31% of new crypto buyers influenced by friends. Why to be cautious
2023-04-28 11:23:00 About a third of new crypto investors in 2022 used a friend’s suggestion as their primary reason for buying, according to the FINRA Investor Education Foundation and NORC at the University of Chicago. Buying bitcoin, ethereum and other digital assets just on the basis of a friend’s recommendation may lead to trouble, experts […]
Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin
2022-04-30 Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public […]
Spot bitcoin ETF unlikely until at least mid-2022: Valkyrie Funds CIO
2021-10-28 13:23:08 An exchange-traded fund backed by physical bitcoin is still far off, says the man behind the second-ever bitcoin futures ETF. The Valkyrie Bitcoin Strategy ETF (BTF), an actively managed product that holds a mix of front-month bitcoin futures contracts, Treasurys, corporate bonds and cash, followed in ProShares’ footsteps last week. Valkyrie’s ETF launch […]
First bitcoin futures ETF rises 3% in trading debut on the NYSE
2021-10-19 06:37:06 Shares of the first U.S. bitcoin-linked exchange-traded fund rose in their trading debut Tuesday. The ProShares Bitcoin Strategy ETF, ticker “BITO,” jumped more than 3% to $41.44. The fund tracks CME bitcoin futures, or contracts speculating on the future price of bitcoin, rather than the crypto itself. That means investors in the ETF […]