Matthew Sigel, head of digital asset research at VanEck, has warned that at least one bitcoin inventory company ($SMLR) is now approaching a flat trade in net asset value. He pointed out that continuing to raise bitcoin through market issuance in this case will dilute rather than create shareholder value. Sigel recommended that companies establish protective mechanisms, including suspending issuance when the share price is below net value, prioritizing stock repurchases and adjusting executive c...
Speaking at the Bitcoin 2024 conference in Nashville, Tennessee, on July 25, Robert Mitchnick, BlackRock's head of digital assets, said that BlackRock sees "very little interest" from clients in cryptocurrencies other than Bitcoin (BTC) and Ethereum (ETH), and does not expect many other cryptocurrency exchange-traded funds (ETFs) to emerge beyond those two core digital assets.
On June 1st, Roger Beston, head of digital assets at ETF issuer Franklin Templeton, said that financial innovators are playing a long game with the Securities Exchange Commission (SEC). Compared with last year, the situation of the SEC is changing this year. Franklin Templeton has been happy to cooperate with the SEC. It is good to see the SEC change its attitude and change its tone.