Bitcoin prices have been on a wild ride recently.
Holding bitcoin has been an enriching experience for thousands of investors; unfortunately, not everyone has had easy access to the digital currency.
It’s been eight years since Cameron and Tyler Winklevoss submitted the first filing for a bitcoin ETF, the Winklevoss Bitcoin Trust.
For, in all those years since the Winklevoss filing, investors have been hoping for and anticipating a bitcoin ETF.
As of this writing, bitcoin has a market capitalization of more than $1.1 trillion; bitcoin futures have traded on the CME for over three years; and many reputable platforms, like PayPal and Fidelity, offer bitcoin trading and/or custody services.
Third—and perhaps most importantly as it relates to a U.S.-listed bitcoin ETF—Gary Gensler, the new SEC chairman, is seemingly much more supportive of cryptocurrencies than his predecessor.
Any one of those products could potentially be the first to market, or as some have speculated, multiple products could be approved at the same time.
One reason for that dynamic is that traditional investors have limited options for buying Bitcoin in their portfolios, and some appear to be trying to gain exposure through the handful of stocks that have embraced the technology.
Crown Prince Mohammed bin Salman said Aramco, the world’s biggest oil company which listed on the Saudi bourse in late 2019, could sell further shares including to international investors within the next year or two.
The S&P 500 and the Nasdaq were set to open slightly higher on Tuesday as investors geared up for earnings reports from Microsoft and Alphabet, while awaiting cues from the Federal Reserve on its monetary policy stance.
Alba, known for her roles in film “Fantastic Four” and TV series “Dark Angel”, in 2011 co-founded Honest, which touts its baby products as a safer alternative to those that use synthetic chemicals.
Kahina Abdeli-Galinier, previously the marketing director for Digital & Integration, was named Emissions Business Director to “build and manage a new business to methane emissions for oil and gas operations of our customers,” the memo said.
Ilker Bas, its chief executive officer, and three other employees were formally arrested on Monday, state-run Anadolu news agency reported.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
— Bank of Canada Governor Tiff Macklem said he remains committed to the central bank’s 2% inflation target, even as price pressures are expected to temporarily overshoot that goal.Macklem, in parliamentary testimony on Tuesday, cited the central bank’s long history of hitting that objective, and said he needs to worry about both upside and downside risks to its inflation outlook.The comments come after the Bank of Canada released new forecasts on April 21 that show the biggest persistent overshoot of its 2% target in at least two decades.“What can we do to assure Canadians that we will control inflation? We have a very clear mandate — we have a strong record now of 30 years of inflation targeting and we have consistently realized that objective,” Macklem told the House of Commons finance committee.At the same time, a full recovery will take time time to complete, and that will keep downward pressure on price gains, he said.Last week, Macklem justified his tolerance for above-target inflation by citing the central bank’s decision not to preemptively raise rates until the economy’s recovery from Covid-19 is complete.
Cohen, whose RC Ventures owns nearly 13% of GameStop, is leading the company’s transformation into an e-commerce firm that can compete with big retailers such as Walmart Inc, as well as technology companies like Microsoft Corp and Sony Corp.