Leveraged Microstrategy ETFs break $400m as ‘hot sauce arms race’ heat up
The ETFs add leverage to Microstrategy’s already levered-up Bitcoin strategy. Investors can’t seem to get enough. Go to Source
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The ETFs add leverage to Microstrategy’s already levered-up Bitcoin strategy. Investors can’t seem to get enough. Go to Source
A Bloomberg analysis found that cryptocurrency and stock markets have shown a high correlation after the latest set of Federal Reserve interest rate cuts. According to analysts, this related movement would be the result of the macroeconomic variables taking control of the markets and should continue in the near term. Not Uncorrelated: Stocks and Cryptocurrency … Read more
The move signals the crypto betting market’s growing importance. Go to Source
A portfolio manager says market participants are a bit too optimistic about an aggressive Fed interest rate cut, which could pose risks. Go to Source
Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary … Read more
Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings. The analyst believes there is a decent chance the SEC … Read more
However, the impressive flows from BlackRock’s IBIT and Fidelity’s FBTC haven’t been enough to gain on the leading ETF asset manager by total flows, Vanguard. Go to Source
Ethereum price soared to a 2-month high at $3,700 today as analysts significantly boosted their expectation that a spot ETH ETF could be approved. Go to Source
On May 20, 2024, Bloomberg Intelligence exchange-traded fund (ETF) senior analyst Eric Balchunas informed his 274,000 X followers that he and his colleague James Seyffart had increased their expectations for the approval of a spot-based ethereum ETF. “Update: [James Seyffart] and I are increasing our odds of spot Ether ETF approval to 75% (up from … Read more
Concerns were raised after a Bloomberg article reported Kraken was “actively reviewing” which tokens it could continue to list under the European Union’s upcoming MiCA framework. Go to Source