According to a recent announcement, the firm will now cover and rate the following digital currencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS (EOS), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA). The rating scale will be from 1-5 stars, with 5 representing a positive outlook.
EF Hutton will also provide a daily market report, trading signals and recommendations, and equity research reports on public companies focused on either digital assets or blockchain technology.
Both retail and institutional investors may access this research via monthly subscriptions that range from $19 to $99 per month. The higher tier subscriptions offer the research immediately, whereas lower tiers will experience a delay.
In a statement accompanying the announcement, EF Hutton CEO, Christopher Daniels, shared what he sees as the opportunity in providing crypto-focused research.
A great many investors are confused by the rapid developments in this new asset class. 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.
With this move, EF Hutton becomes one of the first major brokerage firms to open up its research division to the public to provide accessible information to help guide investors through the rampant noise in the crypto market.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.