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For Brandon Mintz, it was the text messages and calls that started rolling in from friends and colleagues asking how high bitcoin prices could go. Strategic reserve could set off 'bitcoin space race'Under this idea, the U.S. would establish a “strategic bitcoin reserve,” like the ones it already maintains for gold and oil. A day later, Trump echoed the strategic reserve idea, though did not put a specific figure on it. On Nov. 6, Lummis posted on X in all-caps, “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE,” alongside two American flags. For crypto supporters, a strategic bitcoin reserve would send a signal to markets and countries alike about the digital token’s value.

Persons: Brandon Mintz, Lee Bratcher, Donald Trump’s, Bratcher, ”, Trump’s, ’, Mintz, ” Mintz, they’ve, ‘, Ric Edelman, ” Edelman, JP Richardson, Trump, Nicholas Percoco, ” Percoco, —, Robert F, Kennedy Jr, Human Services —, Sen, Cynthia Lummis, Lummis, David Bailey, Michael Terpin, “, ” Terpin, He’s Organizations: American Blockchain, Republican, Texas Blockchain, NBC News, FBI, Trump, Securities and Exchange Commission, Commodity Futures Trading Commission, Edelman Financial Services, Liberty, Strategic, Bitcoin Conference, Department of Health, Human Services, Social Security, BTC Inc, Bitcoin Locations: Texas, Dallas, Bitcoin, bitcoin, U.S, Nashville

☆ No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
▼ + stars: | 2024-05-18 | by ( Emily Glass | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. Edelman, an investor and personal finance author, thinks there needs to be an emphasis on regulations to protect people from crypto scams. We've seen the bitcoin ETFs come to market. We've seen the great things they've done for investors — lowering costs, improving regulation, improving sort of safety, security and peace of mind.," Hougan said. The two ether ETF proposals, submitted by VanEck and ARK Investments/21Shares, are set to be approved or denied this month.

Persons: Ric Edelman, Edelman, CNBC's, Gary, Gensler, Matt Hougan, Bitwise, We've, Hougan, VanEck Organizations: U.S . Securities, Exchange, Digital Assets, Financial Professionals, SEC, ARK Investments

☆ Future of spot ethereum ETFs
▼ + stars: | 2024-05-13 | 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 EmailFuture of spot ethereum ETFsRic Edelman, head of the Digital Asset Council of Financial Professionals and former head of Edelman Financial Engines sits down with CNBC’s Bob Pisani to discuss the next crypto ETF the market is gearing up for and the state of spot bitcoin ETFs.

Persons: Ric Edelman, CNBC’s Bob Pisani Organizations: Digital Asset, Financial Professionals, Edelman

Editor’s Note: In this appeal to Congress, more than 35 artists, activists, scholars and others call for funding for Ukraine. On territory that Russia occupies, it tortures Ukrainian citizens, kidnaps Ukrainian children and murders Ukrainian leaders. By fighting Russia alone, they protect Europe. By fighting a conventional war against a nuclear power, they are making nuclear proliferation and nuclear war less likely. Together we call upon Congress to do the right thing – right now.

Persons: Read, Stringer, Abrams, José Andrés, Gabrielle Carteris, Mona Charen, Misha Collins, Rosario Dawson, Felicia Day, Doug Fears, Jonathan Safran Foer, Francis Fukuyama, Mark Hamill, Gale Anne Hurd, Dara Khosrowshahi, William Kristol, Eric Edelman, Scott Kelly, Daniel Lubetzky, Michael McFaul, Kate McKinnon, Alyssa Milano, Viggo Mortensen, Patton Oswalt, Phillips O’Brien, Brad Paisley, Sean Penn, Serhii Plokhii, Ivanna Sakhno, Eric Schmidt, Liev Schreiber, Timothy Snyder, Terrell Jermaine Starr, Barbra Streisand, Hilary Swank, Peter Wehner, Katheryn Winnick Organizations: Ukraine, CNN, Getty Locations: Russia, Russian, Crimean Tatars, Ukrainian, Kharkiv, Mariupol, Aleppo, Grozny, Europe, Donetsk, Ukraine, AFP, China, Beijing, Asia, East, Africa, United States

☆ How to beat the retirement crisis: The founder of America's top wealth advisor explains how to properly save, and shares 2 sectors that could expedite returns if you're not on track
▼ + stars: | 2024-03-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

But let's say you're 30 years old and haven't started stashing money away; you may have difficulty getting there. And as a result of this, if you're going to live during a 30 or 40 year retirement. In Edelman's opinion, you're late to the game if you're over 25 and haven't started saving and investing. When people do set money aside, it's often in the wrong places, such as bank savings, money market accounts, and government bonds, Edelman said. All of this might sound complicated for a beginner, but diversification can be achieved through exchange-traded funds (ETFs), Edelman noted.

Persons: haven't, Ric Edelman, Barron's, Edelman, it's, aren't, Franklin Templeton Organizations: Federal Reserve, Edelman, New York Times, Trust, Vanguard Locations: America

☆ Bitwise's Matt Hougan and DACFP's Ric Edelman on the growing adoption of spot bitcoin ETFs
▼ + stars: | 2024-02-14 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitwise's Matt Hougan and DACFP's Ric Edelman on the growing adoption of spot bitcoin ETFsMatt Hougan, CIO at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, join CNBC's Bob Pisani at the Exchange ETF conference in Miami Beach to discuss the growing adoption of spot bitcoin ETFs and where they fit in a diversified investment portfolio.

Persons: Matt Hougan, DACFP's Ric Edelman, Ric Edelman, Bob Pisani Organizations: Asset Management, Digital Assets, Financial Professionals, Exchange ETF Locations: Miami Beach

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin retreats from $50,000 after hotter-than-expected inflation data: 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, Matt Hougan, CIO at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, discuss the growing adoption of spot bitcoin ETFs among investment advisors.

Persons: explainers, Matt Hougan, Ric Edelman Organizations: CNBC Crypto, CNBC, Asset Management, Digital Assets, Financial Professionals

☆ Bitcoin, AI and Magnificent 7: The emerging ETF trends as industry gathers for big conference
▼ + stars: | 2024-02-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

To grow, the ETF industry has to expand the offerings of active management and devise new ways to entice investors. The big topics in 2024: Bitcoin, AI, Magnificent 7 alternativesIn 2024, the industry is betting that the new crop of bitcoin ETFs will pull in billions. Financial advisors are divided on whether to jump inTen spot bitcoin ETFs have successfully launched. Inflows into bitcoin ETFs to date have been modest, but bitcoin ETFs are being viewed by some advisors as the first true bridge between traditional finance and the crypto community. Jason Pereira, senior partner & financial Planner, Woodgate Financial, is speaking on how financial advisors are using artificial intelligence.

Persons: Matt Hougan, Steve Kurz, David LaValle, Ric Edelman, Edelman, Gary Gensler's, bitcoin, Jason Pereira, Pereira, Roundhill's, Alex Zweber, Eric Veiel, Rowe Price, Brian Portnoy, Neil Bage, feely Organizations: ETF, LIV, Miami, Super, Advisors, JPMorgan, bitcoin, Galaxy, Edelman, Digital Assets, Financial Professionals, SEC, Apple, Microsoft, NVIDIA, China ETF Locations: Fontainebleau, Miami Beach, China, bitcoin

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSolana rallies 11% amid broader altcoin rally: 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, Ric Edelman, founder of the Digital Assets Council of Financial Professionals, discusses the latest trends in the crypto market.

Persons: explainers, Ric Edelman Organizations: Email Solana, CNBC Crypto, CNBC, Digital Assets, Financial Professionals

☆ A bitcoin ETF seems to be just around the corner. How will financial advisors react?
▼ + stars: | 2023-11-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Edelman also founded Edelman Financial, a large firm of registered investment advisors. The potential of a bitcoin ETF has appeared to help fuel a recent rally in the cryptocurrency. Concerns from advisors Crypto's dramatic rise has largely come without the embrace of the traditional financial system, such as financial advisors and major banks. But not all financial advisors seem ready to embrace crypto just because investing in it is simpler. Client demand Even if advisors are skeptical of crypto, the arrival of bitcoin ETFs is sure to generate more questions from clients.

Persons: BlackRock, Ric Edelman, Edelman, Bitcoin, bitcoin, Sam Bankman, Randy Frederick, Frederick, Andrew Morgan, Taylor, Morgan, that's, Amy Hescht, They're Organizations: Nasdaq, Digital Assets Council, Financial Professionals, Edelman, The Securities, Exchange Commission, SEC, Blackrock, Schwab Center, Financial Research, Fidelity, Presper Financial, Advisors, fund's Locations: United States, U.S, Bitcoin, BlackRock, Michigan, Akron , Ohio

☆ Risk-taker’s market? Why it may be practical to take chips off the table
▼ + stars: | 2023-10-14 | by ( Meredith Mutter | ) www.cnbc.com time to read: +2 min

Investor and personal finance author Ric Edelman believes it's a practical strategy to take chips off the table right now. He includes struggles in the real estate market, high interest rates, government shutdown risks and the Israel-Hamas war. "We're seeing increased interest in short-duration fixed income," said the firm's head of global product strategy and development. Framsted speculates the investors are making the move to short-duration funds in response to the volatility of today's market. "We're seeing interest among our client base who tend to be longer-term oriented in nature across the full spectrum.

Persons: Ric Edelman, it's, CNBC's, Edelman, there's, I've, I'm, You've, Holly Framsted, Framsted Organizations: Investor, . Treasury, The, Core, Capital Group Locations: Israel

☆ Investors sit out ether futures ETFs as spot bitcoin fund hangs in limbo
▼ + stars: | 2023-10-12 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Investor appetite for ether futures exchange-traded funds has remained muted, despite a surge in new listings. Six new ether futures funds from Bitwise Asset Management, ProShares and VanEck launched on Oct. 2. "Frankly, bitcoin was doing fabulous at the time in 2021 and a lot of folks really didn't understand exactly what that fund was, being bitcoin futures. The six ether futures funds that debuted Oct. 2 attracted just $1.92 million collectively on their first day of trading, according to LSEG. "The absence of a spot bitcoin ETF isn't stopping people from buying crypto.

Persons: VanEck, Ric Edelman, Bob Pisani, Edelman, bitcoin, — Organizations: Bitwise Asset Management, Digital Assets, Financial Professionals, The Securities, Exchange Commission, SEC Locations: CNBC's

☆ Ether ETF flows fizzle: Is interest in crypto wavering?
▼ + stars: | 2023-10-09 | 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 EmailEther ETF flows fizzle: Is interest in crypto wavering? Ric Edelman, founder of the Digital Assets Council of Financial Professionals and former head of Edelman Financial Engines, joins 'Halftime Report' to discuss the shock to the market fighting in the West bank has spurred, Ether ETF underperforming after launch, the ongoing debate over the fate of a spot bitcoin ETF.

Persons: Ric Edelman Organizations: Digital Assets, Financial Professionals, Edelman Locations: West

☆ A key question as a true bitcoin ETF gets closer to reality: How much will it cost?
▼ + stars: | 2023-09-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Many crypto and asset management industry professionals now expect the first so-called spot bitcoin funds to launch in 2024 . The number of firms jockeying for a spot bitcoin ETF has already broken into double digits, and it's still growing. The largest bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO) , has an expense ratio of 0.95%. Valkyrie has a Bitcoin Strategy ETF (BTF) that holds futures and has also applied to launch a spot product. He pointed to a Roundhill Ether Futures ETF filing with a proposed 0.19% fee as a more realistic target.

Persons: Franklin Templeton, Steven McClurg, we're, else's, McClurg, Ric Edelman, Bryan Armour, Armour Organizations: Securities, Exchange Commission, BlackRock, Valkyrie Investments, Digital Assets, Financial Professionals, North America, Morningstar, Fidelity Locations: BlackRock, Invesco

☆ What Grayscale’s bitcoin ETF victory over the SEC means for the cryptocurrency and an exhausted market
▼ + stars: | 2023-08-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin jumped 7% on investor hopes that the ruling will pave the way for approval of one or more spot bitcoin ETFs from BlackRock, Fidelity, Invesco and others. Yet the SEC's commitment to regulation by enforcement under Gensler, rather than laying out clear rules, has left companies struggling and hindered new bitcoin investors. If Tuesday's ruling does open the door to the first spot bitcoin ETF in the U.S., that could eventually push crypto prices higher. Owen Lau, an analyst at Oppenheimer, cautioned that Grayscale's court victory "doesn't necessarily mean the SEC will approve Grayscale's conversion, or that there will be a floodgate of spot bitcoin ETF approvals in the near term." Regardless, Tuesday's court decision "is not enough" to bust the market out of its summer stupor, Lau added.

Persons: Bitcoin, it's, Ric Edelman, Gary Gensler, Edelman, Owen Lau, Oppenheimer, Lau Organizations: SEC, ., Appeals, Securities and Exchange Commission, Fidelity, Digital Assets, Financial Professionals Locations: BlackRock, U.S

☆ The deadline for a ruling on Ark's application for a bitcoin ETF is near
▼ + stars: | 2023-08-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Ark's application for a spot bitcoin ETF was published in the Federal Register on May 15. Get in line: Bitcoin ETF applications(Date filed & Last possible review) Ark/21 Shares Bitcoin Trust 5/15/23 1/10/24Bitwise Bitcoin ETF Trust 7/18/23 3/15/24BlackRock Bitcoin ETF Trust 7/19/23 3/16/24VanEck Bitcoin Trust 7/19/23 3/16/24WisdomTree Bitcoin Trust 7/19/23 3/16/24Valkyrie Bitcoin Fund 7/19/23 3/16/24First Trust Galaxy Bitcoin 7/19/23 3/16/24Fidelity Wise Origin Bitcoin Trust 7/19/23 3/16/24 A ninth organization, Grayscale, has filed to convert its Grayscale Bitcoin Trust into a Bitcoin Spot ETF. 'Surveillance sharing agreement'The SEC has denied all prior spot bitcoin ETF applications, citing fraud and manipulation in the underlying markets. Supporters of a spot bitcoin ETF have been emboldened by a court case unfolding between Grayscale Bitcoin Trust (GBTC) and the SEC. Seif runs the Purpose Bitcoin ETF, a spot bitcoin ETF that has been trading in Canada since February, 2021.

Persons: Marco Bello, Reuters It's, Matt Hougan, It's, Neomi Rao, Bitcoin, Som Seif, Seif, Gary Gensler, Gensler, We're, Ric Edelman, Edelman, Bloomberg Intelligence's James Seyffart, Eric Balchunas Organizations: Reuters, SEC, The Securities, Exchange, Federal Register, Federal, Bitwise Asset Management, Bitcoin, BlackRock, Nasdaq, Digital Assets, Financial, CNBC, Bloomberg Locations: Miami Beach , Florida, U.S, BlackRock, Bitwise, Washington, Canada

☆ Bitcoin is in the depths of the summer doldrums despite a wave of positive regulatory developments. Here's what to expect in August.
▼ + stars: | 2023-07-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

In the latest week, bitcoin closed lower by 1.9%. Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m. "August is a quiet month for traditional market investors and crypto is no different," said Greg Cipolaro, global head of research at NYDIG, the crypto subsidiary of Stone Ridge Asset Management. "Historically, mean returns have waned as we go into the summer months and that may play out again in August." But even with the latest downdraft, bitcoin is still up about 77% for the year, and investors are upbeat.

Persons: it's, Greg Cipolaro, Ric Edelman, Edelman, Bitcoin, —, Gina Francolla Organizations: bitcoin, Management, Digital Assets, Financial Professionals, U.S . Securities, Exchange Commission, SEC, Binance, Innovation, Technology, Century, Federal Reserve, European Central Bank, Nasdaq Locations: NYDIG, Stone, Congress, BlackRock

☆ A 'truly diversified' portfolio should include bitcoin and ether, Ric Edelman says
▼ + stars: | 2023-06-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Investors and advisors can't ignore crypto anymore, according to Ric Edelman, founder of Edelman Financial Engines. "It's the first new invention of an asset class in 170 years — the last new asset class was the discovery of oil in the 1850s," he told CNBC Pro at the Digital Assets Council of Financial Professionals' Vision conference in Austin, Texas. "We need to recognize that in order to have a truly diversified portfolio, we need to have exposure to every asset class," he added. "That means advisors need to rethink their notion of portfolio diversification and acknowledge that crypto — like it or not, understand it or not — belongs in a diversified portfolio on a long-term basis." Edelman said to stick to bitcoin and ether — "the Pepsi and Coke of crypto for most folks" — and that you "don't need a lot of it," recommending a low, single-digit allocation as a percentage of a portfolio.

Persons: Ric Edelman, Edelman, DACFP Organizations: Edelman, CNBC Pro, Digital Assets, Financial Professionals, Pepsi, Coke Locations: Austin , Texas

☆ Ric Edelman on the future of bitcoin amid two new SEC lawsuits against crypto platforms
▼ + stars: | 2023-06-20 | by ( Alison Conklin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRic Edelman on the future of bitcoin amid two new SEC lawsuits against crypto platformsCNBC's Tanaya Macheel sits down with the Chairman of the Digital Assets Council of Financial Professionals VISION 2023 conference taking place this week in Austin, Texas. VISION is the longest-running cryptocurrency investment conference for financial professionals and investors in the industry. Edelman discusses the future of bitcoin and other digital assets amid new SEC lawsuits against crypto platforms Coinbase and Binance.

Persons: Ric Edelman, Macheel, Edelman Organizations: SEC, Digital Assets, Financial Professionals Locations: Austin , Texas

☆ Why cryptocurrencies are climbing after the SEC sued the largest U.S. crypto exchange
▼ + stars: | 2023-06-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

It's only Tuesday, but the Securities and Exchange Commission has already brought legal action against two of the biggest platforms in crypto – and to the surprise of some, crypto prices are climbing. What began as a muted reaction Tuesday to the SEC's lawsuit against Coinbase , the largest U.S. crypto exchange and first publicly listed crypto company, turned into a positive one. At one point in the afternoon, bitcoin and ether had nearly recovered their losses from the previous day's crypto market sell-off, sparked by the SEC's lawsuit against Binance, the largest crypto exchange in the world. Investors are also now anticipating another Fed rate hike, which has typically weighed on crypto prices. "Crypto prices are up 60% or more YTD, the crypto winter is over," he added.

Persons: It's, Coinbase, Matt Hougan, Hougan, that's, bitcoin, Ric Edelman, Gary Gensler, We're, Edelman Organizations: Securities and Exchange Commission, Coinbase, Investors, Binance, SEC, CNBC, Digital Assets, Financial Professionals, Republican Locations: U.S, Coinbase

A money market account is an interest-earning bank account. Money market accounts usually have the following features:A variable interest rate: The interest rate of a money market account may fluctuate depending on what the Federal Reserve does. Quick tip: Money market accounts are not to be confused with money market funds, which are a type of low-risk investment. Money market account vs. savings accountMoney market accounts are a type of savings account. There's nothing stopping you from opening both a money market account and a high-yield savings account if you want to.

☆ Crypto just lost both of its main banks. Here's what it means for the industry going forward
▼ + stars: | 2023-03-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The days before the industry had crypto-forward banks to turn to were some of the darkest for the industry. At the end of February, three major banking regulators issued a joint statement warning banks of the liquidity risks associated with banking crypto companies. "Banks and law firms are getting a clear message from regulators: distance yourselves from crypto companies," said Ric Edelman, founder of the Digital Assets Council of Financial Professionals. "But for the moment, crypto companies are increasingly finding themselves where cannabis companies were a decade ago." Employees work at a Signature Bank branch in Manhattan on March 13, 2023 in New York City.

☆ Insiders detail how Wall Street is preparing for a post-FTX world, from heightened scrutiny on crypto deals to rethinking hiring plans
▼ + stars: | 2022-11-22 | by ( Morgan Chittum | Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +12 min

Most Wall Street firms have executed big crypto and blockchain initiatives. The ties between Wall Street, Main Street, and digital assets have never been tighter. Some traditional firms have chosen crypto custodians to do that for them, while others offer it themselves. Fidelity also has its own digital assets custody offering, and reportedly had plans to continue building out its digital-asset team as recently as late October. 121, which requires most SEC registrants to record the fair value of custodied digital assets as a liability.

☆ Turning point for the crypto community? Where bitcoin goes from here
▼ + stars: | 2022-09-17 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +4 min

But with bitcoin coming off a nearly two-year low, the short-term temperaments are being met with a mix of positive and negative factors that are guiding where the crypto community goes from here. Proposals for more SEC oversight of the crypto community are likely to be met with hostility from the community itself, although the agency has already taken steps to enforce its regulatory agenda. "A year from now, the large trading venues will be in the process of registering with the SEC," Hougan said. Beyond the crypto community, rates of adoption from large investment firms demonstrate that digital currencies are being embraced by Wall Street, Hougan said. "Blackrock and Schwab coming in reinforces to everyday investor that bitcoin is not going away," Hougan said.

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