Grayscale CEO Michael Sonnenshein is stepping down after more than a decade at the investment firm. He will be succeeded by Peter Mintzberg in August, who is...
Grayscale CEO Michael Sonnenshein is stepping down after more than a decade at the investment firm. He will be succeeded by Peter Mintzberg in August, who is the current Global Head of Strategy for Goldman Sachs' Asset and Wealth Management division.
Ceo Michael Sonnenschein is stepping down after more than a decade at the firm, he'll be replaced in August by Peter Mintzberg, who currently serves as the global head of strategy for Goldman Sachs Asset and Wealth Management division.And there will be an interim actually, Michael Sonenshein stepping down immediately, there'll be an interim person in that place until August.For years, gray scales, Bitcoin Trust was one of the few ways to play crypto without buying tokens directly and grayout was one of the first firms to launch a spot.Um You know, I don't want to gloss over Michael Sonenshein leaving the firm because he presided over some really bell weather events. His regulatory strategy was to to the SEC after they denied the conversion of that G BT C into a spot, Bitcoin ETF because it was a closed end fund and it, the price had become detached from Bitcoin fundamentals.And these are the flows.And that's, that directly eats into their fees. But it's precisely because they have higher fees than the rest of the market that a lot of that exodus has occurred.And if you were to compare the total assets, that would be 18.5 for Blackrock, that's 18 and billion in their IBID fund versus 19.5 for Gray scale.There was this thought that Boomers were going to load up their 401k s with Bitcoin ETF that has not materialized. And so I think what we've seen now in the price of Bitcoin is the slow realization that the spot Bitcoin ETF.It wasn't enough to carry it through and continue that slate of that slate of record highs.But if you look at the five year chart, these were not that much higher than the highs we saw before. So Bitcoin may be just putting in this pattern of slightly higher highs without that huge surge that people had hoped for. Um, we'll continue to watch G BT C to see if there's any changes to their fees and therefore a reversal. -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksAre you looking for stocks that could see a bull run for decades ahead? Here are two top TSX stocks that should continue to soar! The post Bull Market Buys: 2 TSX Stocks to Own for the Long Run appeared first on The Motley Fool Canada. Michael Burry and John Paulson hit the jackpot when they called the housing crash. Now they're betting on gold. Michael Burry bought about $8 million worth of a trust that owns physical gold bullion. John Paulson has been betting big on gold for years.Are you looking for some great TSX stocks to buy in 2024? The market is full of options, but these two scream "long-term opportunity" right now. The post 2 TSX Stocks to Buy in 2024 and Hold for the Next 10 Years appeared first on The Motley Fool Canada.Are you wondering what TSX energy stocks could pay and grow their dividends for decades ahead? Here are two for long-term passive income! The post Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.Achieving seven-figure TFSA wealth is doable with two large-cap, high-yield dividend stocks. The post Million-Dollar TFSA: 1 Way to Achieve to 7-Figure Wealth appeared first on The Motley Fool Canada.Is TD Bank stock a buy after its money-laundering regulatory problems? The post TD Bank in Hot Water: An ‘Exceptional’ Opportunity appeared first on The Motley Fool Canada.As the Canadian market continues to benefit from moderating inflation trends and a robust economic backdrop, investors are increasingly looking towards stable income-generating options. In this context, dividend stocks emerge as particularly appealing investments, offering potential for steady returns amid fluctuating market conditions.OTTAWA — Forecasters expect this week's inflation report to show Canada's inflation rate fell last month, but financial markets are still unsure whether a June interest rate cut is in the cards for the Bank of Canada. Statistics Canada is set to release its April consumer price index report Tuesday. The new inflation data will be consequential for the Bank of Canada as it gears up for its June 5 interest rate decision. BMO chief economist Douglas Porter says he expects the annual inflation rate This DC woman moved from US to Belgium with her family — here's why she says it's worth the higher taxesHow Much Will Manulife Financial Pay in Dividends This Year? Manulife stock's dividend should be safe and the stock appears to be fairly valued. The post How Much Will Manulife Financial Pay in Dividends This Year? appeared first on The Motley Fool Canada.STOCK ALERT U.S. stocks are poised to open higher on Monday, ahead of the release of the Federal Reserve’s May meeting minutes, more retail earnings, and fresh housing data. On Sunday, at 6:15 p.m. Eastern time, Dow Jones Industrial Average futures were up 36 points, or 0.Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios -- Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeSaudi Crown Prince Postpones Japan Trip Over King’s HealthOne of the Last Big Bears on Wall Street Turns Bullish on US StocksEbrahim Raisi, Iranian President Confronting West, Dies at 63In Germany, thTORONTO — Five things to watch for in the Canadian business world in the coming week: Inflation Statistics Canada will release its consumer price index for April on Tuesday. The reading comes after the annual inflation rate ticked up to 2.9 per cent in March compared with 2.8 per cent in February. The April reading on how fast the cost of living is rising will be closely watched by the Bank of Canada ahead of its interest rate decision on June 5. Suncor presentation Suncor Energy Inc. will holdGold Trims Gains as Traders Book Profit After Fresh Record -- Gold trimmed gains as traders booked profits after prices surged to a record on increasing optimism over the Federal Reserve’s monetary policy and rising geopolitical tensions in the Middle East.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big BeaBitcoin and other cryptocurrencies were falling Monday, with the crypto sector’s momentum still highly dependent on flows into exchange-traded funds. The largest cryptocurrency hit a record high near $74,000 in mid-March amid a surge of interest from new spot Bitcoin exchange-traded funds but its price has dropped since then.Yukon Cornelius, the self-proclaimed greatest prospector from the north in the TV movie Rudolph the Red-Nosed Reindeer, would be thrilled to learn that this year’s bull run in gold shows no signs of slowing down. Other precious metals such as silver stand to gain too, for many of the same reasons. Gold tends to do well during times of dollar weakness.
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