The post Crypto Treasuries Are Fading-And Staking ETFs Will ‘Eat Their Lunch’: SOL Strategies CEO appeared com. Canadian-based SOL Strategies is a publicly traded Solana-centric company that has stockpiled the network’s native token-but it doesn’t want to be confused with the growing list of digital asset treasuries (or DATs) that have merely focused on accumulating SOL, the network’s native token. “Our thesis is that there’s no sustainable market for digital asset treasuries,” SOL Strategies Interim CEO Michael Hubbard told Decrypt. “That’s not an interesting business model.” “They’re a proxy financial engineering play that largely was driven by short-term hype. I almost want to say greed, but that seems a bit strong,” he added. “I think we’ll see one or two long-term sustainable or successful DATs that kind of control the narrative, that drive the theme, but staking ETFs are going to eat their lunch.” Hubbard said that while the original DAT thesis of providing exposure to previously uninvestible assets-either based on geography or other restrictions-was a great thesis, it has lost its luster. “Now we have ETFs that provide the same level of exposure, but ETFs are far more regulated and have a very known framework and protections around that,” he added. ETFs also come from known issuers with controlled and defined expenses, he added, while DATs can have complex balance sheets, warrant overhangs, debt converts, and shares in private placements that haven’t yet been registered for resale. “The value gap that DATs are filling is narrowing very rapidly,” said Hubbard. Staking ETFs add a further benefit for investors by letting them get a share of network staking rewards for proof-of-stake assets like Solana and Ethereum. The recently launched Bitwise Solana Staking ETF has seen zero days of outflows since launching in late October, suggesting solid demand for both Solana and staking-enhanced funds. SOL Strategies was arguably the first Solana treasury firm, rebranding from Cypherpunk Holdings.
Category: general
Portland Trail Blazers coach Chauncey Billups pleads not guilty in rigged poker games case
Miami County Sheriff’s Office reports
Mason will return for his third season as the Blue Raiders’ head coach, according to Cecil Joyce of the Daily News Journal.
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Stocks got a lift from rising hopes that the Federal Reserve will cut its main interest rate again at its next meeting in December.
Benoit Blanc is absent from the first forty minutes of Wake Up Dead Man, and writer and director Rian Johnson explains why.
The post Bitcoin Surges 8% as Powell Eyes December Fed Rate Cut Push appeared com. Bitcoin surges 8% from $81K low as Fed rate cut odds jump to 67% for December meeting. Chair Powell may override divided Fed officials to push through 25 basis point rate reduction. With the market speculating a Fed rate cut in December, Bitcoin has rallied by more than 8% since it went down below $81, 000 on Friday. According to Barclays Research, there is disagreement among Fed officials about the future of monetary policy. Moreover, Chair Jerome Powell might signal another 25 basis point cut. Powell Could Tip the Scales Toward Rate Reduction It looks like, Federal officials are quite divided on the issue of monetary policy direction. It has been reported that governors Stephen Miran, Michelle Bowman, and Christopher Waller are in favor of loosening rates at the meeting in December. On the other hand, President of the St. Louis Fed, Alberto Musalem and President of the Kansas City Fed, Jeffrey Schmid are inclined to keep the current range of 3. 75-4% without any further changes. Vice Chair Michael Barr, Philip Jefferson, Austan Goolsbee of Chicago, and Susan Collins of Boston are all quite uncertain about the matter and are slightly inclined to suggest holding the rates at their current level. In the meantime, Lisa Cook and John Williams are waiting for the economic data to come in and seem to be agreeable to another rate cut if the situation requires it. The CME FedWatch tool is currently indicating a 67% chance of a rate cut in December, which is a significant reversal from the 33% probability that was estimated right after Fed Williams’ remarks. According to Nick Timiraos, a reporter for the Wall Street Journal, if there is a rate reduction, Powell will have to be very vocal about it and persuade the rest of the committee to go along with.
Mother of a suicide victim, Christopher Todd Erick, claimed that she saw her son’s remains displayed in a Las Vegas museum, sparking shock, fear, and widespread attention online. The museum, however, has firmly denied these allegations, stating that there is no connection between the exhibit and Christopher.
One of the great things about Valve’s hardware is that it’s not locked down, and they put a lot of money into open source for SteamOS (Linux).. Read the full article on GamingOnLinux.