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$1 Trillion Club ETF Gives Investors Exposure to Tech Giants—And Bitcoin

Defiance ETFs has launched a new ETF tracking the BITA Trillion Dollar Club Index, which includes major tech companies like Nvidia, Tesla, Apple, and Bitcoin through BlackRock's iShares Bitcoin Trust. This ETF, named TRIL, aims to provide investors with exposure to companies and assets with a market cap of $1 trillion or more, including giants like Microsoft, Alphabet, Amazon, and Meta Platforms. With a significant surge in the prices of major stocks and cryptocurrencies over the past two years, BlackRock's iShares Bitcoin Trust has become a leading choice for institutions looking to invest in Bitcoin, accumulating close to $88 billion in assets under management. As cryptocurrencies gain broader acceptance, new funds targeting digital assets continue to emerge, reflecting the growing interest in blockchain technologies. In conjunction with TRIL's debut, other ETFs targeting specific cryptocurrencies like XRP and Solana have also been introduced, emphasizing the rapid development within the crypto space and the push for more diverse investment options in this evolving market.

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SEC No-Action Letter Creates Opening for More Firms to Serve as Crypto Custodians

The U.S. Securities and Exchange Commission (SEC) has announced it will not take enforcement action against investment advisors and other entities using state-chartered trusts to hold digital assets. This new guidance could allow more firms, including those affiliated with major crypto companies, to act as custodians for cryptocurrencies. The

Ripple CTO David Schwartz to Step Back, Remain on Board as CTO Emeritus

David Schwartz, the Chief Technology Officer of Ripple, announced he will step back from his daily responsibilities at the end of the year after over 13 years at the company, transitioning to a CTO emeritus role. Despite stepping back, Schwartz will remain involved in the XRP community, focusing on developing

White House Withdraws Pro-Crypto Brian Quintenz's Name From CFTC Chair Nomination

The White House has officially withdrawn Brian Quintenz's nomination to chair the Commodity Futures Trading Commission (CFTC) following a month-long dispute regarding his suitability for the role. Former CFTC commissioner Quintenz, a proponent of the cryptocurrency industry, faced opposition from significant figures like Tyler and Cameron Winklevoss. Despite

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