Some news that may affect a couple of our Action Alerts PLUS holdings came out overnight. Let's take a look:


In news that surprised nobody, the Cboe  (CBOE) has now joined CME group (CME)  in offering margined crypto products. Traders on Cboe Digital will be able to trade physically and financially settled bitcoin and ether contracts as soon as the second half of 2023, said the company in a statement. Prior to the approval, the platform only allowed the trading of fully collateralized crypto futures.

"We think this is a win for participants (who are looking to gain access to) trusted, regulated" U.S. derivatives markets, Cboe Digital President John Palmer said. He added that the exchange has "no plans in sight as of now" to add additional cryptocurrency products beyond bitcoin and ether.

"We're always taking a very prudent approach to products that we list in the spot and derivatives markets," he said.

A TRIN Chance?

An article in this morning's Wall Street Journal surmised that most startup companies are having trouble raising money for business ideas. This could be a great opportunity for Trinity Capital (TRIN)  to put a footprint in this growth area. Recent failures in Silicon Valley Bank, Signature Bank and others have made for tougher risk parameters for startup companies. Perhaps Trinity comes forth with needed capital as the venture market faces challenges.

AAP is long CBOE, TRIN.