Michael Saylor’s Bitcoin ETF Boom

CRYPTO
Michael Saylor’s Bitcoin ETF Boom

Michael Saylor has defied Wall Street skeptics, building a Bitcoin empire and a new crypto-investment ecosystem. Now, that ecosystem is expanding with the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), which focuses on companies holding Bitcoin, including Saylor’s rebranded Strategy.

BMAX holds convertible bonds—low-interest notes that can turn into stocks if share prices rise—from firms like Strategy and MARA, which pioneered funding Bitcoin purchases through equity-linked notes. This ETF allows retail investors access to these instruments, traditionally dominated by institutions.

Strategy has raised nearly $9 billion through convertibles, inspiring companies like Riot and Bitdeer to follow. This has fueled speculation, arbitrage strategies, and leveraged ETFs tied to Strategy’s price movements.

As investor demand grows, a complex web of ETFs now surrounds Strategy, reinforcing its market influence. However, volatility remains a risk, as interconnected funds could suffer if Strategy faces a downturn.

FINANCE
Goldman Sachs Launches New Buffer ETF

Goldman Sachs Asset Management is catering to investors seeking downside protection amid market volatility. Bryon Lake spearheaded the firm’s launch of its latest buffer ETF, the Goldman Sachs U.S. Large Cap Buffer 3 ETF, designed to mitigate losses while allowing for modest gains.

“With uncertainty around tariffs, equity shifts, and geopolitical issues, investors need protection,” Lake told CNBC’s ETF Edge.

Lake, who joined Goldman last summer after leading JPMorgan’s global ETF business, emphasized that buffer ETFs provide downside protection of 5% to 15% while enabling gains of 5% to 7%. These ETFs reset quarterly, maintaining flexibility in changing market conditions.

“These strategies have been used successfully for decades,” he noted.

Since its March 4 launch, the ETF is down about 3%, compared to the S&P 500’s nearly 4% decline, demonstrating its effectiveness in limiting losses while still offering market participation.

TECH
AI Boom Fuels Nvidia’s Popularity

Nvidia remains a favorite among young investors, despite concerns over DeepSeek and tariffs. Over the past five years, its stock has surged over 1,800%, making it one of the world’s most valuable companies. It recently surpassed Tesla as the most-held stock on Robinhood, where Gen Z and Millennials dominate investing trends.

Robinhood CEO Vlad Tenev believes AI will drive more investment in tech giants like Nvidia. On Reddit’s r/wallstreetbets, Nvidia is a top-discussed stock, with over 88,000 members in its NVDA-focused community.

Despite a strong $39.3 billion Q4 2024, Nvidia’s stock has faced turbulence in early 2025, losing $500 billion in value amid AI competition and economic concerns. Some analysts remain bullish, though CNBC’s Jim Cramer warns of weak hands selling prematurely.

With Gen Z investing earlier than previous generations, financial experts emphasize diversification, cautioning against relying too heavily on Nvidia’s past success to predict future gains.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.