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JPMorgan Chase has become a significant holder of Droneshield (DRO), a company specializing in drone defense technologies, controlling at least 5.31% of its shares. DRO has surged 134% this year and 1,475% since its 2020 low, currently trading at $1.34 AUD ($0.87). Meanwhile, CEO Jamie Dimon has been selling his JPMorgan shares, offloading over a million since February 2024.
Deutsche Bank has initiated coverage of Builders FirstSource (BMV:BLDR) with a Buy recommendation as of April 1, 2025. Institutional ownership has risen by 22.06% in the last quarter, with total shares owned increasing by 15.57% to 155,913K shares. Notable fund activities include Vanguard Total Stock Market Index Fund reducing its stake by 2.60%, while Fidelity Advisor Growth Opportunities Fund increased its holdings by 12.73%.
Fidelity has joined the ranks of BlackRock and UBS in the burgeoning market of tokenised Treasuries, which has surged to nearly $11 billion in value. The financial giant plans to launch an Ethereum-based money market fund, OnChain, primarily investing in US government bonds and cash, while maintaining traditional ownership records alongside blockchain transactions.
BNY Pershing plans to introduce a new cash sweep charge targeting registered investment advisors (RIAs) first, with a potential rollout to broker-dealers later. The charge will apply to the first $10,000 in client accounts, offering a 2.25% interest rate while withholding additional earnings from cash lending, which could impact broker-dealer profitability. This move comes amid ongoing scrutiny of cash management practices in the financial industry.
Barclays has significantly increased its stake in the BlackRock Bitcoin ETF (IBIT), holding 2.47 million shares valued at $131.2 million as of December 31, 2024. This move marks a notable shift for the bank, which previously held a minimal position in Grayscale's Bitcoin Mini Trust ETF, and positions Barclays among the top ten investors in IBIT. Despite this investment representing only 0.04% of its overall portfolio, it reflects a growing acceptance of Bitcoin ETFs by traditional financial institutions following their SEC approval in January 2024.
PremiaLab has appointed Mark Findlay as Chief Revenue Officer to enhance its Data & Risk offerings. With over 20 years of experience in risk management and derivatives trading, Findlay will drive business development for the fintech platform, which serves institutional clients managing over $20 trillion in assets. His leadership is expected to strengthen PremiaLab's position in providing advanced risk solutions for quantitative investment strategies.
JPMorgan estimates that Solana and XRP ETFs could attract up to $14 billion in investments within their first year if approved, despite skepticism regarding regulatory approval. The projections suggest potential ETF assets of $5.2 billion for Solana and $8.4 billion for XRP, based on market penetration rates similar to existing Bitcoin and Ethereum ETFs. With a change in SEC leadership anticipated, the outlook for crypto ETFs may improve, potentially paving the way for new products linked to various altcoins by 2025.
Solana is emerging as a strong competitor to Ethereum, with its on-chain metrics like total value locked (TVL) and revenue growth outpacing Ethereum's. The upcoming layer 2 blockchain, Solaxy, is generating significant interest, raising over $10 million in presale, and is expected to enhance transaction speeds and reduce fees. As both networks prepare for upgrades in 2025, Solana's potential for short-term gains is highlighted, particularly in the current bullish market.
Ethereum, the second-largest cryptocurrency, is poised to potentially lead large-cap digital currencies by 2025, driven by increased institutional adoption and the introduction of ETFs like the VanEck Ethereum ETF and Grayscale Ethereum Mini Trust ETF. While Solana is seen as a competitor, Ethereum's long-term fundamentals and the supportive role of Layer 2 solutions may enhance its stability and adoption. Upcoming network upgrades could further catalyze growth and fee stability, positioning Ethereum favorably in the evolving crypto landscape.
Demand for US Bitcoin ETFs surged in early 2025, with net inflows reaching 17,567 BTC ($1.7 billion) by January 6, surpassing the previous quarter's average. This rebound follows a tumultuous 2024, where inflows fluctuated significantly, particularly after Bitcoin prices dipped below $64,000. As Bitcoin's price hit a record high of $108,135 in December 2024, investor confidence grew, leading to expectations of at least 50 new Bitcoin ETFs in 2025, potentially surpassing physical gold ETFs in asset size, signaling a shift in the perception of Bitcoin as a legitimate investment.
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JPMorgan Chase invests in drone defense firm Droneshield amid soaring stock prices
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