Topline Hong Kong has authorized its first exchange-traded funds tracking digital assets bitcoin and ether, according to statements from multiple issuers on Monday, boosting the wider market and making the city Asia’s first to offer the popular products after the U.S. launched the first spot bitcoin ETFs earlier this year. Hong Kong has approved cryptocurrency
Cryptocurrencies were invented in the heat of the 2008-2009 financial crisis to provide an alternative to banks. The inventors of Bitcoin, who went by the pseudonym Satoshi Nakamoto, envisioned a financial system that didn’t depend on “trusted third parties” that they said couldn’t be trusted in the first place. Instead, it would use cryptography and
Topline Bitcoin has soared to new record highs in recent weeks and enthusiasts feel it is poised to grow even further with an upcoming “halving,” a key event written into the foundations of the cryptocurrency to limit supply that has historically coincided with elevated prices and boosted attention to the crypto sector. the upcoming halving
Good morning. The booming US stock market is making some people nervous, but maybe the Magnificent Seven aren’t so expensive after all. Plus, there’s a big bet riding on market calm and unstoppable crypto markets may score a win in London. Here’s what people are talking about. — Sofia Horta e Costa Want to receive
Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in minutes. Those changes are often mysterious to market observers, because of the digital currency’s lack of ties to the real economy. Bitcoin has another quirk, one that was built into the code that
From what it’s understood, BTC’s market capitalisation went past the $1.1 trillion mark, which was last recorded in 2021. As per market experts, this BTC development highlights the diminishing dependence of the crypto market on the equity market which has resulted in BTC bullishness in the past. Reportedly, on February 26, 2024, while BTC secured
BlackRock CEO Larry Fink Anadolu Agency via Getty Images These are rough times for “woke investing,” Wall Street’s embattled practice of doing well by doing good. For the first time since the strategy was born in the 2010s, more American investors are leaving environmentally responsible exchange-traded funds than are buying in, and this month three
Published: Feb. 2, 2024 at 4:25 p.m. ET Don’t miss these top money and investing features: Investing news and trends Tesla’s stock had its worst month in a year, but Cathie Wood’s ETFs kept buying The ARK Innovation and ARK Net Generation exchange-traded funds bought more than $150 million in Tesla shares in January. Read
It is no surprise that Canadian ETF launches slowed to a halt for the month of December as most issuers concentrated activity in distribution announcements to close out the year. Based on the Scotia ETF EDGE reports from December 2 to December 29, spanning a four-week period, Canadian ETFs saw an inflow of $3.3 billion,
These mutual-fund and ETF investing tips keep your portfolio in the game
Published: Feb. 8, 2024 at 6:05 p.m. ET Don’t miss these top money and investing features: . INVESTING NEWS & TRENDS This fund manager stopped worrying about economics. Now he is outperforming the stock market. A change in strategy has helped transform the GoodHaven Fund from a long-term underperformer into an outperformer since the end