The application to flip the $40 billion Grayscale Bitcoin Trust (GBTC) lands on the same day as the ProShares Bitcoin Strategy ETF (BITO) debuts, becoming the first exchange-traded fund in the U.S. investing in futures on the digital asset.
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China’s recent regulatory crackdown has targeted specific sectors. Savvy investors should plot a more diversified approach that avoids sector and stock concentrations.
Bitcoin demand will exceed the inflows for QQQ, says Fundstrat Global Advisors' Tom Lee.
Ark Investment Management is looking for "the next FAANGs," Cathie Wood said.
ProShares announced it plans to launch its first Bitcoin-linked ETF on Tuesday on the New York Stock Exchange.
