Grayscale has announced the launch of a new exchange-traded fund (ETF) to track the performance of companies with sizable Bitcoin (BTC) holdings. While not the first-of-its-kind, the Grayscale Bitcoin Adopters ETF will attract a new demographic of investors to Bitcoin-related products.
Grayscale Rolls Out Bitcoin Adopters ETF For Investors
According to a press release, Grayscale has unveiled an ETF designed to provide investors with exposure to public companies with Bitcoin on their balance sheets. Dubbed the Grayscale Bitcoin Adopters ETF (BCOR), the fund will track the performance of companies that have adopted BTC as a treasury reserve asset.
Per the statement, the newly minted ETF will invest in entities that make up the Indxx Bitcoin Adopters Index. A close look at the proprietary index reveals a focus on publicly traded companies with a market capitalization surpassing $100 million.
However, Grayscale pegs the minimum Bitcoin to be held by the companies at 100 BTC. Upon launch, the ETF is tracking over 33 companies cutting across 15 industries, providing a novel way for investors to get exposure to BTC.
“As more companies integrate Bitcoin into their balance sheets, BCOR provides a forward-looking strategy to capture this momentum through traditional equity markets,” said Grayscale Global Head of ETFs David LaValle.
In March, Bitwise launched the OWNB ETF to track institutions with substantial BTC holdings, earning a first-mover position. Grayscale will jostle with Bitwise for market share as the firm eyes expanding its range of ETF products. The firm is bidding its time after the SEC delayed its proposal to enable staking on its Ethereum spot ETF.
A Growing Number Of Firms Are Adopting The Bitcoin Standard
Several publicly traded companies are turning their gaze to Bitcoin, adding the largest cryptocurrency to their balance sheet. Led by MicroStrategy and Marathon Digital, publicly traded companies hold nearly 600,000 BTC cumulatively.
MicroStrategy recently acquired 15,335 BTC for $1.42 billion, bringing its holdings to 553,555 BTC, matching the holdings of Grayscale and BlackRock.
While the trend shows no indications of ending, 21 Capital is set to mirror MicroStrategy with a sizable Bitcoin purchase. 21 Capital has raised significant capital from SoftBank and Tether, potentially snapping up 42 BTC upon its formal launch.
The renewed institutional interest from Grayscale and other heavyweights in Bitcoin comes amid a price resurgence for the top crypto. Bitcoin is trading at $95,000 and is targeting a price rally to $100K on the back of several positive fundamentals.
The post Grayscale Launches Bitcoin Adopters ETF (BCOR): Report appeared first on CoinGape.
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Jamaica’s government said it will deposit 2500 Jamaican dollars ($16) to the first 100,000 citizens to use the country’s new digital currency wallets, in a bid to boost the use of its recently unveiled central bank digital currency (CBDC), Jamaica Digital Exchange, or JAM-DEX.
The move, announced in a press release, comes shortly after the country unveiled JAM-DEX in late-February, following a nationwide contest to design the name, logo and tagline of the proposed CBDC. JAM-DEX is now set to roll out beginning from April to June.
Jamaican Finance Minister Nigel Clarke said anybody with an existing bank account can automatically obtain a JAM-DEX wallet. The government will also outline more incentives to use the new CBDC.
The more corner shops, vendors, and bars that accept JAM-DEX, is the more useful it becomes and the more widespread its use. We will incentivize corner shops and informal and formal community businesses to establish… electronic wallets and to facilitate payments in JAM-DEX.
-Clarke
But Clarke added that a key point of focus will be to pass legislation that recognizes the token as legal tender, and for the Bank of Jamaica to be its sole issuer.
CBDCs a growing trend
Operating on blockchain technology, CBDCs have become an intersection between sovereign finance and cryptocurrencies. Many governments have noted the usefulness of a digital currency in facilitating intra and inter-border transactions.
China was among the world’s first major economies to use a CBDC with the rollout of its digital yuan during the winter Olympics this year. U.S. President Joe Biden signed an executive order this week that will see the government begin work on developing a digital dollar.
India also recently said it was looking into the development of a CBDC.
Jamaica’s economic transformation
Jamaica’s foray into digital finance marks the result of an over 10-year economic transformation. From a massive GDP deficit in 2009, the country achieved a GDP surplus in 2019. While the COVID-19 pandemic had impacted the country’s main source of revenue, tourism, it is expected to benefit from a sharp recovery in the sector this year.
Ratings agency Fitch recently said its outlook for Jamaica’s economy is stable.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
The Acardex Defi platform has begun token sales to develop the world’s largest decentralized exchange and cross-chain NFT marketplace on the Cardano Blockchain. The Acardex platform enables users to transfer native tokens and NFTs from other Blockchains to the Cardano Blockchain efficiently and seamlessly.
Acardex functionalities
When users join liquidity pools, Acardex allows them to become a liquidity provider on the Cardano Blockchain using the AMM protocol and generate passive revenue by collecting fees on “ADA — Cardano Native Tokens pairs.” Acardex’s development team is also developing a native assets lending protocol, which will allow users to obtain loans and pool assets for usage in various DeFi applications. The native token for the Acardex network will be $ACX, with a total quantity of 1,000,000,000 ACX.
$ACX Token Use Cases
Examples of Acardex use cases include, but are not limited to:
- ADA may be exchanged for other Cardano Native Tokens.
- Ability to vote and participate in the platform’s governance
- Swap and slippage charges, for example, can be paid.
- Participation in Acardex’s NFT decentralized marketplace, which is open and accessible to all. (Will be launched in Q3 this year.)
- Early adopters of the Acardex token will have exclusive access to NFT Drops, be able to list their NFTs, establish a price, and sell their assets on its marketplace.
ACX Token Seed-Sale Details
1 ACX = 0.00125 ADA
1 ADA = 800 ACX
Minimum Buy: 300 ADA
Maximum Buy: 30,000
Users should only utilize Cardano native wallets like Yoroi Wallet, Daedalus Wallet, Nami Wallet, or Adalite Wallet to participate in the ongoing $ACX Seed-Sale. A complete guideline on participating in the ACX Seed-Sale will be made available. Users should keep in mind that they may only engage in the Seed-Sale via the website: https://acardex.io/seed-sale.html.
$URGO Token Seed Sale is live now
—
GOmetalaunch Utility token, $URGO Token Seed Sale is live now, with 38% of allocated tokens for seed sales already sold in a space of 8 days, with 20 days remaining for seed sale early adopters and $URGO holders are feeling euphoric about the endless possibilities and utility of the platform. Join seed sales at https://urgo.gometalaunch.io
GOmetalaunch is the Pioneer Metaverse IDO Launchpad on the Cardano Blockchain, the First of its kind on Cardano, fully dedicated to Launching Cardano Metaverse projects and Play to Earn NFT Projects on the Cardano Blockchain and across other blockchain’s like Binance and Ethereum.
The Vision For The Future
The Gometalaunch team believes that metaverse is the future of the internet and human inter-actions, as recently seen with the three biggest companies in the world (Facebook, Microsoft and Apple) investing in the Metaverse and therefore, aims to bring people closer to the new trending world.
As a $URGO token holder and community member, GOmetalaunch will offer the opportunity to become the first and earliest pioneers of the future through access to the earliest Metaverse projects that will form building blocks of The Metaverse.
$URGO Token Features:
1. Staking: You can stake the $URGO tokens or delegate them to a staking pool to earn rewards
2. Trading: When listed on an exchange you can Trade $URGO against USDT and ADA
3. Store of Value: You can swap your $URGO Tokens for ADA or USDT
4. Governance: $URGO tokens will be your gateway into the Governance and decision-making process of the GOmetalaunch Ecosystem, the higher the number of Tokens you have, the higher and stronger the weight of your decision in the ecosystem governance
5. Access to the Metaverse: As a $URGO token holder, you will have exclusive access to the best Metaverse and Hottest Metaverse projects and features
6. Access to Non-Fungible Digital Assets (NFT’s): As a $URGO Token Holder, you will be eligible to access special NFT skins and collectibles in the Metaverse.
Join the Seed Sale Through https://urgo.gometalaunch.io
How To Buy $URGO Tokens
Step 1: Purchase ADA from any cryptocurrency exchange company for example Coinbase or Binance and send them to your Cardano wallet
Step 2: Visit the $URGO Token Sale Page and send your ADA to the provided wallet address.
Step 3: $URGO tokens will be airdropped to the wallet address used in participating in the Sales
Note:
* Ensure to send ADA from only Cardano wallets like Yoroi, Daedalus, or Adalite not from an exchange wallet.
* $URGO Tokens will be airdropped to your wallet within 24hours of sending ADA, we solicit your patience.
* You must reach the Minimum ADA required for each sale round to be eligible to get $URGO Token
About GOmetalaunch
GOmetalaunch is the first Cross Chain Metaverse IDO Launchpad being built on the Cardano Blockchain. Metalaunch will act as the gateway to the metaverse, offering GO Community members and Token Holders the opportunity to become the earliest and pioneer adopters of the Metaverse through exclusive Metaverse Project launches that will form the building blocks of the future of the Metaverse.
$URGO Token Seed Sale Details
Seed Sale Allocation: 200,000,000 $URGO Tokens
Seed Sale Price: 1 ADA = 526 $URGO Tokens
Sales Page: https://urgo.gometalaunch.io
Minimum Buy Amount: 200 ADA per purchase
Maximum Buy Amount: 20,000 ADA per Purchase
NOTE: Minimum amount is fixed, users MUST not send below that.
Twitter: https://twitter.com/GOmetalaunch
Telegram Group: https://t.me/GOmetalaunch
Telegram Channel: https://t.me/GOmetalaunchNewsletters
Medium: https://medium.com/@gometalaunch
Contact Info:
Name: Gometa
Email: Send Email
Organization: GOmetalaunch
Website: https://GOmetalaunch.io
Release ID: 89063304
COMTEX_402019903/2773/2022-02-08T21:30:57
$URGO Token Seed Sale is live now.
—
GOmetalaunch Utility token, $URGO Token Seed Sale is live now, with 30% of the 200,000,000 allocated tokens for seed sales already sold in a space of 6 days. Users can participate through https://urgo.gometalaunch.io
GOmetalaunch is the Pioneer Metaverse IDO Launchpad on the Cardano Blockchain, the First of its kind on the Cardano, fully dedicated to Launching Cardano Metaverse projects and Play to Earn NFT Projects on the Cardano Blockchain and across other blockchain’s like Binance and Ethereum.
The Vision For The Future
The Gometalaunch team believes that metaverse is the future of the internet and human inter-actions, as recently seen with the three biggest companies in the world (Facebook, Microsoft and Apple) investing in the Metaverse and therefore, aims to bring people closer to the new trending world.
As a $URGO token holder and community member, GOmetalaunch will offer the opportunity to become the first and earliest pioneers of the future through access to the earliest Metaverse projects that will form building blocks of The Metaverse.
$URGO Token Features:
1. Staking: You can stake the $URGO tokens or delegate them to a staking pool to earn rewards
2. Trading: When listed on an exchange you can Trade $URGO against USDT and ADA
3. Store of Value: You can swap your $URGO Tokens for ADA or USDT
4. Governance: $URGO tokens will be your gateway into the Governance and decision making process of the GOmetalaunch Ecosystem, the higher the number of Tokens you have, the higher and stronger the weight of your decision in the ecosystem governance
5. Access to the Metaverse: As a $URGO token holder, you will have exclusive access to the best Metaverse and Hottest Metaverse projects and features
6. Access to Non-Fungible Digital Assets (NFT’s): As a $URGO Token Holder, you will be eligible to access special NFT skins and collectibles in the Metaverse.
How To Buy $URGO Tokens
Step 1: Purchase ADA from any cryptocurrency exchange company for example Coinbase or Binance and send them to your Cardano wallet
Step 2: Visit the $URGO Token Sale Page and send your ADA to the provided wallet address.
Step 3: $URGO tokens will be airdropped to the wallet address used in participating in the Sales
Note:
* Ensure to send ADA from only Cardano wallets like Yoroi, Daedalus, or Adalite not from an exchange wallet.
* $URGO Tokens will be airdropped to your wallet within 24hours of sending ADA, we solicit your patience.
* You must reach the Minimum ADA required for each sale round to be eligible to get $URGO Token
About GOmetalaunch
GOmetalaunch is the first Cross Chain Metaverse IDO Launchpad being built on the Cardano Blockchain. Metalaunch will act as the gateway to the metaverse, offering GO Community members and Token Holders the opportunity to become the earliest and pioneer adopters of the Metaverse through exclusive Metaverse Project launches that will form the building blocks of the future of the Metaverse.
$URGO Token Seed Sale Details
Seed Sale Allocation: 200,000,000 $URGO Tokens
Seed Sale Price: 1 ADA = 526 $URGO Tokens
Sales Page: https://urgo.gometalaunch.io
Minimum Buy Amount: 200 ADA per purchase
Maximum Buy Amount: 20,000 ADA per Purchase
NOTE: Minimum amount is fixed, users MUST not send below that.
Twitter: https://twitter.com/GOmetalaunch
Telegram Group: https://t.me/GOmetalaunch
Telegram Channel: https://t.me/GOmetalaunchNewsletters
Medium: https://medium.com/@gometalaunch
Contact Info:
Name: Gometa
Email: Send Email
Organization: GOmetalaunch
Website: https://GOmetalaunch.io
Release ID: 89062880
New York, NY, Feb. 02, 2022 (GLOBE NEWSWIRE) — GOmetalaunch Utility token, $URGO Token Seed Sale is live now.
GOmetalaunch is the Pioneer Metaverse IDO Launchpad on the Cardano Blockchain, the First of its kind on the Cardano, fully dedicated to Launching Cardano Metaverse projects and Play to Earn NFT Projects on the Cardano Blockchain and across other blockchain’s like Binance and Ethereum.
The Vision For The Future
The Gometalaunch team believes that metaverse is the future of the internet and human interactions, as recently seen with the three biggest companies in the world (Facebook, Microsoft and Apple) investing in the Metaverse and therefore, aims to bring people closer to the new trending world.
As a $URGO token holder and community member, GOmetalaunch will offers the opportunity to become the first and earliest pioneers of the future through access to the earliest Metaverse projects that will form building blocks of The Metaverse.
$URGO Token Features:
1. Staking: You can stake the $URGO tokens or delegate them to a staking pool to earn rewards
2. Trading: When listed on an exchange you can Trade $URGO against USDT and ADA
3. Store of Value: You can swap your $URGO Tokens for ADA or USDT
4. Governance: $URGO tokens will be your gateway into the Governance and decision Making process of the GOmetalaunch Ecosystem, the higher the number of Tokens you have, the higher and stronger the weight of your decision in the ecosystem governance
5. Access to the Metaverse: As a $URGO token holder, you will have exclusive access to the best Metaverse and Hottest Metaverse projects and features
6. Access to Non Fungible Digital Assets (NFT’s): As a $URGO Token Holder, you will be eligible to access special NFT skins and collectibles in the Metaverse.
Join the Seed Sale Through https://urgo.gometalaunch.io
How To Buy $URGO Tokens
Step 1: Purchase ADA from any cryptocurrency exchange company for example Coinbase or Binance and send them to your Cardano wallet
Step 2: Visit the $URGO Token Sale Page and send your ADA to the provided wallet Address.
Step 3: $URGO tokens will be air dropped to the wallet address used in participating in the Sales
Note:
* Ensure to send ADA from only Cardano wallets like Yoroi, Daedalus, or Adalite not from an exchange wallet.
* $URGO Tokens will be air dropped to your wallet within 24hours of sending ADA, we solicit your patience.
* You must reach the Minimum ADA required for each sale round to be eligible to get $URGO Token
About GOmetalaunch
GOmetalaunch is the first Cross Chain Metaverse IDO Launchpad being built on the Cardano Blockchain. Metalaunch will act as the gateway to the metaverse, offering GO Community members and Token Holders the opportunity to become the earliest and pioneer adopters of the Metaverse through exclusive Metaverse Project launches that will form the building blocks of the future of the Metaverse.
$URGO Token Seed Sale Details
Seed Sale Allocation: 200,000,000 $URGO Tokens
Seed Sale Price: 1 ADA = 526 $URGO Tokens
Sales Page: https://urgo.gometalaunch.io
Minimum Buy Amount: 200 ADA per purchase
Maximum Buy Amount: 20,000 ADA per Purchase
NOTE: Minimum amount is fixed, users MUST not send below that.
Twitter: https://twitter.com/GOmetalaunch
Telegram Group: https://t.me/GOmetalaunch
Telegram Channel: https://t.me/GOmetalaunchNewsletters
Medium: https://medium.com/@gometalaunch
CONTACT: Media Details Company Name: GOmetalaunch Email: hello -at- GOmetalaunch.io Website: https://GOmetalaunch.io
