Price volatility and rapidly shifting emotions that can lead to quick gains or losses can make cryptocurrencies overwhelm participants of stock and other traditional markets. However, given the increasing levels of crypto acceptance and the shift in public opinion on the significance of digital currencies in the future of Web3, more and more investors are eager to engage in this asset class.
Perfectly timed with the crashing price of Bitcoin, a new ETF will offer investors the opportunity to profit from the declining price of the leading cryptocurrency.
Patient Bitcoin investors have been wondering whether a bottom has finally taken place amid a challenging 2022 market for the broad cryptocurrency market. One analyst thinks that a bottom could come right around Christmas time.
Investors interested in crypto may understand that they may need to wait a while for the crypto winter to thaw, but it’s fair to say that the FTX drama and bankruptcy has rattled the industry. Those investors may be interested by the idea of keeping their Bitcoin in “cold” storage via the Bitcoin futures ETF pairing of the ProShares Bitcoin Strategy ETF (BITO ) and the ProShares Short Bitcoin Strategy ETF (BITI ).
VettaFi’s Slack isn’t the only thing blowing up. Our topic for this week’s watercooler chat with the VettaFi Voices is the ongoing fallout from the FTX implosion. With celebrities such as Tom Brady and Larry David being named in lawsuits, the quickly developing chaos is sending ripples that extend beyond the crypto world. How should investors make sense of the chaos? We asked the VettaFi Voices to get their take.
Tesla founder and CEO Elon Musk isn’t worried about the recent bitcoin pullback. Cryptocurrencies have been decimated all year, but Musk says that bitcoin in particular will make it through the “crypto winter.”
VettaFi’s head of research Todd Rosenbluth got active on Yahoo Finance to discuss tech’s ongoing slide, leveraged and inverse ETFs, and the performance of active funds, particularly on the fixed income side of the ledger.
Trading of the ProShares Bitcoin Strategy ETF (BITO ) was temporarily halted on Wednesday as investors, panicked by rumors that crypto exchange Binance might back out of a deal to buy rival FTX, triggered the limit up limit down rule as they left the ETF.
VettaFi financial futurist Dave Nadig appeared on Yahoo! Finance to discuss the recent ETF inflow surge. Global ETF inflows in October surpassed $111 billion, triple what they did in September.
With uncertainty still swirling about the economy, it’s an opportune time to get exposure to decentralized assets such as bitcoin. Dubbed “digital gold,” it provides investors with a safe haven amid the U.S. Federal Reserve’s tightening monetary policy.
2022 has been a wild year in the markets. With supply chains in disarray, an ongoing global pandemic, war in Europe, and fears of a worldwide recession, advisors were forced to navigate some rough economic waters. Here are the three biggest stories that reverberated throughout the year.
In sports, a stat-busting rookie year isn’t always a harbinger of future success. Some stars begin their storied careers by traveling a rocky path at the beginning en route to success, which could mean a similar fate for the ProShares Bitcoin Strategy ETF (BITO ).
Whether they meet the demise of the Securities and Exchange Commission (SEC) or not, crypto-focused exchange traded products (ETPs) have been on the rise as of late, showing that funds are betting on the long-term prospects of bitcoin.
The advent of the exchange-traded fund (ETF) has allowed for creative investments, leading to a rise in thematic funds and also opened the door for cryptocurrencies. However, one major roadblock has been the Securities Exchange Commission (SEC), which is facing a lawsuit from Grayscale Investments after denying a conversion of its Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF.
Bitcoin’s correlation to the stock market could finally be dissolving as 2022 comes to a close. The leading cryptocurrency has been experiencing less volatility these days compared to the fluctuations of the stock market.
Monetary policy tightening by the U.S. Federal Reserve has been pushing the greenback higher, but the dollar’s day in the sun could be limited. Alternative assets like bitcoin may be pushing higher as inflationary pressures could be subsiding.
Regulatory measures for the cryptocurrency market may seem like a detriment to an industry that’s been operating as a decentralized network, but they could also be a catalyst that could bring more investors to the space.
With interest rates rising in the U.S. the way they have been thanks to a hawkish Federal Reserve, it’s difficult to oust the almighty greenback. However, bitcoin is still outperforming certain currencies around the globe even with the recent pullback.
Bitcoin’s use as a medium of exchange is continuously on the move higher with certain countries adopting it as legal tender. The proliferation of its use could also see it take over international transactions on the Society for Worldwide Interbank Financial Telecommunications (SWIFT) network.
Bitcoin continued to match the moves of the broader stock market as its price faltered amid a hot inflation report that sent the Dow Jones Industrial Average tumbling as much as 1,200 points during Tuesday’s trading session.
Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions.
Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.
To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro.
VettaFi financial futurist Dave Nadig appeared with Spark founder and CEO Jim Wiandt, ETF Think Tank head of research Cinthia Murphy, and Bitwise CEO Matt Hougan for a special Future Proof edition of the Pennies From Heaven podcast.
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Commentary
Bitcoin May Bottom Out Around Christmas Time
ETF Database - 11/29/2022Patient Bitcoin investors have been wondering whether a bottom has finally taken place amid a challenging 2022 market for the broad cryptocurrency market. One analyst thinks that a bottom could come right around Christmas time.
With BITO and BITI, Put Your Crypto in Cold Storage
ETF Database - 11/21/2022Investors interested in crypto may understand that they may need to wait a while for the crypto winter to thaw, but it’s fair to say that the FTX drama and bankruptcy has rattled the industry. Those investors may be interested by the idea of keeping their Bitcoin in “cold” storage via the Bitcoin futures ETF pairing of the ProShares Bitcoin Strategy ETF (BITO ) and the ProShares Short Bitcoin Strategy ETF (BITI ).
VettaFi Voices: The FTX Fallout and Investors
ETF Database - 11/18/2022VettaFi’s Slack isn’t the only thing blowing up. Our topic for this week’s watercooler chat with the VettaFi Voices is the ongoing fallout from the FTX implosion. With celebrities such as Tom Brady and Larry David being named in lawsuits, the quickly developing chaos is sending ripples that extend beyond the crypto world. How should investors make sense of the chaos? We asked the VettaFi Voices to get their take.
Musk Says Bitcoin "Will Make It" Despite Crypto Winter
ETF Database - 11/17/2022Tesla founder and CEO Elon Musk isn’t worried about the recent bitcoin pullback. Cryptocurrencies have been decimated all year, but Musk says that bitcoin in particular will make it through the “crypto winter.”
Rosenbluth Gets Active on Yahoo Finance
ETF Database - 11/16/2022VettaFi’s head of research Todd Rosenbluth got active on Yahoo Finance to discuss tech’s ongoing slide, leveraged and inverse ETFs, and the performance of active funds, particularly on the fixed income side of the ledger.
BITO Halts, Restarts Trading As FTX Deal Collapses
ETF Database - 11/10/2022Trading of the ProShares Bitcoin Strategy ETF (BITO ) was temporarily halted on Wednesday as investors, panicked by rumors that crypto exchange Binance might back out of a deal to buy rival FTX, triggered the limit up limit down rule as they left the ETF.
Yahoo Finance: Dave Nadig on Global ETF Inflow Surge
ETF Database - 11/09/2022VettaFi financial futurist Dave Nadig appeared on Yahoo! Finance to discuss the recent ETF inflow surge. Global ETF inflows in October surpassed $111 billion, triple what they did in September.
Decentralized Asset Accumulation May Buoy Bitcoin
ETF Database - 11/09/2022With uncertainty still swirling about the economy, it’s an opportune time to get exposure to decentralized assets such as bitcoin. Dubbed “digital gold,” it provides investors with a safe haven amid the U.S. Federal Reserve’s tightening monetary policy.
3 Big Stories & What Impacted the ETF World in 2022
ETF Database - 11/02/20222022 has been a wild year in the markets. With supply chains in disarray, an ongoing global pandemic, war in Europe, and fears of a worldwide recession, advisors were forced to navigate some rough economic waters. Here are the three biggest stories that reverberated throughout the year.
Despite Tough Year, Bitcoin Futures ETF Still Standing
ETF Database - 10/27/2022In sports, a stat-busting rookie year isn’t always a harbinger of future success. Some stars begin their storied careers by traveling a rocky path at the beginning en route to success, which could mean a similar fate for the ProShares Bitcoin Strategy ETF (BITO ).
Crypto-Focused ETPs Show Faith in Bitcoin
ETF Database - 10/20/2022Whether they meet the demise of the Securities and Exchange Commission (SEC) or not, crypto-focused exchange traded products (ETPs) have been on the rise as of late, showing that funds are betting on the long-term prospects of bitcoin.
Grayscale Pushes Back Against SEC's Spot Bitcoin Denial
ETF Database - 10/17/2022The advent of the exchange-traded fund (ETF) has allowed for creative investments, leading to a rise in thematic funds and also opened the door for cryptocurrencies. However, one major roadblock has been the Securities Exchange Commission (SEC), which is facing a lawsuit from Grayscale Investments after denying a conversion of its Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF.
Bitcoin Shows Signs of Less Stock Market Correlation
ETF Database - 10/13/2022Bitcoin’s correlation to the stock market could finally be dissolving as 2022 comes to a close. The leading cryptocurrency has been experiencing less volatility these days compared to the fluctuations of the stock market.
Bitcoin Goes Above $20,000 as Dollar Stumbles for Now
ETF Database - 10/06/2022Monetary policy tightening by the U.S. Federal Reserve has been pushing the greenback higher, but the dollar’s day in the sun could be limited. Alternative assets like bitcoin may be pushing higher as inflationary pressures could be subsiding.
Regulatory Measures Might Provide Catalyst for Bitcoin
ETF Database - 10/03/2022Regulatory measures for the cryptocurrency market may seem like a detriment to an industry that’s been operating as a decentralized network, but they could also be a catalyst that could bring more investors to the space.
Despite Recent Drop, Bitcoin Is Outperforming
ETF Database - 09/29/2022With interest rates rising in the U.S. the way they have been thanks to a hawkish Federal Reserve, it’s difficult to oust the almighty greenback. However, bitcoin is still outperforming certain currencies around the globe even with the recent pullback.
Bitcoin in International Transactions Should Continue
ETF Database - 09/23/2022Bitcoin’s use as a medium of exchange is continuously on the move higher with certain countries adopting it as legal tender. The proliferation of its use could also see it take over international transactions on the Society for Worldwide Interbank Financial Telecommunications (SWIFT) network.
Inflation Report Opens Up Bitcoin Buying Opportunity
ETF Database - 09/15/2022Bitcoin continued to match the moves of the broader stock market as its price faltered amid a hot inflation report that sent the Dow Jones Industrial Average tumbling as much as 1,200 points during Tuesday’s trading session.
Best & Worst Monthly Performers: September 14 Edition
ETF Database - 09/14/2022Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro.
Dave Nadig Joins "Pennies From Heaven"
ETF Database - 09/12/2022VettaFi financial futurist Dave Nadig appeared with Spark founder and CEO Jim Wiandt, ETF Think Tank head of research Cinthia Murphy, and Bitwise CEO Matt Hougan for a special Future Proof edition of the Pennies From Heaven podcast.