ETF

A selloff in bitcoin continued on Tuesday, accompanied by record outflows from Grayscale's Bitcoin Trust, accelerating the asset losses by the fund since it converted into an exchange traded fund this year. Grayscale's ETF notched a daily record of $642.5 million in outflows on Monday, according to data from BitMEX Research, when bitcoin tumbled about 4%. The cryptocurrency was down another 2% by mid-afternoon Tuesday, bouncing off session lows. Data for Tuesday's flows will be available Wednesday morning. Elevate Your…

The US SEC approved the Bitcoin (BTC) Spot Exchange Trust Fund in January. 24 hours later, BlackRock launched IBIT ETF and subsequently crossed $10 billion in less than two months. Savvy investors are betting on BTC Spot ETFs for massive ROI and are also focused on a new crypto token called Borroe Finance ($ROE). Keep reading to see expert forecasts and opinions on these tokens.   >>BUY $ROE TOKENS NOW<< Borroe Finance: Decentralizing Web3 Fundraising Through AI As a new web3 business, one of the…

Bank of America's Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, highlighting the growing popularity of the asset class.The ETFs have been available to clients for weeks, a source familiar with Bank of America's plans told Reuters on Thursday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIT DelhiIITD Certificate Programme in Data Science & Machine…

Navigating the Indian Investment Landscape: A Comprehensive Guide to Choosing the Best ETF for Your Portfolio In the dynamic world of investment, exchange-traded Funds (ETFs) have emerged as a popular choice for investors seeking diversification and cost-effective exposure to various asset classes. As the investment landscape in India continues to evolve, choosing the right ETF for your portfolio is a crucial decision that requires careful consideration of several factors. This comprehensive guide aims to…

A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term.Spot bitcoin ETFs could offer investors looking to hedge against inflation an alternative to gold. ETFs track an index, commodities, bonds or a basket of assets like an index fund.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional…

The hunt for the next breakout star intensifies with the global cryptocurrency market exceeding $2 trillion in value. Ever vigilant in navigating the volatile and dynamic landscape, investors have recently set their sights on three contenders: Scorpion Casino (SCORP), XRP, and Bonk (BONK). While each possesses distinct characteristics, the critical question for any investor remains: which token holds the key to unlocking sustained returns and meaningful real-world utility? This data-driven analysis delves…

Bitcoin is riding high.The world's largest cryptocurrency has leapt 22% this year to $52,005, pushing it past a market value of $1 trillion mark for the first time since its record heyday of late 2021.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Product ManagementVisitIts resurgence has electrified the broader cryptocurrency market, including ether…

Investors in cryptocurrency trading platform Coinbase are waking up to some welcome news. As of the time of the writing, shares of Coinbase (ticker: COIN) are up over 12% to above $186 per share. That’s a price COIN shares haven’t seen since March 2022.Shares rose on the reporting of Coinbase’s Q4 2023 financial results, which were announced yesterday after the bell. The main headline from Coinbase’s Q4 was that the company reported its first profit in two years. The company generated $905 million in net revenue for the…

The price of bitcoin hit $50,000 today, a month after the U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs. The issuers of those ETFs have seen demand skyrocket beyond initial predictions of a few billion. Assets under management at these issuers total around $28.35 billion, making for a market cap of $39.8 billion, according to Blockworks data. Trading volume across 24 hours was $1.38 billion. Leading the spot bitcoin ETF pack is Grayscale Bitcoin Trust at $20.27 billion,…

TLDR: 10 financial institutions in Hong Kong are preparing to launch BTC ETFs. NuggetRush, a unique GameFi project, is looking to capitalize on the building bullish momentum, preparing for a 10x surge.  Kaspa is also flagging bullish signals, with forecasts of a rally to $0.245 by August. Following in the footsteps of the United States, Hong Kong could get a spot Bitcoin ETF in the coming week. This happens as ten financial institutions in the country intend to file to launch spot ETFs. With bullish…