💰 Why this altcoin is up 1,300 percent

BlackRock sets one record after another | Delta finally stretches its legs | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for April 16th in 3:07 minutes. 🎺 Not to blow our own trumpets, but last month’s [Crowdfunding Club]( was the talk of the town. Honk. Next up, you’ll hear from the founder of RYSE – the next big thing in the $158 billion smart home industry. [Sign up here]( Today's big stories - BlackRock reported better-than-expected earnings, and set record after record while it was at it - There's a little-known cryptocurrency that's risen 1,300% this year alone, and now it's coming for bitcoin – [Read Now](/the-hottest-cryptocurrency-youve-never-heard-of?email-id=1327f1a06f056f5f9a0db6a3e33f6587cb7a9e3d4e3661d6361c44&name={NAME}&title=There's a little-known cryptocurrency that's risen 1,300% this year alone, and now it's coming for bitcoin&utm_campaign=daily-global-16-04-2021&utm_source=email) - Delta Air Lines reported its fifth-straight quarterly loss, but there’s light at the end of the tunnel Simply The Best [Simply The Best] What’s Going On Here? BlackRock – the world’s biggest investment firm – [reported]( better-than-expected earnings on Thursday, and the announcement was one for the record books. What Does This Mean? Investors piled a record $172 billion into BlackRock’s funds last quarter – particularly into bond funds, which have benefited from higher [yields](. Throw in rising stock markets that pushed up the value of the firm’s investments, and the amount of money under BlackRock’s management hit a record $9 trillion. And since the company makes most of its money from the fees it charges on that pot, the all-time high drove a 17% jump in profit last quarter compared to the same period last year – as well as yet another record high for the firm’s share price. Why Should I Care? Zooming in: BlackRock loves it when a plan comes together. BlackRock is the world’s biggest provider of [exchange-traded funds]( (ETFs), which passively track groups of investments. But the firm’s also working hard to attract more investors to its lineup of “actively managed” funds, which – given the constant tinkering they demand from fund managers – earn the company more in fees. That strategy seems to be paying off: a third of the money invested with BlackRock last quarter went into actively managed funds. The bigger picture: ETFs aren’t going anywhere. Still, BlackRock’s ETF business – which, alongside Vanguard’s and State Street’s, is one of the world’s biggest – is as much a priority as ever. That’s especially true since investors have piled a trillion dollars’ worth of new cash into ETFs over the past 12 months. But spare a thought for their smaller competitors, which are [merging]( with one another to avoid being crushed by the big three. Case in point: French fund managers Amundi and Lyxor decided to [combine]( last week, creating what will be the second-biggest ETF player in Europe ([tweet this](). You might also like: [How to pick financial services stocks like a pro.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Simply The Best&utm_campaign=daily-global-16-04-2021&utm_source=email) 2. Analyst Take This Little-Known Cryptocurrency Is After Bitcoin’s Crown What’s Going On Here? You’ve probably heard of well-known cryptocurrencies like bitcoin, ethereum, and ripple. But a lesser-known altcoin – a cryptocurrency other than bitcoin – has seen its price [surge 1,300%]( in 2021, becoming the third most valuable cryptocurrency in the process. That might have something to do with how fast and cheap its transactions are. Its daily transaction volume even reached [five million]( recently, compared to ethereum’s 1.3 million. Or it might have something to do with Coinbase’s [groundbreaking stock market debut](, which has stirred up all sorts of excitement for altcoins like this one. And to be clear: nope, it’s [not dogecoin](. So that’s today’s Insight: the mysterious altcoin that’s [rocketed 1,300% this year alone](, and why it might have a lot further left to run. [Read or listen to the Insight here]( SPONSORED BY TURBOTAX Oh geez. Tax Day is May 17th. Oh cool. [TurboTax]( has you covered. With TurboTax, you’ll get [personalized guidance]( on your tax situation. So whether you sold one stock or 1,000 this year, [TurboTax]( can tell you what it means for you. Its [TurboTax Premier product]( makes things effortless, searching more than [400 tax deductions and credits]( to find every tax break you qualify for. And since you can import over [1,500 stock and 2,250 cryptocurrency transactions]( automatically, you’ll be able to do your taxes way more accurately in a fraction of the time. It’s not just stocks and bonds either: you’ll be able to keep track of your [bonds](, [ESPPs](, [rental income]( – you name it. What a load off your mind: [sort your taxes in no time today](. [Try TurboTax Now]( When you support our sponsors, you support us. Thanks for that. Unbuckle Up [Unbuckle Up] What’s Going On Here? Delta Air Lines reported its fifth quarterly loss in a row on Thursday, but the world's biggest airline reckons the cabin fever might finally have broken. What Does This Mean? The beginning of the year still looked bleak for the airline industry, with coronavirus cases and travel restrictions on the rise. So investors weren’t exactly surprised when Delta [reported]( a $1.2 billion loss last quarter. But they finally got some good news: bookings have been climbing as more potential jetsetters get their vaccines, and Delta even started generating cash again for the first time in a year last month. That’s come as a relief to the airline, which now thinks it’s officially turned a corner. And with its domestic leisure bookings at 85% of pre-pandemic levels, it might well be right. So even though international and business travel are some way off getting back to normal, the airline was willing to double down: it stuck to its previous forecast that it’ll turn a profit in the third quarter of the year. Why Should I Care? The bigger picture: Delta chops off one head, two grow back. Delta’s massively boosting its capacity in anticipation of a bumper summer, and it’s not the only one: American Airlines is planning to [offer]( 90% of the domestic seating capacity it did before the pandemic. Combine that with the arrival of two new low-cost airlines – Avelo and Breeze Airway – that are [starting]( US flights this year, and competition in the industry could be about to get hot hot hot this summer. Zooming out: Stimulus checks are the gift that keeps giving. Then again, there are more than enough itchy-footed customers to go around – especially now they have a $1,400 government stimulus [check]( burning a hole in their pocket. If they have any of it left, that is: new data out on Thursday showed US retail sales [rose]( by nearly 10% in March, suggesting they’ve been more than happy to spend big already. You might also like: [How to pick the perfect airline stock.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Unbuckle Up&utm_campaign=daily-global-16-04-2021&utm_source=email) 💬 Quote of the day “You can’t help getting older, but you don’t have to get old.” – George Burns (an American comedian, actor, singer, and writer) [Tweet this]( 📚 What we're reading - Protect your farts amendment rights ([Vice]() - Bitcoin’s so hot right now ([Ledger]()* - The truth is out there ([Interesting Engineering]() - Vegan cheese is finally good ([Eater]() *This sponsored content helps us keep the newsletter free. 🌎 Finimize events 🍽 Grubs up Any great investor has to read signals in the markets: the ones that tell you to buy, the ones that tell you to sell, the ones that tell you it’s lunchtime and you should probably grab a bite to eat. But one of those is less important than the others, so you should head over to [The Three Most Important Trading Signals]( with Stratiphy CEO Daniel Gold to find out which. 🔥 [The Three Most Important Trading Signals](: 6pm UK time, April 20th 🎨 [Are NFTs A Digital Bargain Or Bubble?](: 2pm UK time, April 21st 💡 [Investing In Small Stocks](: 6pm UK time, April 21st 🏡 [The Pros and Cons Of REITs And Real Estate](: 1pm UK time, April 22nd 📈 [How To Inflation-Proof Your Portfolio](: 6pm UK time, April 22nd 🚀 [Space: The Final Investment Frontier](: 6pm UK time, April 27th 💰 [Crowdfunding Club](: 1pm NYC time, April 28th 🛢 [The Energy Sector’s New Direction](: 4pm UK time, April 29th 🔪 [How To Cut Through The Spin](: 6pm UK time, April 29th 👋 [Live Q&A With CEO Max Rofagha](: 1.30pm UK time, April 30th ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. 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