The year has just started, and the tokenization rush is already in full force!
We’re ahead of the curve, and so are you!
To ensure you’re always in the loop, here’s our weekly update:
Analyzing Week One of the Bitcoin ETF Trading
The Bitcoin ETF has been trading for 6 business days now, and it’s fair to say that few people expected it to have this sort of effect on Bitcoin’s price. After touching $49,000, the price of a single BTC has shot down to below $42,000. Chief among the causes of the drop is some heavy selling on the part of Grayscale, which has seen sold $3 billion worth of Bitcoin. The Grayscale selling is driven by investors fleeing their high fees – 1.5% compared to 0.25% for Blackrock’s ETF. As the market opens for another week of trading, it remains to be seen how long the Grayscale selling will continue and whether the inflows into the other 9 ETFs will continue to outpace the selling pressure from GBTC.
In our mission to empower you with crucial insights for your 2024 financial goals, we’re spotlighting the megatrends shaping digital assets this year! Last week, your pick was to focus on Real World Assets (“RWA”), and we followed through with a special LinkedIn Audio, arming you with this critical info. Which of these megatrends would you like us to prioritize in our next on-air broadcast?
Don’t forget to review the list of primary and secondary security tokens offered on our platform, each representing a different industry and a unique opportunity.
Last week, our HAG (Hashrate Asset Group) STO investors received security tokens representing their investment in the first tranche directly into their wallets. Additionally, for every 10 HAG tokens in their investment, they are entitled to one additional HAG security token as a dividend. If you were an investor in HAG, congratulations on being among the first to benefit from this milestone! We’re committed to bringing more investment opportunities to you on INX.One.
From our HAG dividend announcement to our RWA space, the tweet that resonated most with our followers featured a video of JP Morgan’s CEO, Jamie Dimon, making a significant statement at Davos: ‘Blockchain is real; it’s a technology… it’s going to move money…we’ve been talking about it for 12 years….’ In our tweet, we saluted Dimon and reminded him that while some may have ‘talked,’ others wasted no time getting it done! ‘Proud to blaze the trail for a trusted digital economy. We even wrote a book about it.’
INX Academy offers multiple articles and guides to help you better understand this evolving market and the wealth of opportunities it has to offer.
It seems like this week, the quest for raising capital peaked, and your most searched articles on INX Academy were about STOs.
Here are the top 3 searched articles:
INXers, our global INX community on Telegram, engage in lively discussions, recognize trends, share news, and debate critical issues. Each week, we gain insights into their perspectives and preferences through a weekly poll.
Poll of the Week:
Would you recommend investing in a Bitcoin ETF to a friend?
38% Not sure
The vote is still ongoing.
Join our community on Telegram to cast your vote.
We have a busy week ahead.
Stay tuned for more updates!
The INX Digital Company inc. is an expert in the field of finance, crypto and digital securities.