Form NPORT-P ETF Series Solutions For: Feb 28 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Want to know how to jet Bitcoin to $100K or higher? Introduce a full-fledged ETF that allows less sophisticated retail market participants to get a piece of the action.
Will it happen? The short answer is Yes. The long answer is Yes definitely. The stars are probably aligning in that direction and the signs are popping up everywhere.
The main factor is simply that Wall Street has started to figure out how to make money off of growing excitement about Bitcoin. Several years ago, this wasn’t the case, so they told the world it was just phony money and the plaything of black-market commercial interests – nothing respectable.
Riding The Bitcoin Wave: PIFI ETF Changes Ticker To BTC
The move may be part of a grander plan by Grayscale to convert GBTC into a bitcoin ETF.
Author:
Apr 16, 2021
The move may be part of a grander plan by Grayscale to convert GBTC into a bitcoin ETF.
Some companies will do anything to jump on the latest crypto craze. A few years ago, it was the blockchain craze. Companies, such as Riot Blockchain, changed their name just to jump on the trend. Yes, some pivoted their business plans, but nothing generated more immediate returns than the word blockchain itself.
Bitcoin-ETF frenzy heats up with grayscale deal moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.