The recent approval of 11 spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has sent ripples of excitement through the global crypto community. This milestone has been heralded as a game-changer, with industry experts anticipating significant shifts in the market dynamics. Edul Patel, CEO & Co-founder of Mudrex, asserts, “The … Read more
Cathie Wood’s ARK Invest bought 4.3 million shares of ProShares Bitcoin Strategy ETF, which is popularly known as ‘BITO’ and tracks the price of futures tied to the world’s largest cryptocurrency, a trading note showed on Thursday. Based on the fund’s closing price on Wednesday, ARK’s stake is worth roughly $92 million, according to Reuters’ … Read more
Crypto assets over the last couple of years have gained spectacular popularity as a niche asset class. Cryptos have the potential to deliver mammoth-sized returns despite ultra-high volatility. There are various products in the market for investors that can help them participate in the new-age asset and brace volatility. Exchange-traded funds (ETFs) are one such … Read more
