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Toroso Asset Management today launched the UPAR Ultra Risk Parity ETF (UPAR), expanding its line-up of risk parity ETFs with a new product aimed at investors looking for more upside.
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By Yasin Ebrahim Bitcoin’s fall from grace hasn’t quieted its supporters, who are confident the hunt for yield will land institutional investors at the popular cryptocurrency’s door as soon as fourth quarter.
“We’re looking at three volatile months, both up and down […] but I still think we’ll see $100,000 this year, probably in the fourth quarter,” Michael Venuto, chief investment officer for Toroso Investments, said in an interview with Investing.com.
This next big driver of demand that will ultimately revive the bull run for bitcoin won’t have anything to do with the popular cryptocurrency. In their hunt for yield, institutional investors will begin to seek out bitcoin and other cryptos.