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Crypto agnostic Jamie Dimon reiterates his cynicism towards the nascent investment class, warning investors to "stay away from it." However, the JP Morgan
NEWPORT BEACH, Calif., and SAN FRANCISCO, May 25, 2021 /PRNewswire/
Digital Asset Investment Management (DAiM), a Registered Investment Advisor focused on Bitcoin and Digital Assets, is partnering with fintech software platform
Blockchange Inc. to expand its Separately Managed Account (SMA) solution for digital assets. The DAiM SMA dramatically simplifies the path for financial advisors to offer digital assets to clients, combining the simplicity of a trust or fund with the flexibility, tax advantages, and lower cost of owning the underlying digital assets.
DAiM manages the SMA, leveraging Blockchange s
Gemini Trust Co. The institutional-grade solution enables RIAs, Family Offices, Hedge Funds, and other institutions to outsource the management of their client s digital portfolios to DAiM, who have experience and expertise in the asset-class.
(May 13): Cyptocurrency enthusiasts got a nasty shock Wednesday when Elon Musk, founder of Tesla Inc. and the second-richest person on the planet, announced on Twitter that his automaker wouldn’t accept payment in Bitcoin any more due to environmental concerns.
After all, this is the same man who just a few months earlier said Tesla bought into Bitcoin, to the tune of $1.5 billion. He tweeted “True” in response to a thread citing research that mining the token might actually spur the uptake of renewable energy, from Ark Investment Management LLC. Bitcoin mining is known to be energy-intensive, with the industry prizing cheap and plentiful power supplies.