Understanding the structure of crypto ETFs is crucial for investors. The variety of options affects performance, volatility, cost, and taxes. Choose wisely.
So far, cryptocurrency is not outlined in the proposed P.E.L.O.S.I. Act, a bill that would ban members of Congress from buying and selling stocks, options and ETFs.
The sharp price swings triggered over $500 million in liquidations across the crypto market in the past 24 hours, nearly half of which stemmed from Bitcoin trades.
David Sacks, the White House-appointed ‘Crypto Czar," said Wednesday he tried convincing JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon of Bitcoin's (CRYPTO: BTC) value.
U.S. spot Bitcoin (CRYPTO: BTC) exchange-traded funds recorded $667.44 million in net inflows on May 19, marking the fourth consecutive day of positive momentum.
Investors ditched worries, boosting ETFs like VanEck SMH (+13%) on chip stock rally, Virtus BBC (+7%) on biotech hope, Simplify TESL (+31%) on Musk's focus, Invesco SPHB (+11.5%) on risk appetite, iShares IBIT (+9.2%) on crypto optimism. Market sentiment received boost from easing US-China trade tensions and news of no Fed Chair firing. S&P 500 recovered 80% of its post-April 2 sell-off, but warning signs remain with slowing private sector growth, declining consumer sentiment, and rising inflation expectations. ServiceNow (+20%) and Northrop Grumman (-15%) had divergent earnings, while Tesla (+31%) surged on Musk's promise to focus on making EVs. This week's action will be crucial.
Spot Bitcoin ETFs registered $442 million in net inflows on April 24, marking five consecutive trading days of positive flows and pushing the cumulative inflow above $2.5 billion for the week.
