Goldman Sachs’ clients are reportedly jumping into crypto-related trades following the launch of Bitcoin (BTC) exchange-traded funds (ETFs). Max Minton, Goldman’s head of digital assets in Asia, tells Bloomberg that the banking giant’s clients are investing in crypto derivatives for multiple purposes. “The recent ETF approval has triggered a resurgence of interest and activities from
From Monday through Wednesday, spot Bitcoin ETFs saw outflows of $742 million. SOPA Images—Getty The 10 trading spot Bitcoin exchange-traded funds reported the largest three-day outflow since launching on Jan. 11, according to Bloomberg data, a reversal of the staggering inflows that contributed to the token reaching an all-time high of $72,000 last week. This
Lydia Moynihan Tech By Lydia Moynihan Published March 19, 2024, 5:15 a.m. ET Pubkey’s owner Thomas Pacchia sees a revitalization of Bitcoin in NYC. Stefano Giovannini “We are so back,” crowed Bitcoin investor Aubrey Strobel. It was a celebratory “told-you-so” moment last week for Strobel and her ilk, as Bitcoin blew past $70,000 for the
In this article, we discuss the 15 best blockchain and bitcoin ETFs. If you want to skip our discussion on the cryptocurrency industry, head directly to 5 Best Blockchain and Bitcoin ETFs. The cryptocurrency market has experienced a significant turnaround from the losses of 2022 and 2023, with a notable rise driven by Bitcoin. Bitcoin’s
Bitcoin and other cryptocurrencies fell on Friday in what looked like a short-term correction after a red-hot rally in digital assets. Prices could fall further even as traders continue to be bullish on the outlook for cryptos in the months ahead. The price of Bitcoin dropped 6% over the past 24 hours to below $68,000,
Coinbase , one of the hottest stocks of the past year, still has room to run, according to some analysts. The trading platform’s shares continue to ride the wave of enthusiasm over financial advisors and institutions’ growing adoption of Bitcoin and other cryptocurrencies. Coinbase Global stock has been one of the top performers of the
The new crop of exchange-traded funds offering direct exposure to Bitcoin may have accumulated billions in new assets in the two months since they hit the market, but experts say that’s not because advisors have suddenly jumped on the crypto bandwagon. Most advisors aren’t permitted to talk to clients about the so-called spot Bitcoin funds,
need to also watch underlying trends Getty Images With all of the excitement around the launch of bitcoin spot ETFs, including bitcoin reaching highs in excess of $50,000 that were last reached during 2021, investors and market analysts have correctly been focusing on the implications of these product launches. Benefits associated with these products launches
Commission-based “load” mutual funds and the financial advisors who still sell them seem passé, like riding a horse and buggy to reach your investment goal instead of a zippy new exchange-traded fund. Yet there are excellent load funds run by top fund managers at big shops. Of the 10 largest mutual fund families, six have
Looking back at 2023, it’s clear that the stock market was dominated by tech — but not just by the tech sector in general. It was dominated by seven specific tech companies. The “Magnificent Seven” — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — made up 76% of the S&P 500’s gains last year.