The US spot ETFs changed the game—there’s no doubt about it.
Now, more players are lining up to join the game.
Only this time, it’s the banks that will be joining in too.
Keep reading to find out more…here is your weekend crypto update:
Here’s what’s in today’s issue:
- Rebecca shares her thoughts on the battle of the Bitcoin ETF banks, Franklin Templeton liking Bitcoin Ordinals, VC funding making a comeback in crypto, Ethereum L2s possibly exploding to $1 Trillion & an XRP stable coin coming soon.
- Altcoin alpha by David.
- This week’s airdrop by Jesse.
- Sam has an NFT report on What Is AnimeChain?
Thanks to our sponsor CoinStats!
One of the best things about crypto is how diverse and deep the space is.
You have Bitcoin, Altcoins, NFTs, DeFi, and more.
The problem?
Keeping track of everything is literally impossible.😕
That’s where CoinStats comes in.
CoinStats gives you the ability to manage your funds across 300+ wallets & exchanges, 100 blockchains, 1,000 DeFi Protocols & 20,000+ coins.
With CoinStats, you can:
- Get in-depth profit & loss analysis with portfolio analytics 🤑
- Get customized and personalized price alerts 💬
- Set up your crypto Exit Strategy with AI ✨
CoinStats has teamed up with Wealth Mastery to offer readers 50% off on their annual plan.
The Battle Of The Bitcoin ETF Banks
Morgan Stanley and UBS are reportedly going head-to-head to become the first Bitcoin ETF bank.
Whilst there has been no official announcement from either bank, the whispers are coming from crypto insider Andrew AP Abacus.
If this is true, this would be humongous for Bitcoin on top of the already massive announcement of US spot ETFs, plus rumblings of Hong Kong and the UK also launching Bitcoin ETFs later this year.
UBS and Morgan Stanley have ~$4 trillion and $1.5 trillion in global assets respectively. With these banks offering Bitcoin ETFs to their customers, it will only be a matter of time before all banks are doing it too.
So let’s try and unpack what’s really going on here…
- April 2: Andrew says UBS will add Bitcoin ETFs to its platform next week between April 8-12
- April 3: Andrew says Morgan Stanley execs want to be the first to launch and may announce “a few days before UBS”
- April 3: Bloomberg analyst Eric Balchunas says neither of them are yet to add Bitcoin ETFs and are still in a “holding pattern”
This is a watch-this-space kinda story.
Franklin Templeton Likes Bitcoin Ordinals
Bitcoin Ordinals is quite a controversial concept in the Bitcoin community.
It’s yet to be decided whether taking up valuable blockchain space on Bitcoin for memecoins and NFTs is worth it. But one Ordinals fan is Bitcoin ETF issuer Franklin Templeton.
Needless to say, the Bitcoin community was stunned to see Templeton publish a report called “The Rise of Bitcoin Ordinals.” Inside the report, Templeton refers to Ordinals as a “renaissance” that has seen “positive momentum in innovation.”
Not only that, but they acknowledge that Bitcoin NFTs are gaining popularity and taking market share away from other blockchains.
This follows on from Templeton’s earlier note to investors on March 14 titled “The Value Between Meme Coins and Their Native Networks.”…
