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Tag: ETF

An ETF is an investment fund that trades like a stock. Buying shares in one means purchasing a basket of securities, much like a conventional investment fund, but it trades on the stock exchange like a stock.

ARK Invest sells 1.4 million Coinbase shares amid an SEC investigation

The third-biggest stakeholder of the largest cryptocurrency exchange in the United States sold roughly $75 million worth of more than 1.41 million shares. Cathie Wood is departing from Coinbase (COIN) after accumulating shares of the cryptocurrency exchange progressively over the course of the year. Cathie Wood’s investment business, Ark Invest, sold more than 1.4 million Coinbase Global (COIN) shares on Tuesday, according to the company’s...

Coinbase, Cryptocurrencies, ETF, Exchanges, Front page

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Grayscale Bitcoin Trust to sue U.S. SEC for rejecting its ETF

Grayscale Bitcoin Trust, the first publicly traded bitcoin investment trust, sued the U.S. Securities and Exchange Commission for rejecting its application for a bitcoin exchange-traded fund (ETF). The SEC has been reluctant to approve any spot ETF, citing, among other issues, concerns about market manipulation. Grayscale Bitcoin Trust (GBTC) has long wanted to become an ETF, and is arguing that the SEC is acting “arbitrarily”...

Bitcoin, Crypto adoption, Cryptocurrencies, ETF, Front page

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If Bitcoin Falls Below $21,000, Microstrategy Will Be Forced To Sell Some Of Their Bitcoin

The company’s CEO said that if the bitcoin price drops below $21,000, they would have to sell some of their holdings because they cannot afford to buy back the shares using only cash. MicroStrategy (NASDAQ: MSTR) has been around for three decades. Over that time, the company has developed and deployed a series of business intelligence software solutions to help its customers gain insight into their businesses. The company’s first-quarter...

Bitcoin, Cryptocurrencies, ETF, Front page, MicroStrategy

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Crypto Market Sheds $134 Million in Bearish Week

This is the second bloodiest week of outflows this year after the $269 million outflows in the week ending January 10. The latest weekly outflow is almost 1.5 times higher than the weekly average of $94 million so far this year. CoinShares, a cryptocurrency asset manager found that the digital asset market lost $134 million in profit-taking in the week ending April 8. Bitcoin contributed a major $132 million out of the total investment outflow,...

$ADA, $SOL, Altcoins, Bitcoin, Cryptocurrencies, ETF, Front page, Polkadot

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Ric Edelman Reveals His 22 Predictions for 2022

December 28, 2021 08:00 AM Eastern Standard Time GREAT FALLS, Va.–(BUSINESS WIRE)–Ric Edelman, one of the most prominent thought leaders in the investment advisory field and founder of the Digital Assets Council of Financial Professionals, has revealed his 22 Predictions for 2022. “DACFP is committed to educating financial advisors about blockchain and digital assets, and helping them understand where this new asset...

Bitcoin, CBDC, Cryptocurrencies, DeFi, ETF, NFTs

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