Bitcoin ETF

Bitcoin exchange-traded funds (ETFs) debuted in January 2024, yet their adoption by financial advisors has reportedly been sluggish. Advisors’ hesitations stem from Bitcoin’s price volatility and its relatively brief history. Bitcoin ETFs serve as a conduit between cryptocurrency and conventional finance. According to a BlackRock spokesperson – financial advisors areRead More →

EFT fund

Nvidia’s swift ascent is poised to prompt a major technology exchange-traded fund to acquire more than $10 billion in shares of the semiconductor maker, consequently reducing its shareholding in Apple. The Technology Select Sector SPDR Fund (XLK), which will rebalance soon, is guided by an index that will adjust basedRead More →

Ripple

Ripple CEO Brad Garlinghouse anticipates the total value of the cryptocurrency market will double this year. He references the launch of the first U.S. Bitcoin exchange-traded fund (ETF) and the forthcoming Bitcoin halving event as key factors. “The overall market capitalization of the cryptocurrency industry is expected to double byRead More →

Bitcoin up on ETF growth

Bitcoin has been on a remarkable ascent! It soared past the $72,000 mark on Monday 11th March 2024, setting a new all-time record. This surge is attributed to a growing demand for new spot exchange-traded funds (ETFs), which have been approved for listing in the U.S. by some of the world’s largest financial firms. Read More →

Bitcoin ETF approval

After years of regulatory rejection, the U.S. Securities and Exchange Commission on Wednesday 10th January 2024 finally approved the Bitcoin EFT. It has approved what are known as ‘spot’ Bitcoin Exchange-Traded Funds (ETFs), which can be purchased by anyone from pension funds to retail investors. This now means that some of theRead More →

Bitcoin ETF

Bitcoin jumped briefly on Tuesday 9th January 2024 after a post on the U.S. markets SEC regulator’s ‘X’ account post said it had approved the Exchange-Traded Funds (ETF’s) in the cryptocurrency. This was a big news event for the cryptocurrency community and for the wider investment world. Large and smallRead More →

Bitcoin

Crypto related stocks climbed Monday 8th January 2024 as the price of Bitcoin increased again to its highest level since April 2022. Crypto exchange Coinbase rose 3%, while Block and Robinhood, which also offer Bitcoin trading services, added 3% and 5%, respectively. Mining stocks enjoyed gains too: Marathon Digital and Riot Platforms advanced some 8% each. CleanSpark and Iris Energy both added 6%. ETF decisionRead More →

The Magnificent Seven

Top tech stocks The Magnificent Seven is a term to describe seven tech’ stocks that have been surging in 2023. Dominant These seven stocks are considered to be dominant in their respective fields and have strong growth prospects driven by innovation and artificial intelligence (AI). They have outperformed the broaderRead More →

Cryptocurrency

Court rules SEC wrong The price of bitcoin surged Tuesday 29th August 2023 after the U.S. Court of Appeals ruled that the Securities and Exchange Commission (SEC) was wrong to deny crypto investment giant Grayscale permission to convert its popular bitcoin trust into an ETF. Bitcoin jumped around 7% following the ruling toRead More →