Bitcoin News
By Evie Vavasseur
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What Happened. Thirty-four million dollars. That's what Edelman Financial Engines has invested in Bitcoin ETFs —…
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Historical Context. This doesn't happen in a vacuum. In 2020, MicroStrategy made the first major institutional leap by…
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Why It Matters. For Tudor, the angle is different. Paul Tudor Jones is known for his obsession with inflation…
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What to Watch. Three things deserve attention in the coming months.
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Thirty-four million dollars. That's what Edelman Financial Engines has invested in Bitcoin ETFs — a sum that even surpasses the $25 million placed in Amazon.
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And Tudor Investment Corporation is not lagging behind. The firm of Paul Tudor Jones — the trader who predicted the 1987 crash — declared 688,529 shares of BlackRock's IBIT,…
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This doesn't happen in a vacuum. In 2020, MicroStrategy made the first major institutional leap by putting Bitcoin in its treasury reserves. Many laughed.
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The real turning point, probably, is January 2024. The SEC approved spot Bitcoin ETFs in the United States.
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Ric Edelman, founder of Edelman Financial Engines, saw this coming well before everyone else. As early as 2019, he advocated for Bitcoin ETFs.
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This is where it gets interesting for the rest of the market.
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Related Reading: Bitcoin Drops to $62,852 as Fidelity ETF Outflows Reach $131M in Two Days
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When Edelman Financial — a firm that manages billions for ordinary American households, not aggressive hedge funds — puts $34 million into Bitcoin ETFs, it says something about…
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See also: Gen Z Traders on Binance Pick ETFs Over Stocks, Shun Leverage at 88%
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Likely winners in all this: asset managers who adapt early, who understand these products, who can explain them to their clients without panic.
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It's not yet clear how many other firms the size of Edelman or Tudor will make similar announcements in the coming quarters. But the momentum is there.
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