Latest news with #MattCole
Yahoo
3 hours ago
- Business
- Yahoo
NYSE Texas Lists First ETFs With Strive Asset Management
649E92 Five months after its launch, NYSE Texas is debuting its first exchange-traded funds. On Thursday, the NYSE named the 13 funds that will be listed on the Dallas-headquartered exchange and dual-listed by Strive Asset Management. The funds will also continue to trade on the NYSE. 'We are delighted to welcome Strive as the first ETF issuer to dual-list on NYSE Texas,' Timothy Reilly, head of exchange-traded solutions at the NYSE Group, said via a press release. 'ETF listings on NYSE Texas will further support the capital market community emanating from the state of Texas.' The 13 Dual-Listed Funds The funds that are coming to NYSE Texas are: Strive International Developed Markets ETF (STXI) Strive Mid-Cap ETF (STXM) Strive U.S. Energy ETF (DRLL) Strive Natural Resources and Security ETF (FTWO) Strive U.S. Semiconductor ETF (SHOC) Strive 500 ETF (STRV) Strive 1000 Dividend Growth ETF (STXD) Strive Emerging Markets Ex-China ETF (STXE) Strive 1000 Growth ETF (STXG) Strive Small-Cap ETF (STXK) Strive 1000 Value ETF (STXV) Strive Enhanced Income Short Maturity ETF (BUXX) Strive Total Return Bond ETF (STXT) The Growing ETF Market in Texas In February, the NYSE announced its plans to relocate its Chicago operations to Dallas as the Lone Star State emerged as the state with the largest number of NYSE listings (more than $3.7 trillion in market value, according to the exchange's announcement at the time). Separately, the Texas stock exchange is planning to launch in early 2026 as more financial firms establish new operations on so-called 'Y'all Street.' The moves south mean that investors are getting more ways to invest in the booming financial hub, including BlackRock's iShares Texas Equity ETF (TEXN) which launched in June and has $12.32 million assets under management (AUM). 'At Strive, we believe capital markets thrive when they prioritize innovation, meritocracy, and maximizing shareholder value,' Matt Cole, CEO at Strive said via Thursday's news release. 'That's what's happening with NYSE Texas, and we're proud to be the first ETF issuer listed on the exchange.' Strive didn't immediately respond to request for comment, and the NYSE pointed the news outlet back to Reilly's comment from the press | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Bitcoin Rises Past $107K as FHFA's Pulte Orders Crypto Consideration in Mortgage Applications
Bitcoin BTC continued its gentle rise on Wednesday as Fannie Mae and Freddie Mac — which play a pivotal role in issuing mortgages to U.S. homeowners — were ordered by the William Pulte, Director of the Federal Housing Finance Agency (FHFA), to prepare to accept cryptocurrencies as part of applicants' assets. Back above $107,000, the top cryptocurrency is up 2.2% in the last 24 hours, and outperforming the CoinDesk 20's 0.5% advance. Bitcoin Cash (BCH) was a notable outperformer, rising 7.4%. Alongside, BTC's dominance keeps going up, now with almost 66% of the total crypto market value now parked in the orange coin, up from 39% in November 2023. Today's move may be partially due to FHFA Director William Pulte sharing on social media that borrowers would soon be able to take advantage of their crypto holdings for loan purposes. "This is important on two levels," Strive CEO Matt Cole posted on X. "[It] makes it substantially easier for holders of bitcoin to purchase a house without selling their bitcoin. [And] the U.S. government is taking Bitcoin risk on its own book as the U.S. government implicitly guarantees Fannie/Freddie mortgage loans." The ceasefire secured by Trump between Israel and Iran may also be pushing bitcoin's price higher, despite the asset's reputation as a potential safe haven investment. 'Gold likes war, while bitcoin prefers peace,' said Charlie Morris, founder of financial services firm ByteTree. 'Gold peaked ahead of hostilities in the Middle East, while bitcoin sank. Once it seemed likely that military actions were contained, bitcoin rallied, and gold dropped back.' Crypto stocks, meanwhile, have remained relatively subdued, with the notable exceptions of bitcoin miner CleanSpark (CLSK), up 6.7%, while fellow miner CoreWeave (CORZ), slid the same amount. There was also Circle (CRCL), which declined another 11% today and is now down by about 33% since peaking Monday just shy of $300 per share. At the current $198.62, the stock is still up more than six-fold from its IPO price of $31.
Daily Record
12-06-2025
- General
- Daily Record
Call for RTS meter switch-off to be delayed to protect Scots living in rural communities
Scots are being urged to double check their energy meters ahead of the June 30 deadline. Scots living in rural communities could be left without hot water or heating when ageing energy meters are switched off at the end of the month, campaigners have warned. Households still reliant on Radio Teleswitch Service (RTS) meters are being urged to make an appointment with their energy provider as soon as possible to arrange for a replacement. The system dates back to the 1980s and uses a radio signal to tell meters to switch between different electricity price rates. Most households across Scotland, including those with older meters, will be unaffected by the change over this month. But homes that use electric storage heaters or pay different electricity rates at different times of the day are more likely to have RTS equipment fitted. From June 30, the radio signal that controls them will start to be switched off - with a risk customers could be left without heating and hot water. The Scottish Fuel Poverty Advisory Panel is now calling for a delay in the switch-off to ensure more households are prepared. "The switch-off should only happen once all critical RTS meters have been replaced, this removes the risk for households across Scotland, but particularly in many remote rural and island communities," said Matt Cole, the panel's chairman. "We recognise the RTS service uses old technology and its time is limited, but the priority must be to accelerate replacement of old RTS meters with newer smart meters before the radio wave service is switched off. "Some of the most vulnerable households in acute fuel poverty live in remote rural areas where RTS meters are common and we cannot risk disrupting their energy supply." Charlotte Friel, retail pricing director at Ofgem, said: "We have been continually monitoring the industry's efforts to replace RTS meters as this ageing infrastructure reaches the end of its life. "Last year we decided more needed to be done so convened the sector and made clear to suppliers they have to move faster. Following that intervention, the rate of meter replacements has increase from around 1,000 a month to more than 1,000 a day. "However suppliers need to do more and ensure customers are protected from detriment, which is why industry is putting in place a phased area-by-area shutdown beginning from June 30. "We have made clear that the signal serving a specific area should not be switched off until suppliers have demonstrated that they are ready and able to respond quickly to any issues customers experience. 'While this carefully managed phaseout should reassure customers that they will be protected, it remains crucial that these meters are replaced so I would urge customers to engage with their supplier when offered an appointment – even if it is after the June 30 date that marks the beginning of the process."
Yahoo
08-06-2025
- Business
- Yahoo
What It Will Take For A Bitcoin Treasury Company To Become 'The Berkshire Hathaway Of Bitcoin'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitwise strategist Jeff Park has weighed in on what it would take for a company to become 'the Berkshire Hathaway of Bitcoin.' Park has said financial leadership alone would not be enough for any firm to become the ideal Bitcoin treasury company. Public corporations have become the dominant players in the Bitcoin market in recent months. When it comes to shareholder value growth, few firms can hold a candle to Warren Buffett's Berkshire Hathaway (NYSE:BRK, BRK.B)). Between 1965 and 2023, the company delivered a compound annual growth rate of nearly 20% to its shareholders, outperforming the S&P 500 by approximately 10%. So, it makes sense that Strive Asset Management CEO Matt Cole last month cited Berkshire Hathaway when discussing the firm's aspirations in the Bitcoin treasury company space. 'We're going to be one of the major players in the space where I look at us as kind of the Berkshire Hathaway of Bitcoin Treasury companies,' he said at the time. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Achieving this goal, however, will be no easy task. "The Berkshire Hathaway of Bitcoin' would have to master three different return on equity strategies, said Top Bitwise strategist Jeff Park on Monday. These strategies include liability management, asset management and operating equity management. According to Park, however, Bitcoin treasury firms in their current form are not taking advantage of more than one approach. He put MicroStrategy (NASDAQ:MSTR), The Blockchain Group and Metaplanet's strategies under liability management. Strive and Twenty One's efforts were classified under asset management, while Kindly MD's (NASDAQ:KDLY) efforts were placed under operating equity management. Meanwhile, Park said financial leadership alone would not be enough for a Bitcoin treasury company to become 'the Berkshire Hathaway of Bitcoin.' After all, the Oracle of Omaha's firm is not only recognized for its financial success but also its stabilizing role during times of distress. Trending: New to crypto? on Coinbase. So, in addition to mastering the outlined ROE strategies, Park said the ideal Bitcoin treasury company would need to build its 'spiritual weight' by wholeheartedly supporting Bitcoin development and prioritizing the community over corporate interests. 'Bitcoin companies must embrace the same vision of classical liberalism as individuals, to pursue freedom, decentralization, and unity: principles that only open-source software can truly deliver, not the managerial politicians,' he said, adding that 'the best corporate leaders will see that the real opportunity isn't just in accumulating, but in becoming custodians of a future where individuals, not institutions, hold the keys.' Public corporations have become the dominant players in the Bitcoin market in recent months. Bitwise said in April that these firms purchased 95,000 BTC in Q1 alone, more than half of the approximately 165,000 BTC expected to be mined this year. And with the entry of players like Strive, Twenty One and Kindly MD into the space in recent weeks, the Bitcoin purchases look set to accelerate even more. Many expect that this demand will drive the asset's price significantly higher. Bitwise, for example, has set a year-end price target of $200,000. Fundstrat has set a target of $250,000. VanEck has set a target of $180,000. At last look, the asset is trading at over $106,000, up nearly 2% in the past 24 hours. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article What It Will Take For A Bitcoin Treasury Company To Become 'The Berkshire Hathaway Of Bitcoin' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
95% of Meta shareholders want nothing to do with a Bitcoin Treasury
95% of Meta shareholders want nothing to do with a Bitcoin Treasury originally appeared on TheStreet. At Meta Platforms' annual shareholder meeting on May 30, shareholders overwhelmingly opposed a proposal to add Bitcoin to the platform's balance sheet, a trend that has gained prevalence in recent months. Shareholder Proposal 13, made by investor Ethan Peck representing the National Center for Public Policy Research, included a recommendation to convert some of the company's $72 billion in cash and marketable securities into Bitcoin as an inflation hedge and due to the lower yields in bonds. However, the vote tally showed that 4,980,828,562 shares (around 95%) were cast against the proposal, with only 3,916,871 cast in favor of it. Additionally, 8,857,588 shares were abstained from, and 204,772,865 were counted as broker non-votes. "While we are not opining on the merits of cryptocurrency investments compared to other assets, we believe the requested assessment is unnecessary," stated Meta's board. According to Bitcoin News, at Bitcoin 2025, Matt Cole, CEO of Strive Asset Management, stated, "You have already done step one. You have named your goat Bitcoin," he said. "My ask is that you take step two and adopt a bold corporate bitcoin treasury strategy," addressing Meta CEO Mark Zuckerberg. Meta's announcement falls in line with what other tech giants, most notably Microsoft and Amazon, have already done by rejecting any requests to add Bitcoin to their treasury reserves. However, Meta has begun to re-enter the cryptocurrency market, with research into integrating stablecoins like USDC and USDT into its platforms for content creator payments and cross-border transactions, according to Forbes. However, Andy Stone, Meta Communications Director, posted on X saying, "To be clear: as Mark said (and as the story notes), Diem is 'dead." There is no Meta stablecoin," while referring to the Libra Association, which was trying to create a stablecoin-like payments system back in 2019. At press time, Meta's stock is trading at $668.17, up over 3.19% in the last 24 hours. 95% of Meta shareholders want nothing to do with a Bitcoin Treasury first appeared on TheStreet on Jun 2, 2025 This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
