IDX has developed the world’s first suite of Risk Managed Digital Currency
Indices Priced by S&P Dow Jones
IDX has developed the world’s first suite of Risk Managed Digital Currency
Indices Priced by S&P Dow Jones
This article from CoinDesk speaks to the fact that Bitcoin has recently been highly correlated to tech stocks, and that correlation has shown no signs of slowing down.
“As a result, the slate of tech earnings we’ve seen this week have been driving the daily trading in bitcoin. While that’s expected to continue in the near term, we do expect bitcoin’s correlation to tech stocks to come down later this year.”
This piece on what has recently been driving Bitcoin’s price, accompanied by an easy-to-use Bitcoin price tracker, includes comments from our CIO Ben McMillan.
“Increased correlation to other risk assets is to be expected with the increased institutional adoption of crypto, and we don’t see this changing any time soon,” says Ben McMillan, chief investment officer at IDX Digital Assets.
Bitcoin prices have been encountering some difficulty recently, repeatedly falling below the $43,000 level and then failing to mount significant recoveries.
“$43k is a key support in the near term as bitcoin looks to build on its relative strength over the last weeks,” he stated.
“This level also happens to be the 200-day moving average which is a key threshold for a lot of the technical traders,” said McMillan.
Ben McMillan was highlighted in a recent piece on MarketWatch, speaking to the “ping-pong” style trading we have recently been seeing in Bitcoin.
“What we’re seeing is that bitcoin has been extremely rangebound these last few weeks with the onset of the Ukrainian conflict. It’s been like watching a Ping-Pong ball match, just kind of back and forth between support and resistance,”
Ben McMillan of IDX Digital Assets joined “First Mover” to address the current state of the crypto markets as Russia’s invasion of Ukraine shows no signs of slowing down.
McMillan addresses the soaring price of oil as Western countries are mulling a Russia oil ban. Plus, comparing Bitcoin to gold as a storage of value in time of crisis.
Ben McMillan joined NextAdvisor & TIME to discuss the ongoing feud in Ukraine.
“The case for Bitcoin as a “safe” asset like gold is weakening, because of its volatility and increased correlation to stock markets”, says Ben McMillan, Chief Investment Officer of IDX Digital Assets.
Ben McMillan, Founder and CIO at IDX Digital Assets, joins Cheddar News’ Closing Bell, where he discusses the significance of CFTC Chairman Rostin Behnam testifying at Wednesday’s Senate Agriculture Committee hearing, and when we could expect to see more regulation in place following the second straight day of congressional hearings on the crypto industry.
IDX Digital Assets CIO Ben McMillan discusses his outlook for cryptocurrency in 2022 and what to expect for stablecoin regulation.
“Now that bitcoin is not entirely held by early adopters, it’s sitting in a 60/40 type portfolio,” said Ben McMillan, Chief Investment Officer of Arizona-based IDX Digital Assets, referring to the institutional strategy of allocating 60% of a portfolio to relatively risky equities and 40% towards bonds.
“It’s not surprising that it’s starting to trade with a lot more sensitivity to interest rates.”
Bitcoin has recouped some losses after it slumped Monday to as low as $32,983, as investors expect the Federal Reserve’s meeting, which will be held on Tuesday and Wednesday, to set the tone for a shift away from its easy-monetary policy started during the pandemic.
IDX Digital Assets announced that it has launched a node for Pocket Network Inc. as part of a growing investment into the blockchain infrastructure space.
Ben McMillan, CIO of IDX Digital Assets, joined CoinDesk’s “First Mover” show to share his views on the crypto markets and the impact of macro factors.
“Other than Solana, Polkadot and Avalanche, Ben McMillan, CIO at IDX Digital Assets in Tampa Bay, Cosmos (ATOM) and Terra (LUNA) are worth a look for investors diversifying away from Ethereum in their Gemini accounts.”
In this article from 1/12/22, Ben McMillan was quoted on Ethereum’s recent dip, and rally.
Ben McMillan joined Fox Business & Maria Bartiromo to talk about Bitcoin’s recent slide, sending it 40% from it’s previous all-time high price. Ben also touches on Kazakhstan’s mining/crypto situation and how that may be affecting price.
IDX’s Chief Investment Officer Ben McMillan joined CoinDesk TV’s “First Mover” segment to talk about what he is seeing in the crypto markets as we begin 2022, and what impacts the macro environment may have in the coming months.
*Ben’s segment begins at around the 15 minute mark.
IDX’s Chief Investment Officer Ben McMillan joined Fox News’ Maria Bartiromo to discuss Jack Dorsey leaving Twitter to work on Bitcoin, and potential upcoming regulations and rules for digital assets in the upcoming year.
Over the weekend, Ben McMillan collaborated with one of Forbes senior crypto contributors to discuss the recent Bitcoin selloff. The brisk selling saw BTC wick-down to the $42k area, before rallying to the higher $40k area we see it at today (12/6).
Ben sat down for an interview with Forbes to talk Bitcoin data and the recent resistance at the $60,000 level.
“Our sentiment models are neutral and, on the macro side, the recent strength of the USD is also likely providing a bit of a dampener on upside expectations for bitcoin,” McMillan stated.
We joined MarketWatch to discuss recent BTC volatility, and what effect larger macro plays would have on digital assets.
“A good example is when you looked at the record high CPI numbers that came out a couple of weeks ago, what was interesting was that Bitcoin initially traded up on that news consistent with the idea of Bitcoin as an inflation hedge, but it actually sold off very quickly a few hours later as the rates market started trading up,” McMillan added.
We joined TD Ameritrade live for an interview to discuss the first Bitcoin update in four years, Taproot. Taproot is designed to unlock the potential for smart contracts on Bitcoin. Ben McMillan weighed in on the upgrade and what it could mean for BTC and the broader crypto markets.
Our CIO Ben McMillan was recently quoted in a Forbes article, talking about how IDX feels there can be multiple Layer 1s, like Ethereum, that exist in the digital assets ecosystem. Read more below on why Ben is specifically bullish on the Solana blockchain.
Ben McMillan joined Cheddar to talk about Ethereum’s recent all-time high, and how investors might look to Bitcoin and Ethereum as inflation hedges.
Ben McMillan joined CoinDesk’s Christine Lee on the “All About Bitcoin” show to discuss recent Bitcoin adoption at the institutional level. Watch the clip below.
Ben McMillan was recently quoted in a CNBC article on the topic of Bitcoin’s latest rally, as the digital asset makes its way back towards all-time highs.
Ben McMillan and Marc LoPresti joined TD Ameritrade Network to break down the drivers of this latest bitcoin rally and express their long-term sentiment for the cryptocurrency space as a whole.
Our CIO Ben McMillan was recently quoted in this Bloomberg article pertaining to Bitcoin’s swift rise in price in early Q3, 2021.
Quantitative asset manager IDX Digital Assets has sold all of its bitcoin holdings. IDX Chief Investment Officer Ben McMillan discusses why, citing news from China, global regulatory actions, and BTC’s speculative nature.
Plus, his take on bitcoin’s volatility being increasingly resilient to China’s crypto crackdowns, levels to watch to get back into bitcoin, Ethereum, and DeFi.
“Chinese nationals were very early adopters of bitcoin for the reason that it helped them circumvent capital controls,” said Ben McMillan, CIO at IDX Digital Assets, which provides research and investment solutions in the crypto space.
“The Chinese are very ingenious at kind of playing this cat and mouse game with the CCP.”
After asset manager IDX Digital Assets launched a pair of risk-managed crypto trusts, the firm is now seeking to launch mutual funds focused on investing in bitcoin and Ethereum futures contracts.
The Phoenix, Arizona-based company filed with the SEC on Aug. 13 to launch the IDX Risk-Managed Bitcoin Fund.
It’s no secret that the volatility of Bitcoin and other digital assets has been on the mind of investors. Bitcoin hit an all-time high of more than 64,000 in April, but lost more than 50% of its value when it plummeted below 30,000 in May. Late in June, it was trading around 36,000.
But how has that been affecting advisors? Our CIO Ben McMillan and Ric Edelman sat down to discuss just that.
Despite an almost 50% decline in the value of Bitcoin between mid-April and late June and crackdowns in the U.K. and China, Ric Edelman, the founder of Edelman Financial Engines and the RIA Digital Assets Council, remains bullish about cryptocurrencies. He also expects the Securities and Exchange Commission to approve a Bitcoin ETF.
“It’s not a matter of if but when,” said Edelman, who hosted a recent webinar with guest Ben McMillan, the founder and chief investment officer of IDX Digital Assets.
SCOTTSDALE, Ariz., May 11, 2021 /PRNewswire/ — IDX Insights, a research & development firm, announces the launch of a series of risk-managed indices for the crypto-assets space. The IDX Risk-Managed Bitcoin Index, IDX Risk-Managed Ethereum Index and the IDX Risk-Managed LargeCap Crypto Index are designed to provide dynamic exposure across crypto assets with the ability to go 100% to cash.
SCOTTSDALE March 8, 2021 /SMArtx/– In the first episode of the SMArtX 2021 Virtual Awards Podcast, SMArtX CEO Evan Rapoport sat down with the Founder and CIO of IDX Insights, Ben McMillan, to discuss IDX Crypto Opportunity Index winning the Best Performing Direct Index Strategy in this year’s awards.
DALLAS, Dec. 15, 2020 /PRNewswire/ — Ranger Capital, in partnership with IDX Insights, announces the launch of the RG Aurum+ fund (GLDPX) which became effective September 8th. GLDPX seeks to provide risk-managed exposure to precious metals and crypto currency via the Grayscale Bitcoin Trust (GBTC).
SCOTTSDALE, AZ Dec. 02, 2020 — IDX Insights, a research & development firm, announces the launch of the IDX Tactical Bitcoin Index on Coinbase. The index is designed to opportunistically allocate between bitcoin and cash using a proprietary rules-based process.
PHOENIX, Oct. 15, 2019 /PRNewswire/ — The IDX Crypto Opportunity Index (COIN), which seeks to provide opportunistic exposure to bitcoin by way of the Greyscale Trust (GBTC) was down 55bps (on a gross basis) in September compared to GBTC which lost over 9%