The Latest Breaking News from ETF

The year 2023 will be remembered as turbulent for cryptocurrencies, with numerous important developments that ultimately helped to “clean up” the space to potentially make it more attractive to mainstream investors. Notably there was the conviction of FTX CEO Sam Bankman-Fried for fraud.

ARK Innovation (ARKK), spearheaded by Cathie Wood's ARK Invest, continues to prosper owing to its robust market outperformance, strategic Tesla (TSLA) additions, upbeat analyst sentiment, and optimism for a bitcoin ETF. Among all of this, let's see if ARKK might be a wise investment. Read on….

ARK Invest purchased over 105,000 shares of Tesla while simultaneously selling off COIN shares worth over $25 million Wednesday.

Key U.S. financial institutions, such as JP Morgan, Jane Street Capital, Virtu Americas and Cantor Fitzgerald, are among the authorized participants for spot Bitcoin ETF issuers.

The investment bank would serve as an “authorized participant” for the exchange-traded funds.

In the absence of real information about when the SEC will arrive, crypto Twitter is in a frenzy of rumor and speculation.

Amid potential market pressures from macroeconomic and geopolitical factors, investors looking for stable returns can consider investing in large-cap growth ETFs, Vanguard Growth ETF (VUG) and Invesco QQQ Trust, Series 1 (QQQ). Read more….

The agency, which has rejected spot Bitcoin ETF applications in the past, is expected to approve the new set of issuers in a move that will unlock opportunities and provide access for traditional investment in the world's largest cryptocurrency asset by market capitalization, Bitcoin.

Matrixport's research created a market shakeup, causing Bitcoin to erase its gains from the previous day and trade in the red zone.