Tag
ETFS
Two of the largest banks in the United States have announced and unveiled their investment in Spot Bitcoin Exchange Traded Funds (ETFs), signifying a major cryptocurrency adoption by traditional financial outfits.
Bitcoin and the yellow metal rallied to a record high once again on Monday's trading session in volatile trading, as crypto mania and the appetite for the precious metal continued to sweep through the global financial space.
Bitcoin prices were driven higher early on Wednesday by buying demand and a reset in funding rates for perpetual contracts, which fueled a recovery in the broader market.
Bitcoin surpassed $65,300 on Monday morning, bringing it one step closer to its all-time high of $69K, which was reached in November 2021.
The price of bitcoin surged past $57,000 during the opening trading session of the week after a week of lackluster trading, as of this writing, the widely accepted crypto asset slightly decreased to $56,100, although it had still increased by more than 9% in the previous day.
One would imagine that the new year is some magical transition into a new realm rather than just another Monday morning come January 1st.
Most investors heaved a sigh of relief when 2022 finally came to an end.
Bitcoin inflows have experienced a significant surge, marking a potential turning point in the digital asset market and Exchange-Traded Fund (ETF) sector.
IOSCO encourages regulators, responsible entities, and trading venues to review and adopt good practices for ETFs
This is how the listed ETFs on the Securities and Exchange Commission performed between 10th and 17th June 2022.
VCG ETF, Meristem Growth and Greenwich Alpha ETF led the best performing Nigerian ETFs for the week.
In recent times, ETFs have gained a lot of attention, becoming a way to hedge against market declines seen from holding an individual stock.