This year, I published a wide range of research notes across the ETF landscape, but reader interest consistently focused around a few big themes: crypto ETFs, global defense ETFs, and commodities ETFs. These areas of the ETF market not only drew meaningful year-to-date inflows. ...

Market Overview - The year 2025 is characterized as a year of two halves, with significant volatility in the first half due to uncertainties around tariffs, followed by a market rebound as the impact of tariffs on earnings was less severe than anticipated [2][3] - As 2026 approaches, there is renewed uncertainty, this time related to economic factors and monetary policy, suggesting a potential repeat of the initial conditions seen in 2025 [3] Technology and AI Sector - There is an ongoing debate about whether the current AI market is in a bubble, with the consensus being that while a bubble exists, the situation is more complex than the dot-com era of 1999 [4][5] - Notably, there has been no margin expansion in AI-related companies this year, contrasting with the significant margin growth seen during the dot-com boom, making direct comparisons less valid [6][7] - The focus is shifting towards the monetization of AI, with infrastructure providers like data centers and chip makers expected to benefit, regardless of the monetization success of hyperscalers [7] Cryptocurrency Market - A recent 32% selloff in the cryptocurrency market is viewed as a typical occurrence, with historical patterns indicating that such sell-offs often represent entry points for investors [9][10] - Institutional adoption of cryptocurrencies is increasing, with major financial institutions like Bank of America and JP Morgan facilitating access to crypto ETFs, indicating a positive long-term trend for cryptocurrency adoption [11][12] - The favorable regulatory environment for cryptocurrencies is also seen as a long-term tailwind, reinforcing the notion that sell-offs are a normal feature of the asset class rather than a cause for concern [12][13] 2026 Economic Outlook - The initial outlook for 2026 suggests a defensive start, similar to 2025, but there is an expectation of transitioning to a more risk-on environment as the economy stabilizes and a new Federal Reserve chair is appointed [14][15]

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors dip 2-4% overnight; BTC at $91,300 Larry Fink says sovereign wealth funds are buying the BTC dip CFTC approves spot crypto trading in US, starting with Bitnomial Jack Maller’s Twenty One approved to list on NYSE, with $4B in BTC MetaMask integrates Polymarket ...

CMC Market Pulse: Santa Rally Loading…BTC +0.79%, ETH +5.13%! $3.21T market cap. Early week sell-off nukes $800M in longs, but bulls claw back momentum. HYPE unlock drama fades as restaking demand soars. Vanguard finally lists crypto ETFs.Let’s break down this week’s top crypto narratives 🧵1/6 ...

Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Many retirees and near-retirees might be curious about investing in crypto but unsure whether to take the plunge. Philip Martin, chief security officer for Coinbase Global, believes that individuals nearing or in retirement should consider investing in digital assets. "Just like any diversified portfolio, crypto can be a component of a retiree's or near-retiree's assets," Martin said in a ...

🔥BREAKING: Vanguard will allow crypto ETFs and mutual funds on its platform starting tomorrow. ...

JUST IN: $11 trillion Vanguard to allow clients to buy crypto ETFs starting tomorrow. ...

New $XRP ETFs launch strong, Europe rolls out 3x leveraged crypto ETFs, and $BTC bounces off $80K.Watch the recap with @OllieLeeech 👇 https://t.co/j8a2JuvgbB ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)🗞️ Trump Media to launch prediction markets on Truth Social with https://t.co/KthXZMKkHE.🗞️ Kalshi sues New York, arguing the CFTC has sole authority over its event-based contracts.🗞️ The NYSE listed four new spot crypto ETFs, including Solana and Litecoin funds.@JennSanasie hosts "CoinDesk Daily."Thank you to @Stablecoin 🫵 for being a sponsor of the CoinDesk Media Network. ...

Core Insights - Charles Schwab reported record third quarter profits of $2.36 billion, with revenue increasing by 27% to $6.14 billion, marking an all-time high for the company [1] - Total client assets rose by 17% year-over-year to a record $11.59 trillion [3] - The company experienced a significant increase in daily average trades, which were up 30% year-over-year [4] Client Engagement and Growth - Schwab added over one million new brokerage accounts for the fourth consecutive quarter, indicating strong client acquisition [4] - The company attributes its growth to delivering value to clients through a combination of digital services and personal support, including 7 million client calls in the last quarter [5][6] - A notable demographic shift is observed, with one-third of new households being Gen Zers under the age of 28, who seek engagement and guidance in their financial lives [10] Competitive Landscape - Schwab leads the retail trading market with 7.4 million daily average trades, significantly outpacing competitors like Robinhood and Morgan Stanley [7] - The company emphasizes its commitment to client service and the provision of a comprehensive trading experience, including live coaching and a robust trading platform [8][9] Market Trends and Client Behavior - Active traders are engaging in strategies such as buying dips and selling rips, while long-term investors are advised on diversification and market timing [13] - The concentration of the S&P 500 index is at a historical high, with the top 10 stocks comprising 38% of the index, prompting discussions on the importance of diversification [14] Investment Opportunities - Schwab is expanding its offerings to include crypto ETFs and private investments, responding to client interest in alternative assets [16][18] - The company reports a 90% increase in visits to its crypto site over the past year, indicating high engagement in this area [17] Credit and Economic Outlook - Schwab's banking operations are designed to lend only against client assets, mitigating credit risk, and the company has not experienced credit issues historically [20][21] - Current economic indicators suggest that there are no systemic credit issues, with low unemployment rates contributing to a stable outlook [22]