Search results for SPDR S
Crypto
Bernstein sees bitcoin at $300,000 by 2029 on weak dollar, ETF tailwinds
Global investment bank Bernstein kept its forecast that bitcoin could reach $300,000 by 2029, citing concerns over a weaker dollar. It said a “debasement trade” could push investors toward scarce assets such as gold and cryptocurrencies as long-term disinflation ends and U.S. debt hits $40 trillion. Bernstein also pointed to larger U.S. Treasury bond buybacks, stronger ETF activity and geopolitical developments supporting bitcoin’s narrative.
Crypto
DTCC begins live securities tokenisation trading with 40 firms including JPMorgan
U.S. securities settlement group DTCC has started operating a securities tokenisation service in live markets, covering assets including Microsoft shares and U.S. Treasuries. DTCC plans a July pilot limited to about 1,000 instruments before expanding to full availability around October. The service, developed by its depository DTC, lets participants use tokenised assets for collateral transfers, repo transactions and stock trades, with settlement on either Hyperledger Besu or the Canton Network.
Crypto
Kraken supports leveraged trading using tokenised stocks, ETFs as collateral
Kraken has begun accepting certain tokenised stocks and exchange-traded funds as collateral for futures and margin trading. Eligible users outside the United States can open leveraged positions without selling their holdings. The initial list covers 10 tokenised stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and Invesco QQQ Trust. Haircuts and collateral limits vary by asset and may be reviewed and adjusted.
