Weekly Update #4
(Dec. 2, 2018 — Dec. 9, 2018)
Published in
3 min readDec 8, 2018
As the holiday celebrations start to warm up, we have some big announcements for the Coinplan team. Read on to hear about the new features and portfolios we launched this week.
Announcements
- The new Coinplan Large Cap Portfolio is live! With bitcoin, ethereum, Ripple, Litecoin, and Dash, this portfolio is a comprised of the largest, most resilient, and most used cryptocurrencies. Now you can invest in this high-quality portfolio of cryptos in just one click.
2. We’re super excited to launch one-click portfolio rebalancing! You can now see how unbalanced their portfolio and with just one click, rebalance to the proper portfolio weights. (I was pretty shocked at how far out of balance my portfolio was when I first rebalanced — 10%!)
3. Seamless bitcoin and ethereum deposits and withdrawals is live! Fund your account today and get started investing in the Coinplan Portfolios. Simply log in to your Coinplan account, click “Deposit Coins” and send BTC or ETH to your secure Coinplan wallet.
Insights
Our thoughts from this week in crypto.
- “SEC pushes decision on VanEck-SolidX Bitcoin ETF to 2019” Approval for bitcoin ETF has been in progress since 2014, and still has yet to be approved by the SEC. Many cryptocurrency investors predict that the approval of a bitcoin ETF will have a huge impact on the price of bitcoin because traditional investors (non-crypto investors) will have an easy outlet to invest in bitcoin. Unfortunately, SEC Commissioner Hester Peirce hinted that investors shouldn’t hold their breath on the bitcoin ETF. More on this in February 2019 when the decision has been postponed to. (Per The Block)
- Morgan Creek Digital, lead by Anthony Pompliano, have made a bet targeted toward Wall Street powerhouses like Warren Buffet that Morgan Creek’s Digital Asset Index Fund will outperform the S&P500 over the next 10 years. It seems the leaders in cryptocurrency investing are putting their money behind index and portfolio-based crypto investing…and at Coinplan we agree. Thats why we’re making portfolio-based crypto accessible to retail investors. (More on this story HERE)
- U.S. Congressmen agree on something — and its protection for crypto investors. (I know, I couldn’t believe it either) This week, Democrat Darren Soto and Republican Ted Budd announced two bills aimed to protect investors from cryptocurrency price manipulation and make the U.S. a “leader in the cryptocurrency industry”. This is really exciting for the cryptocurrency community because it marks a turn in regulators and government’s outlook in the amazing technology and potential of cryptocurrencies. Check out the full story HERE.
