Thematic Investing & ETF Market - The ETF market is evolving towards active management, with active equity funds accounting for 30-40% of flows in the last three months [17][18] - Thematic investing is not new, with early ETFs targeting small emerging markets and select sector spiders [16][17] - Investors are using actively managed ETFs as an "explore strategy" against their core, which is typically cheap beta [29][30] - The industry is aware that relative performance is something to be mindful of, and technical research teams are helpful in this regard [24] FundStrat's "Granny Shots" Strategy - FundStrat uses a thematic-based research approach, identifying long story arcs and population trends to drive investment decisions [4] - The "Granny Shots" strategy involves selecting stocks tied to at least two important themes to reduce risk [8][9] - The "Granny Shots" portfolio consists of 35 stocks from the S&P 500, tied to seven key themes driving the market [10] - FundStrat rebalances the portfolio every quarter and reviews themes monthly, potentially adding or deleting themes [15][24][25] Cryptocurrency & Bitcoin ETFs - Bitcoin ETFs have been a successful product launch, but Bitcoin's price has churned due to in-kind exchanges and early investors taking profits [33][34][35] - The next big thing in crypto ETFs may be staking, with filings for Solana and ETH staking products [39][41] - Buying the cheapest Bitcoin ETF is cheaper than most direct cash to Bitcoin transactions on crypto exchanges [39] International Investing - The S&P 500 has underperformed core emerging and developed markets year-to-date, partly due to a weaker dollar [44][45] - International diversification is beneficial, especially for those with a strong home bias towards US investments [47] - Over 95% of international markets are small and mid-cap companies, unlike the US market with its large, dominant tech companies [49]

Well, Bitcoin has been on a tear in 2025, up nearly 15% and notching all-time highs. But comparatively, altcoins, they have lagged with the market vector digital asset 100 small cap index showing over $300 billion of market value wiped out. For more, I want to bring in Noel Aches, who is the author of crypto is macro now Substack.Great to have you here with us. So, first just just take us into your assessment of why altcoins are seeing this move while Bitcoin is notching new record highs over the course of ...

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Group 1 - The Pragmatic Investor focuses on global macro, international equities, commodities, tech, and cryptocurrencies, aiming to guide investors of all levels [1] - The platform offers features such as a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for investor engagement [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, emphasizing the creation of diversified portfolios to preserve and grow wealth [1]

Core Insights - Webuy Global Ltd. has integrated Coinbase Commerce into its platform, allowing customers to pay for travel packages and products using various cryptocurrencies, including stablecoin USDC, highlighting the company's commitment to digital innovation [1][2] - This integration aims to provide a borderless, instant, and cost-efficient payment experience for global customers, particularly benefiting travelers from crypto-active markets [2][3] - The acceptance of stablecoins is expected to enhance Webuy's travel brand WeTrip by reducing foreign exchange risks and streamlining cross-border transactions, thus strengthening the company's global positioning [3][4] Company Strategy - The integration of cryptocurrency payment options is part of Webuy's broader digital transformation strategy, which includes AI-driven itinerary planning and data-centric customer engagement [4] - Webuy aims to enhance its community e-commerce and travel services through predictive AI and personalized recommendations, targeting scalable growth in Southeast Asia [5]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].

Group 1 - The Pragmatic Investor focuses on global macro, international equities, commodities, tech, and cryptocurrencies, aiming to guide investors in their investment journey [1] - The platform offers features such as a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for investor engagement [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, emphasizing the creation of diversified portfolios to preserve and grow wealth [1]

Core Viewpoint - Coinbase stock has experienced significant growth, reaching a new 52-week high of $369, with a year-to-date increase of over +40% and a staggering +500% gain over the last three years [1] Group 1: Innovative Products & Market Expansion - The growth of stablecoins, particularly USDC, is expected to drive revenue for Coinbase, which earns 50% of its revenue from USDC [2] - Coinbase is expanding into mainstream financial services with a stablecoin-powered merchant payment system to compete with Visa and Mastercard, and is launching a crypto rewards credit card in partnership with American Express [3] - A new stablecoin-based platform integrated with Shopify aims to facilitate global e-commerce transactions using USDC, enhancing accessibility for merchants and customers [3] Group 2: Market Dynamics & Trading Volumes - The rebound in Bitcoin prices, which have increased +15% year-to-date and +70% over the last year to just over $107,000, has positively impacted Coinbase's trading volumes [4] - The price increase in Bitcoin is attributed to macroeconomic shifts leading to higher institutional inflows and favorable supply-demand dynamics following a post-halving event in 2024 [4] Group 3: Regulatory Developments & Analyst Sentiment - The passage of the GENIUS Act provides a regulatory framework for stablecoins, benefiting both Circle and Coinbase due to their revenue-sharing model [7] - Coinbase has become the first U.S.-based crypto exchange to receive a MiCA license under the EU's new regulatory framework, establishing a European hub in Luxembourg for international expansion [8] - Analysts have begun upgrading Coinbase stock, with a notable price target increase to $510 from Bernstein, driven by stablecoin revenue momentum and institutional adoption [9]

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...