The sale reduced BOND’s presence in the fund’s portfolio from 7.5% of reportable assets under management to a mere 0.4%, a diminution as stark as the fading light of a waning star. The top holdings that followed bore the weight of their own histories, each a testament to the capriciousness of markets: DCOR, DFIC, UDFEM, FAS, and SPIB, their values etched in percentages that spoke of both triumph and trepidation.
What sorcery, you ask, has wrought this calamity? And could the fall deepen, like a character in a Bulgakov novel spiraling into the absurd? 🌀
Mark Fairless, that paragon of financial foresight, declares that stablecoins are “a logical extension to reduce friction in international global payments.” One might ask, is this logic or merely a desperate attempt to keep up with the digital age? 🤔
In a missive on the platform of X, Paul Barron, with the gravitas of a soothsayer, proclaimed that Canary Capital’s XRP ETF shall debut today, bearing a modest management fee of 0.50%, having secured the benediction of Nasdaq. Franklin Templeton, ever the patient suitor, awaits its turn between November 14 and 18. Bitwise, with frugality as its mantle, shall follow on November 19 or 20, boasting the humblest fee of 0.34%. 🧮💰
On a chilly November 13th, amidst the gilded halls of the Bitcoin Amsterdam 2025 conference, Luxembourg’s Finance Minister Gilles Roth proclaimed his nation’s descent into the crypto maelstrom. With a flourish worthy of a tragic hero, he announced that 1% of the country’s sovereign wealth fund-a paltry €7 million-had been sacrificed to the Bitcoin gods. “We must be first!” he cried, his voice echoing through the halls of financial hubris. “For what is life without a dash of recklessness?” 🌪️
Dusk, that darling blockchain network, and NPEX, the ever-so-regulated Dutch stock exchange, have announced their dalliance with Chainlink’s interoperability and data standards.
The collaboration, my dear, is crafting an end-to-end framework for the issuance, secure cross-chain settlement, and data publication of regulated European securities. How très chic! 🥂
In a tale more convoluted than Anna Karenina, TKO Group Holdings, the proud architects of UFC and the forthcoming Zuffa Boxing, have forged a multi-year pact with Polymarket, the world’s most audacious prediction market. This union crowns Polymarket the “Exclusive and Official Prediction Market Partner” of both UFC and Zuffa Boxing, a title so grand it could make Napoleon weep-or at least scroll TikTok.
The filing reads like a confession: Triata sold every share of Baidu (BIDU) it owned. The stock, now trading at $122.59, had climbed 45.8% year-to-date, a performance that left the S&P 500 in its dust. Yet the fund, once holding 7.9% of its assets in Baidu, now holds none. The transaction is not a verdict on the company’s soul but a shuffle of the deck, a rearrangement of chips in a game where the house always wins.
Norwood’s filing reads like a financial thriller. They sold 538,610 shares of Driven Brands in Q3, reducing their position by over 70%. The fund’s DRVN stake plummeted from 10.24% to 3.32% of 13F assets under management. I’m imagining the analysts at Norwood whispering in hushed tones, “Maybe we overestimated this one.”
The remaining 239,438 shares now sit at the 11th-largest holding in their 15-stock portfolio. Poor DRVN-downgraded from fourth to eleventh in a single quarter. If stocks had social media, it would be a DM storm of “Why did you leave me?”
Ah, the long-awaited debut of the first U.S. spot XRP ETF, a moment so monumental it could make a stone weep (or at least a very confused accountant). 🧠💥 Ripple CEO Brad Garlinghouse, ever the optimist, declared on X, “It’s (finally!) happening,” as if the universe had been holding its breath for decades. The launch … Read more
