EF Hutton Rolls Out Monthly Cryptocurrency Research Subscriptions
EF Hutton to Initiate Research on Cryptocurrencies
EF Hutton has announced that it is set to initiate research on a wide range of Digital Assets such as Tokens and Coins, often referred to as “Crypto currencies”.
The company said it will initiate coverage of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS (EOS), Litecoin (LTC), Bitcoin Cash (BTH), Cardano (ADA) and will rate each.
EF Hutton will also provide equity research coverage of companies involved in cryptocurrencies and other digital assets. Company reports will start with HUT 8 Mining and HIVE Blockchain Technologies. Ratings scale is one star to five stars with five-stars representing a positive outlook and one-star representing a negative outlook.
The EF Hutton’s research reports will be available on a monthly subscription basis.
EF Hutton Taking the Lead in Digital Finance
Market research is a $19 billion market, according to statistica.com, and EF Hutton is the only nationally-branded financial firm to provide this advanced level of research to individuals interested in this emerging asset class. Only a small percentage of U.S. investors hold digital assets like Bitcoin. However, many investors are interested but are refraining from purchasing because they cannot find research from sources they trust. EF Hutton intends to provide keen insights and deep analysis that make its research reports “must read” by individual and institutions interested in this asset class.
EF Hutton CEO, Christopher Daniels, a thought-leader in digital assets and FinTech, is a featured speaker at Block World, the world’s largest blockchain conference held in San Jose. He will be speaking about investing in Digital Assets at 9:30am on Friday, September 14.
“A great many investors are confused by the rapid developments in this new asset class,” Daniels explained. “They know they can trust EF Hutton to guide them and to inform them about developments in this asset class. This is the first of many initiatives we are taking that adds value for our clients and customers.”
This is one of several HUTN initiatives in crypto. For example, EF Hutton’s affiliate, Megga Inc. a HUTN subsidiary, has already developed a virtual currency called MeggaCoin as part of its meggalife.com social platform, which is in beta test stage. Meggalife.com allows people to mine MeggaCoin. MeggaCoin is a utility token that can be redeemed for cash.
EF Hutton plans to further extend its expertise in crypto currencies and other digital assets. The company believes this research subscription initiative will add $0.12 per share to HUTN revenue in 2019.