Are there cryptocurrencies linked to the stock market like ETFs?

[EliasIT]

I’m wondering if there’s something similar to what has been done with ETFs for crypto, where there are crypto coins that are tied to the stock market. Maybe something like how PAXG is based on gold.

Does anyone know if this exists?

 

[icecold]

That's a really interesting question, and if something like that exists, I’d be ready to invest 10-20K in it as well.

 

[Clank]

I don’t think it would be legal

 

[icecold]

Why would this not be legal, try to understand your comment?

 

[TheCryptoAnt]

I’m wondering if there’s something similar to what has been done with ETFs for crypto, where there are crypto coins that are tied to the stock market. Maybe something like how PAXG is based on gold.

Does anyone know if this exists?

Tokenized stocks and some ETFs were offered by Binance and FTX back in 2020/2021 but the product was rather quickly terminated by Binance and FTX went bust.

Atm for what I know theres nothing of the sort being offered around (at least that has any volume that makes sense)

Im confident the SEC doesnt like it at all hence why Binance pulled fast like a 15 yo w his first girlfriend.

 

[JohnnyDoe]

Perhaps a synthetic reproduction of stocks/market index could be legal, but it would be purely based on trust, hence contrary to the crypto spirit (as USDT is).
Pricing would be a total mess too.

 

[diro]

Are there other forms of investments one can make in crypto where the likelihood of loss is in the same class as if one were investing in the top 25 companies, for example, in the USA or Germany?

That is, if one does not want to invest directly in stocks?

 

[wellington]

Yes - but problem is when there’s a underlying RWA and the questions on regulatory changes - you might end up holding the bag on a forced redemption into Fiat/Stable/Underlying asset

Happened to our partners and our organization previously with a 25% haircut as we couldn’t hold the underlying without a EU subsidiary vehicle due to EU laws on the underlying asset

Now when it comes to other markets it can get even more tricky especially with the US.

Also there’s liquidity issues

Besides you can earn a decent enough yield in stables, a decent yield and gradual price rise in ETH, Sol etc you can even earn yield on BTC with Thor etc

 

[lory]

Besides you can earn a decent enough yield in stables, a decent yield and gradual price rise in ETH, Sol etc you can even earn yield on BTC with Thor etc

What stables would you suggest and how would you make money from them ?

 

[wellington]

Look at DeFi lama

What stables would you suggest and how would you make money from them ?

 

[alley]

Look at DeFi lama

you referrer to the below platform ?
DefiLlama.

 

[EliasIT]

you referrer to the below platform ?
DefiLlama.

Nice website / tool to get a better picture of any given crypto you want to invest in.

 

[wellington]

USDC Staking
https://defillama.com/yields?exactToken=USDC+USDT Staking
https://defillama.com/yields?exactToken=USDT+BTC Staking (rune/thor)
https://defillama.com/yields?exactToken=USDC+&exactToken=USDT&exactToken=BTCETH Staking (lido 2.8-3.4% pa)

https://thebitcoinlayer.com/MMM-11 -> use password 'unchained'.

 

[Mercury]

USDC Staking
https://defillama.com/yields?exactToken=USDC%2B USDT Staking
https://defillama.com/yields?exactToken=USDT+

Noted that Base APY column is the one that matters.

DeFi vs CeFi custody/risks differ and there are pros and cons for each.

However I found much better and long-lasting stablecoins yields on CEX/crypto platforms like Nexo that offers 10%-16% pa.

 

[happyjohn]

CEX/crypto platforms

You mean this website?
https://cex.io/
How complicated are they to get approved for and what KYC is required?

Sorry stupid question, when you say Nexo does this means you have to apply for another platform if you want to invest then ?

 

[Mercury]

You mean this website?
https://cex.io/How complicated are they to get approved for and what KYC is required?

Sorry stupid question, when you say Nexo does this means you have to apply for another platform if you want to invest then ?

No, I meant CEX as any Centralized Exchange offering crypto yields not specifically CEX.IO.
https://bitcompare.net/coins/tether/lending-rates?page=1
https://nexo.com/earn-cryptoYou have of course to register in Nexo.com to earn.

 

[JohnnyDoe]

Don’t forget the 2022 wipeout of many of these platforms. Not your keys, not your crypto. Always ask yourself: where the profit comes from?

 

[happyjohn]

I have just opened a new thread to don't go off topic.
https://www.offshorecorptalk.com/threads/nexo-invest-50k-euro-on-this-platform-secure.46044/
There are a few lamps on already.