The U.S. Securities and Exchange Commission has pushed for bitcoin exchange-traded funds to be fundamentally different from large equity funds, and the impact of that decision on how the funds will be traded remains to be seen. Bitcoin funds, which launched on Thursday, use a share buyback process that turns the underlying crypto into cash. … Read more
The U.S. Securities and Exchange Commission on Wednesday approved rule changes that will allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give investors regular access to the controversial and volatile cryptocurrency. The decision is likely to lead to the conversion of Grayscale Bitcoin Trust, which holds about $29 … Read more
Here are the top news investors need to start their trading day: 1. ‘Wait and See’ Stocks have struggled for momentum so far in 2024, with the Dow Jones industrial average down nearly half a percent in the first six trading days of the new year. The S&P 500 fell 0.25% year-to-date and the Nasdaq … Read more