Today, major cryptocurrencies rise amid news that crypto could soon be allowed in 401ks. Ripple moves deeper into the stable coin space. And Steven McCcler of Canary Capital provides his outlook on altcoin ETF applications.Welcome to CNBC's Crypto World. I'm Tana McKil. Crypto prices in the green once again this morning on excitement that Bitcoin and other digital assets could soon be coming to 401ks.We'll have more on that in just a bit. As of noon Eastern, Bitcoin climbed back above the $116,000 mark for ...

🇨🇳 China launching stablecoin🇺🇸 US allowing $9 trillion in 401(k)ssaving to buy Bitcoin and crypto.2 Fed Rate cuts in 2025ETFs buying billions worth BTC & ETHYou are seriously not bullish enough ...

Core Insights - The article discusses the performance and challenges faced by Penghua Fund in the public fund industry, highlighting its strong returns in both equity and fixed income sectors while also addressing its declining revenue and market share [4][10][12]. Group 1: Performance Highlights - Penghua Fund has achieved significant success in the active equity sector, with multiple products ranking at the top over various time frames, including a 96.93% return for Penghua Medical Technology Stock A over the past year [4][6]. - The fund's fixed income team has also delivered impressive results, with Penghua Yong'an Bond Fund showing a 3.76% return over the past year, ranking 206 out of 2757 funds [7]. - The overall market recovery and the fund's diversified product offerings have contributed to its strong performance, showcasing the expertise of its fund managers [8][10]. Group 2: Revenue and Market Challenges - Despite strong performance, Penghua Fund has faced declining revenues, with a reported revenue of 3.594 billion yuan in 2024, down 8.94% year-on-year, marking the third consecutive year of decline [10][11]. - The fund's management scale has only increased by 11.21% over two and a half years, lagging behind the industry average growth of 31.54% during the same period [11][12]. - The decline in the scale of equity and mixed funds managed by Penghua Fund has resulted in a significant drop in its market position, falling out of the top tier in the public fund industry [12][15]. Group 3: Strategic Shifts and Future Outlook - The article emphasizes the need for the fund industry to shift focus from scale-driven growth to long-term value creation and investor interests, as highlighted by the new floating fee rate fund initiative [18][19]. - Penghua Fund is adapting to these changes by emphasizing professional platform development and focusing on long-term investment strategies, as seen in the performance of its floating fee products [19][20]. - The growth of the ETF market presents an opportunity for Penghua Fund to enhance its competitive position, although it faces challenges with many of its ETF products being underfunded [23][24].

Spot Bitcoin ETF Flows - U S spot Bitcoin ETFs 8 月 6 日录得总净流入 9155 万美元，结束了此前连续四天的净流出 [1] Spot Ethereum ETF Flows - Spot Ethereum ETFs 录得总净流入 3512 万美元 [1] - Grayscale 的 Ethereum Mini Trust ETF (ETH) 出现净流出 [1]

Remember when we used to buy Ethereum and number would go up?Cointelegraph (@Cointelegraph):🚨 NEW: Standard Chartered says Ethereum treasury companies are better investments than US spot ETH ETFs as their NAV multiples started normalizing above 1. https://t.co/V6O1kIBoGT ...

RT Wendy O (@CryptoWendyO)SBI Holdings files for BTC–XRP ETF in Japan-SBI Holdings filed for a dual asset crypto ETF in Japan offering exposure to BTC and XRP-one of the first institutional-grade products to include XRP alongside BTC-SBI is a major investor in Ripple-They already partner with Ripple to promote blockchain and digital asset adoption, especially in the Asian marketSource: Coindesk ...

Market Analysis & Investment Thesis - Ethereum's potential is highlighted due to its perceived advantage of "NO DOWNTIME," a factor also considered important by Tom Lee [1] - The report references "INTO THE CRYPTOVERSE," a site focused on on-chain, macro, and strategic crypto analysis, offering a 10% discount with a specific code [1] - Discussion of potential investment strategies including "5% DEGEN PLAYS," "ALL CRYPTO EXITS," and strategies for 2024/2025 [1] - The document mentions "two rate cuts," suggesting an anticipation of monetary policy changes that could impact the crypto market [1] Risk Management & Security - Emphasis on avoiding scams and sourcing information carefully [1] - Caution against falling for A I scams [1] - Importance of diversifying crypto storage [1] - Recommendation of TANGEM COLD STORAGE WALLET for security, highlighting its EAL 6+ Secure Rating [1] - Advice to keep seeds and passwords safe, recommending STONEBOOK for water/tear/tamper resistance [1] Educational Resources & Tools - Promotion of a simplified crypto education website [1] - Recommends using a crypto tax software with a portfolio tracker, offering a 20% discount [1]

When XRP ETF? ...

JUST IN: 🇭🇰 Hong Kong’s Trivest Advisors reveals $90.4M new position in BlackRock’s Bitcoin ETF.This likely places them among IBIT’s top-10 holders globally. 🚀H/t @macroscope17 https://t.co/kBhuP4ejWA ...

One of my hottest takes for this cycle -We will see a CryptoPunks ETF or alternative kind of fractional reserve take offPeople want to bet on Punks action but entry cost is too highWhoever figures out how to best change the unit bias has a real opptyEffectively $PUNKS ...