• Smart Cash
  • Performance
  • Log in
  • Get Started
ResearchThe Weekly (1/12)

The Weekly (1/12)

Jan 12, 2024

Titan launched the first actively-managed Crypto strategy for individual investors in US history back in 2021, which we then evolved to a passive Crypto strategy, owning Bitcoin & Ethereum. 

The major news this week was the SEC's historic approval of spot Bitcoin ETFs. What does that mean exactly? Simply put, the SEC voted to allow mainstream investors the opportunity to buy and sell bitcoin as easily as stocks and mutual funds.

Given the SEC is nearly 90 years old and has the explicitly stated mission of “protecting investors,” this approval could be read as a vote of confidence for the asset class’ development.

We were taken aback by the degree of introspection & honesty from the SEC. Check this out:

"[W]e have alienated a generation of product innovators within our space. Our unreasonable approach to these applications has signaled that regulatory prejudice against new products and services can lead us to sidestep the law and unreasonably delay product launches" annotated Hester Pierce, Commissioner of the SEC (full press release).

Crypto is a hotly debated subject, especially in wealth management. 

Quick Googling, and you'll find significant US leaders who are either passionate advocates or passionate skeptics. The way you can summarize the Titan house view is the following: 

The right question to be asking with Crypto is not the binary one: will Crypto exist or not? Given all investing is inherently risk and reward, the more precise question is, what percentage of long-term portfolios should be dedicated towards crypto? 

If you don’t believe in the technology and see it as a commodity with no intrinsic value, the answer is 0%. If you believe in the vision of Chris Dixon’s Read, Write, Own and web3, the answer should be greater than 0%, but still sized commensurate with the high risk and high volatility of the nascent asset class compared to, say stocks.

So while Crypto isn't in our recommendation engine, as we believe this is a personal decision for our clients, we launched Titan Crypto to support our clients in having a simple means to add Crypto exposure to their portfolios if they so choose. 

“Although this is a time for reflection, it is also a time for celebration…I am celebrating the perseverance of market participants in trying to bring to market a product they think investors want.” We agree, Ms. Pierce. 

You can learn more about Titan Crypto here if it's of interest or find it in the app on the Transfer tab. 

Have a great weekend,

— Your Titan Team


As of writing, BTC and ETH are holdings in Titan Crypto.

Disclosure: The views expressed by Commissioner Hester Pierce are her own and do not necessarily represent the official position of the U.S. Securities and Exchange Commission as a whole. Nothing in this content should be construed as investment advice, or a recommendation to buy or sell cryptocurrency.  

Cryptocurrency advisory services are provided by Titan. Cryptocurrency trading is provided by Bakkt Crypto Solutions, LLC ("Bakkt Crypto"). Bakkt Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Bakkt Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency execution services are provided by Bakkt Crypto (NMLS ID 1828849) through a software licensing agreement between Bakkt Crypto and Titan. Please ensure that you fully understand the risks involved before trading: https://bakkt.com/disclosures.

Cryptocurrency exchanges, as well as other intermediaries, custodians and vendors used to facilitate cryptocurrency transactions, are relatively new and largely unregulated in both the United States and many foreign jurisdictions. In addition to a higher level of operational risk than regulated futures or securities exchanges, cryptocurrency exchanges can experience volatile market movements, flash crashes, fraud, various forms of market manipulation, theft, transaction processing delays and other cybersecurity risks. Trading in cryptocurrencies may be halted by the various trading venues due to unusual trading activity, outages or other problems with a cryptocurrency platform. If Bakkt Crypto experiences such technical difficulties, those difficulties could prevent you from accessing the cryptocurrency in your Bakkt Crypto account. Bakkt Crypto and Titan may not have sufficient financial coverage through bonds, insurance or other products to repay your losses. Bakkt Crypto does not offer staking, so by using Bakkt Crypto for execution services, Titan Clients may be foregoing the ability to earn additional cryptocurrency.

PLEASE NOTE: INVESTMENTS IN CRYPTO ASSETS ARE ONLY SUITABLE FOR INVESTORS WHO ARE WILLING TO BEAR THE RISK OF LOSS AND EXPERIENCE SHARP DRAWDOWNS. INVESTMENTS IN CRYPTO ASSETS ARE NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (“FDIC”) OR ANY OTHER GOVERNMENTAL AGENCY. YOU ARE SOLELY RESPONSIBLE FOR EVALUATING THE MERITS AND RISKS ASSOCIATED WITH THE USE OF ANY INFORMATION, MATERIALS, CONTENT, USER CONTENT, OR THIRD PARTY CONTENT PROVIDED BEFORE MAKING ANY DECISIONS BASED ON SUCH CONTENT.

Cash Management

Smart Cash

Smart Cash FAQs

Cash Options

Get Smart Cash

InstagramTwitterYoutubeLinkedIn

© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.