As this ‘Be-coin’ stuff did a bit of a plummet on the charts, Schiff, never one to miss an opportunity to remind everyone he fancies gold, doubled down on his shiny-metal-first position. He reckoned that if the government had flogged off its Bitcoin and bought gold instead, the nation would be sitting pretty, probably sipping tea and laughing at everyone else. â
So they say, amidst the glittering chaos of finance, crypto assets are nothing more than a speck on the radar. At a dazzling market capitalization of $2.45 trillionâyes, that number is accurate, and no, it doesnât quite scream âmajor playerââthese assets represent a mere 1% of global financial assets. đđ¸
In the latest extravaganza of the cryptocurrency circus, our beloved Dogecoin took a ride down the rollercoaster of doom, plummeting to a wobbly low of $0.13! Oh dear, that was the lowest it had been since October 2024âpractically a record for falling flat on its furry face! But hold the phone! In a quick act of theatre, the meme coin managed a laughable little bounce and struts about at about $0.14 (according to CoinGecko’s fanciful numbers), which is a fabulous 16% dip in a week â sounds like a horror flick, doesnât it?
On the 9th day of April, in the year of our Lord 2023, they filed a Form S-1 registration statement, laying out their grand plans for the 21Shares Dogecoin ETF. This fund, bless its heart, aims to track the price of Dogecoin (DOGE) using the CF DOGE-Dollar US Settlement Price Index as its guiding star, with Coinbase Custody as the trusty custodian. Who knew a dog could have such a fancy bank? đ°
According to some rather dry filings published on April 9, the SEC has approved options tied to several spot Ethereum (ETH) ETFs. This includes the likes of BlackRockâs iShares Ethereum Trust, Bitwise Ethereum ETF, Grayscaleâs Ethereum Trust, and the Ethereum Mini Trustâbecause who doesnât want their crypto in miniature form? đ§