BlackRock\u0027s application and Grayscale\u0027s court victory stirred the crypto world, but such investment vehicles look very vanilla. Read more.
Bitcoin’s price shot up 20 per cent in a week after the BlackRock news in June, and was up seven per cent on Aug. 29 after the court victory by Grayscale, as traders bet the launch of an ETF will tempt in a rash of new buyers.
To see some of the more egregious purveyors of this financial snake oil being hauled before the courts has been pleasing, but it’s surprising, frankly, to see the “value” of bitcoin and all the other cryptocurrencies remain above US$1 trillion despite the cascading failures of the past year. For people who feel they must “play,” spot bitcoin ETFs will be safer, cheaper, simpler products, and the benefits of protecting people who have already been lured in to cryptocurrency outweigh the risk of luring in more.
More generally, ETFs are home to a dazzling array of bad investment ideas, even more so now that actively managed funds are crowding in after the index trackers that established the product.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Little evidence that a spot bitcoin ETF would expand the marketBlackRock\u0027s application and Grayscale\u0027s court victory stirred the crypto world, but such investment vehicles look very vanilla. Read more.
Lire la suite »
HP earnings, Hurricane Idalia, Grayscale's bitcoin ETF: 3 ThingsShares of HP Inc. (HPQ) fall on mixed third-quarter earnings results. Hurricane Idalia makes landfall in Florida with officials warning of potential storm surges. Lastly, Yahoo Finance will be speaking with Grayscale CEO Michael Sonnenshein this morning after a federal appeals court decision supporting the company's bid to convert its bitcoin trust (GBTC) into an ETF. Yahoo Finance Live's Brad Smith highlights several of this morning's top developing stories.
Lire la suite »
Analysis-Grayscale victory big boost for decade-long spot bitcoin ETF pushBy Hannah Lang and Chris Prentice WASHINGTON (Reuters) - A court ruling siding with Grayscale Investments is a big boost for the cryptocurrency ...
Lire la suite »
Grayscale CEO Unsure if Firm Has to Refile With SEC for Spot Bitcoin ETFGrayscale Investments LLC Chief Executive Officer Michael Sonnenshein isn’t sure yet whether the firm needs to refile an application with the SEC to offer an ETF that invests directly in Bitcoin after winning a key dispute with the regulator.
Lire la suite »
Grayscale victory big boost for decade-long spot bitcoin ETF push in U.S.Court ruling may not immediately open the floodgates for such products
Lire la suite »
Bitcoin ETF Euphoria Recedes While Weary Crypto Advocates Seek More ClarityEnthusiasm in the crypto world is dissipating almost as quickly as it surged in the aftermath of a court ruling that appears to pave the way for a long-sought US exchange-traded fund that invests directly in Bitcoin.
Lire la suite »