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Snacks / Monday, October 25, 2021

Immunity boost… not a ginger shot. The FDA authorized Moderna and J&J boosters last week. Pfizer had already gotten the green light, so people who are at high risk or 65+ can now choose from three boosters. Dr. Fauci expects people under 65 to be eligible for boosters soon. Pfizer said Friday that its vax is safe for kids — now the FDA’s reviewing the results. 80% of US adults are fully vaxxed, but the push isn’t over. And some un-vaxxed workers are quitting to avoid vax mandates.

Bit by bit… Crypto mainstreamification continues. Bitcoin prices hit a record $67K last week after two Bitcoin futures ETFs started trading in the US for the first time. These ETFs do not invest directly in Bitcoin, but they make crypto more accessible. 200M people now own $2.5T in crypto, and it’s attracting more individual and institutional investors. Morgan Stanley, Goldman Sachs, and Wells Fargo all launched Bitcoin funds this year. Looking ahead, crypto giants are building more crypto tools, and more Bitcoin futures ETFs are expected to launch this month.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.