisors Locations: HUNTINGTON BEACH, Calif, Los Angeles, Iowa, California, Huntington Beach, San Diego, Michigan, ETFEdge.cnbc.com
Tuesday's debut of exchange-traded funds that hold ether is widely seen as a significant event for the crypto industry, although it may not see the success or fanfare that bitcoin ETFs did earlier this year. The ether ETFs come about six months after the launch of bitcoin ETFs , which saw some of the most successful debuts in the industry's history. And so the question is how much impact on price is really going to have?" Mike Novogratz, CEO of Galaxy Digital, whose Invesco Galaxy Ethereum ETF (QETH) began trading Tuesday, agreed ether ETF flows could be small compared to bitcoin funds'. "We think it'll be about 20% as many flows [that] will go into the ether ETF in the first six months that went into bitcoin [ETFs]," he said in a separate "Squawk Box" interview.
Persons: Anthony Pompliano, CNBC's, We've, Pompliano, Mike Novogratz, , Jesse Pound Organizations: Professional Capital Management, Galaxy Digital, Ethereum
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGalaxy CEO Mike Novogratz on ether ETF approval, Pres. Biden dropping out and state of 2024 raceGalaxy CEO Mike Novogratz joins 'Squawk Box' to discuss the approval of spot ether ETFs, what it means for the crypto community at large, President Biden's decision to drop out of the 2024 presidential race, state of the 2024 election, and more.
Persons: Mike Novogratz, Pres, Biden, Biden's Organizations: Email Galaxy, Galaxy
“His last act will not be getting knocked down,” said one longtime Biden 2020 campaign aide of the family and the inner circle. They loved saying in 2020 that Joe Biden won because the party, and not the pundits. Some have already “quiet quit,” going through the motions until Joe Biden gets to the end that many of them now believe is inevitable. It feels like if he could go to Congress and make a rousing speech, he would,” said one Democratic operative involved with the campaign. “Here in HQ, we’re working really hard because on winning campaigns, you work really hard,” said Biden campaign spokesman Kevin Munoz.
Persons: Joe Biden, Donald Trump, It’s, Biden, , , they’ve, Illinois Sen, Dick Durbin, Reagan, they’ll, who’s, Faith, , we’re, it’s, Kevin Munoz, Mike Novogratz, Abigail Disney, Trump, Joe, Nancy Pelosi, Chuck Schumer, Hakeem Jeffries, ” Biden, Kamala Harris, I’ve, Dan Kanninen, Kanninen, ” Kanninen, that’s, Donald Trump –, California Sen, Alex Padilla Organizations: Washington CNN, CNN, Biden, Democrats, Democratic, White, White House, Republican, Galaxy Digital, Democratic National Committee, Senate Democratic, Democrat, Google, West, , Trump, Senate, Electoral College Locations: Illinois, Wilmington, Chicago, Pennsylvania, Michigan, Wisconsin, Arizona, North Carolina, California
Donald Trump was not always a crypto supporter, but he's recently voiced strong support for the industry. Political spending by the industry has made crypto an election issue for both parties, a source told BI. The former president's pro-crypto stance is making bitcoin a "Trump trade," Bernstein said. AdvertisementAt a campaign fundraising event in June, former president Donald Trump styled himself as something that would have seemed unlikely not long ago. "He said he would be the crypto president," tech executive Trevor Traina, who attended the fundraiser, told Reuters that month.
Persons: Donald Trump, he's, Bernstein, , Trevor Traina, It's, Trump, — Donald J, Joe Biden, it's, Alan Konevsky, Trump's, David Bailey, Konevsky, Biden's, Michael Novogratz Organizations: Service, Reuters, Republican, Fox Business, CNBC, Democratic, Public Citizen, BTC Inc, Congress, Innovation, Technology, Trump, Securities and Exchange Commission
The decline puts bitcoin below its 200-day moving average, which could signal a downturn, FXPro's Alex Kuptsikevich said. Investors are unloading the token as fear mounts of selling pressure from Mt. The fallout extends a three-day drop, as worries mount over impending selling pressure in the market. The decline has now pulled bitcoin below its 200-day moving average, FXPro senior market analyst Alex Kuptsikevich pointed out. But that's adding to fears over selling pressure, as clients may choose to cash their tokens for big gains.
Persons: Bitcoin, Alex Kuptsikevich, , bitcoin, Kuptsikevich, Fundstrat's Tom Lee, Michael Novogratz Organizations: Investors, Service, Galaxy Locations: Mt, Gox, bitcoin, solana
Watch CNBC's full interview with Galaxy CEO Michael Novogratz
  + stars: | 2024-07-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Galaxy CEO Michael NovogratzGalaxy CEO Michael Novogratz joins 'Squawk Box' to discuss the current political landscape, whether the donor class is now going to Biden and not giving them money, and if Biden's crypto stances have changed the chief executive's beliefs on the presidency.
Persons: Michael Novogratz, Biden Organizations: Galaxy
This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.
Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, , Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, , Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance
Larock's experience comes at a time when, at least on the surface, the jobs market has continued to glide along. But worries are growing that the labor market is beginning to show cracks. Welcome to the good news-bad news labor market, where the collective experience is positive but not as much for individuals in particular groups. "But the bad news is that new entrants to the labor market are faring less well," Peng added. While Peng characterized the jobs market as "strong overall," she said there are "soft soft spots" that are particularly hitting "new entrants to the workforce."
Persons: Samantha McCloud, Victoria Garcia, Jessel Rincon, Irfan Khan, Julianna Larock, Larock, Jacqueline Novogratz, Michael Novogratz, Julianna LaRock, nonfarm, It's, Goldman Sachs, Elsie Peng, Peng, Molly Huang, it's, Huang, David Pakula, Cory Stahle, Joanie Bily, Bily, grads, Ethan Mariano, Mariano Organizations: Temple City High School, Los Angeles Times, Investment Partners, University of Delaware, Fordham, Bureau of Labor Statistics, Goldman, Penn State University, Vanguard, Gettysburg College, American University, State Department Locations: Temple City , CA, Wilmington , Delaware, New York City, New York, Horsham , Pennsylvania, U.S, Washington ,, Hazleton , Pennsylvania
Crypto bull Michael Novogratz says bitcoin could top $100,000 by year-end. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBitcoin could break past $100,000 by the end of this year as political roadblocks come down, Galaxy Digital CEO Michael Novogratz told Bloomberg TV. There's been about 150 million on its way to $250 million in these crypto Super PACs," he said. As political obstacles clear, Novogratz expects it will lead to legislation that can spur crypto upside.
Persons: Crypto, Michael Novogratz, bitcoin, , Novogratz, he's, We're, it's, There's, Donald Trump Organizations: Bloomberg, Service, Galaxy Digital, Securities and Exchange Commission, Innovation, Technology, Century
Mike Novogratz's firm has tokenized an 18th-century violin as collateral against a loan, Galaxy said in a press release. Tokenizing the instrument is a way to boost liquidity, and make it more available to interested investors. AdvertisementThe crypto-focused firm Galaxy Digital has tokenized an 18th-century violin, creating a blockchain version of the instrument to use as collateral for a multimillion loan, Bloomberg reported. It is now in the care of Galaxy, which provided Siu a loan, and is using the violin to back it. He added that he is open to eventually fractionalizing the tokenized instrument, allowing investors to purchase a claim.
Persons: Mike Novogratz's, Galaxy, Yat Siu, , Catherine the Great, Siu, Michael Novogratz Organizations: Animoca Brands, Service, Galaxy, Bloomberg
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin jumps back above $69,000, and DC settles Michael Saylor tax fraud lawsuit: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Galaxy Digital's Michael Novogratz discusses the sudden shift in crypto politics in the U.S. from Consensus 2024.
Persons: Michael, explainers, Michael Novogratz Organizations: CNBC Crypto, CNBC Locations: U.S
Even some bulls say to start small if you're interested in investing in cryptocurrency. Billionaire Mike Novogratz, founder and CEO of Galaxy Digital, a digital asset and blockchain company, recommended starting with 2% to 5% of your overall portfolio during CNBC's Financial Advisor Summit on Wednesday. If you want to learn about crypto, you should at least "get off zero," Novogratz said, because doing so will get you engaged. "You learn about things by putting a little money on the line. As an industry insider, it makes sense for Novogratz to encourage as many people as possible to learn more about and invest in crypto.
Persons: Mike Novogratz, Novogratz, Brian Vendig Organizations: cryptocurrency, Galaxy Digital, CNBC's, MJP Wealth, CNBC Locations: Westport , Connecticut
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto prices will be much higher if Democrats shift stance on crypto: Galaxy's NovogratzMichael Novogratz, Galaxy Digital founder and CEO, joins 'Squawk Box' to discuss the recent price moves in cryptocurrencies, if the Biden administration has conversed with the SEC on cryptocurrencies, and more.
Persons: Michael Novogratz, Biden Organizations: Galaxy Digital, SEC Locations: cryptocurrencies
Bitcoin's break below $58,000 on Wednesday clears a path for it to fall as low as $50,000, Standard Chartered said in new research. The crypto's decline has been driven by rising ETF outflows and falling US liquidity levels. AdvertisementDeteriorating conditions are denting the Bitcoin rally, with this week's drop below $60,000 putting it en route for an even lower price range. According to commentary from Standard Chartered, the apex token could temporarily reach as low as $50,000, signaling an over 13% drop from current levels. Among these are shrinking investments in spot bitcoin ETFs, funds that first sparked the rally at the year's start.
Persons: , Geoff Kendrick, Kendrick, Mike Novogratz, he's Organizations: Chartered, outflows, Service, Standard Chartered, FX Locations: Hong Kong
Galaxy Digital CEO Mike Novogratz on bitcoin volatility
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGalaxy Digital CEO Mike Novogratz on bitcoin volatilityGalaxy Digital CEO Mike Novogratz joins 'Squawk Box' to discuss the recent volatility in bitcoin, how to approach the 'bitcoin halving' event, and more.
Persons: Mike Novogratz Organizations: Galaxy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Galaxy Digital CEO Mike Novogratz on bitcoin volatilityGalaxy Digital CEO Mike Novogratz joins ‘Squawk Box’ to discuss the recent volatility in bitcoin, how to approach the 'bitcoin halving' event, and more.
Persons: Mike Novogratz Organizations: Galaxy Digital, Galaxy
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