🧊Is Silver Hotter Than Bitcoin?

Plus, Blackrock wants to tokenize the S&P 500.

Happy Friday!

Bitcoin is underperforming physical gold, but now it has also started underperforming physical silver. What is going on?

BlackRock is charging on with its tokenization plans and wants to bring the entirety of the S&P 500 on-chain. How will that work?

Plus, if you are interested in learning how to capitalize on interest rate moves with leveraged and inverse ETFs, check out this free webinar from today’s sponsor

TOP STORY

Silver zoomed to its 14-year high on Thursday, spurring a similar rise in cryptocurrencies linked to the precious metal.

Spot silver was up 1.22% to $42.07 per ounce as of this writing, matching levels last touched in January 2011.

The gains trickled down to physical silver-backed coins, such as Kinesis Silver.

The latest spike pushed its year-to-date gains to over 33%, according to CoinMarketCap, higher than Bitcoin but slightly trailing Ethereum.

Where does BTC go from here compared to silver?

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are consolidating, but Solana is the standout performer of the day: here’s what’s driving the market today.

Dogecoin is up 20% over the past week and is getting ready for the first Dogecoin ETF launch: here’s what you need to know about that.

Upexi is building a Solana treasury and has already raked in nine figures in unrealized gains: here’s how much profit the company has made on its 2 million SOL.

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FINTECH FOCUS

BlackRock Inc., the world’s largest asset manager, is reportedly exploring ways to tokenize its exchange-traded funds, the latest in a broader Wall Street effort to bring real-world assets onto blockchains.

The move would be subject to regulatory approval, Bloomberg reported, citing sources familiar with the matter.

Put simply, this would mean that the fund shares, which are normally traded on stock exchanges during market hours, will be issued as tokens on the blockchain.

How exactly would this work?

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