#CryptoCorner #Podcast 690: #Stocks discussed: (NYSE: $JPM) (NYSE: $IVZ) (TSX: $GLXY.TO)

#CryptoCorner #Podcast 690: #Stocks discussed: (NYSE: $JPM) (NYSE: $IVZ) (TSX: $GLXY.TO)

 

Bitcoin Rally Due to Institutional Investor Appetite says JPMorgan, Invesco Launches Two New Blockchain-Focussed ETFs via Galaxy Digital Partnership

 

Point Roberts, WA, Delta BC October 8, 2021 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/100821-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/10081JPM-IVZ-GLXY.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NYSE:JPM) (NYSE:IVZ) (TSX:GLXY)

 

JPMorgan (NYSE:JPM) cites an “increased appetite from institutional investors who are seeking a hedge to inflation,” as a reason for Bitcoin’s (BTC) rally to a more than $1 trillion USD market cap in this past week, according to an article from Market Insider. This take comes from a note shared by JPMorgan with clients on Thursday, an excerpt from which points to three factors influencing the rally:

 

1. "The recent assurances by US policy makers that there is no intention to follow China's steps towards banning the usage or mining of cryptocurrencies."

2. "The recent rise of the Lightning Network and 2nd layer payments solutions helped by El Salvador's bitcoin adoption."

3. "The re-emergence of inflation concerns among investors has renewed interest in the usage of bitcoin as an inflation hedge."

 

The Market Insider piece also cites the relative weakness of gold as an effective hedge against inflation in the past months.

 

Data from CoinMarketCap indicates that Bitcoin is up about 14 percent in the past seven days, and is trading for roughly $54,000 at press time.

 

Global asset management firm Invesco Ltd. (NYSE:IVZ) has announced the launch of two passively managed exchange-traded funds (ETFs) focused on digital assets and blockchain: the Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). According to the press release, the two ETFs “will offer thematic equity exposure to global public companies and select investment vehicles that are actively engaged in the cryptocurrency and blockchain sectors.” They are the result of a partnership with Alerian S-Network Global Indexes and Galaxy Digital Holdings Ltd. (TSX:GLXY). Steve Kurz, Partner and Head of Asset Management at Galaxy Digital, said:

 

"Today marks an exciting milestone as we unlock another way for retail and institutional investors to get involved in the rapidly evolving and transformative world of digital assets. We look forward to our continued partnership with Invesco, a leader in ETFs, and Alerian, a leader in index-based investment strategies, as we continue bridging the gap between traditional and digital finance."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash  and others.

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android 

 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800-665-0411a

 

 

 

Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories