Crypto caught in broad market selloff, food, restaurant companies feeling relief, U.S.-China trade deal is fragile, and more news to start your day.
The S&P 500 and Nasdaq slipped below their 50-day moving average for the first time in 138 trading days, and the Dow industrials capped their worst three-day drop since April.
Bitcoin's recent moves indicate a near-term target of $85,000.
HOOD posts sharp October gains as equity, options and crypto DARTs surge alongside rising platform assets and trading volumes.
Crypto mining stocks have silently crushed the stock market this year as many crypto mining companies pivot to artificial intelligence.
The CoinShares Altcoins ETF (DIME) has attracted $3.08 million in flows since its October launch, offering investors a regulated pathway to access alternative cryptocurrencies that now represent more than 40% of the digital asset market. According to the fund's prospectus, DIME provides equal-weighted exposure to 10 Layer 1 blockchain protocols.
Investors kept piling into regulated crypto products in October even as digital assets cooled, according to a new report from digital asset firm Fineqia International Inc (CSE:FNQ, OTC:FNQQF). Global exchange-traded products (ETPs) for digital assets ended the month with $212.7 billion in assets under management (AUM), down 2.5% from September's $218.1 billion, according to Fineqia analysis.
Altcoins are emerging as diversification tools for investors looking beyond bitcoin, with CoinShares International offering entry points as institutional adoption of blockchain infrastructure grows. Any cryptocurrency that isn't bitcoin qualifies as an altcoin, according to recent CoinShares research.
Experienced cryptocurrency investors know that when bitcoin and the asset class at large were younger that it was largely the territory of retail traders and speculators. Fortunately, crypto has grown up quite a bit.
Ireland's central bank imposed a fine of 21.5 million euros ($24.7 million) Thursday on crypto giant Coinbase over transaction monitoring failures, including some potentially linked to criminal activities.
On this week's episode of ETF Prime, Eric Balchunas, Bloomberg Intelligence senior ETF analyst, joins host Nate Geraci to discuss the most fascinating developments in the ETF industry, from the explosive success of crypto ETFs to the emerging “hot sauce arms race” in leveraged products.
The question facing institutional investors is no longer whether they can buy bitcoin, but how much belongs in their portfolios now that regulatory and accounting barriers have fallen.