Follow along as Valkyrie's Head of Portfolio Management, Bill Cannon, highlights a notable "byte" from the markets each week.
Bill's Byte:
Last week, Nasdaq announced entry into a digital asset custody product starting with Bitcoin, a notable achievement in helping investors hold their preferred digital assets in a safe and secure way. This is a sign of progress in expanding digital asset use offered by established financial institutions to a more mainstream investor and consumer audience, who might be timid with the current process to hold digital assets in an easier way than "traditional" digital wallets. Please read how Nasdaq follows Blackrock, Charles Schwab, Fidelity, and Citadel in developing and investing in the infrastructure necessary in promoting digital asset transactions.
Unfortunately, there are many points in the production and distribution channels that call for security and traceability. By simply adding a QR code, information about a wine bottle's whole life cycle in a manner that is transparent can be presented. Please read about both innovations helping the industry get their products fresh to consumers.
