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Elon Musk was accused of deliberately engineering Bitcoin’s rise to dump it for profits.
Elon Musk says Tesla’s sale of its 10% Bitcoin holdings was to prove the liquidity benefits of Bitcoin,
The activities of Tesla around Bitcoin contributed towards the rise of the token to unprecedented levels.
Elon Musk and Tesla Inc. have come under fire lately regarding their role in Bitcoin’s rise this year. Recently, founder of Barstool Sports Dave Portnoy accused Musk of profiting from a deliberate act of influencing the price of Bitcoin (BTC). He said Musk’s public comments in support of Bitcoin (BTC) were to cause a rise in the token, with plans to dump it when it eventually rises.
The ETFs included here feature funds that launched during the calendar month of March 2021.
Among them were the
VanEck Vectors Social Sentiment ETF (BUZZ) that was promoted by Barstool Sports Dave Portnoy (with $361 million in net assets) and the long-awaited
ARK Space Exploration & Innovation ETF (ARKX) (with $457.9 million in net assets) from Cathie Woods ARK Investment Management.
Aniket Ullal is VP, ETF Data and Analytics for CFRA, one of the world’s largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and analytics that was acquired by CFRA in August 2019.
Prior to starting First Bridge, he had product management responsibility for S&P’s US indices, including the widely followed S&P 500 and S&P/Case-Shiller indices. These indices have over $1Trillion in ETF assets tracking them.
Wilson warned: Falling equity valuations is what always happens at this stage of the recovery, and we see little reason to think it will be different this time. Having said that, the recent fiscal stimulus may provide one last final push higher as this money leaks into the market.
We would use that strength to
reduce positions in the more expensive parts of the market.
He said his team upgraded small caps near the pandemic low last April as his core thesis was that we would experience a V-shape recovery in the economy, and the government subsidy of the unemployment cycle would accrue to the bottom line of corporations, especially small caps. Since then, Russell 2000 has outperformed S&P 500 and Nasdaq 100 by 50% and 40%, respectively.
Barstool Sports Dave Portnoy has joined BUZZ and VanEck in launching a social media sentiment ETF.
Sentiment shown in social media and retail trader discussions could be a key to alpha - BUZZ CEO.
These are the three strategies BUZZ is using to tap into chatter on social media.
Since the start of 2021, markets have faced a new reality - the power of the retail trader.
Whether they are forcing hedge funds to back out of bets against unpopular stocks, sending shares in tiny companies up by 1,000%, or taking Bitcoin to the moon , these social-media-centered traders can move markets. January s almost unprecedented volatility was testament to that.