Top stories in the Crypto Roundup today: Tokenized venture fund added to US Capital Global Securities’ portfolio, Square Crypto uses AMA to emphasize it’s here for Bitcoin, not Square and Arca CIO appears on TD Ameritrade Network to talk bitcoin.

Bitcoin (BTC) is trading at the time of writing at $9,496.70 (-1.08%) with a daily volume of $2.74bn, while ether (ETH) is trading at $208.14 (-1.84%) with a daily volume of $1.19bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,500.11 (-0.77%).

Tokenized Venture Fund With Exposure to Coinbase, Bakkt has Been Announced

US Capital Global subsidiary US Capital Global Securities announced it “is offering to accredited investors a $10 million equity investment in CityBlock Capital’s first tokenized venture fund, NYCQ Fund LP.”

“US Capital Global Securities recently added the [NYCQ] Fund to its own expanding portfolio,” the July 29 blog post stated. The fund “has holdings in leading names in the FinTech and blockchain infrastructure arena, including Coinbase, Bakkt, Nomics, and Tagomi.”

The fund is managed and advised by professionals working at the likes of SoftBank Capital, Goldman Sachs, Wells Fargo, and Google.

Square Crypto Uses AMA To Emphasize It’s Here for Bitcoin, Not Square

Square Crypto—a Square-affiliated entity focused on furthering open-source Bitcoin development—conducted a Twitter ask-me-anything (AMA) on Monday, providing much-needed clarity surrounding its raison d’être.

Answering a question on when it expects to release a working product, Square Crypto’s sole team member—former Google director Steve Lee—replied stating, “the product we’re focussing on is Bitcoin. It has been up and running for over 10 years… but there’s still a lot that needs to be done before we reach mass adoption.”

Arca CIO Talks Bitcoin Investing on TD Ameritrade Network

Appearing Monday on TD Ameritrade Network to discuss bitcoin’s recent volatility—which, as a thirty-day measure, recently hit levels not seen since early last year—was Jeff Dorman, the chief investment officer of Arca, a full-service investment management firm offering institutional investors exposure to cryptoassets.

When asked by host Nicole Petallides whether bitcoin is something “everybody should have” in their long-term investment portfolio, Dorman replied resolutely, stating “I do. As a diversifier to an overall portfolio, it makes a ton of sense. It has zero correlation to any other assets that you’re going to own.”

“There’s some very positive catalysts happening [for bitcoin] right now,” Dorman later pointed out in the TD Ameritrade Network interview. He also referenced next year’s Bitcoin halving event as a potential tailwind for bitcoin’s price moving forward.

State of the Crypto by Top Tier Exchange Volume

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