The stock is “a textbook story of a Big Market Delusion,” he wrote.
Cryptocurrency advocates have been eagerly waiting for the regulator to approve the first spot bitcoin ETF.
Investors have yanked roughly $2.6 billion from thematic ETFs so far in 2023, on pace for their worst year of outflows.
Some of the biggest ETF companies are relying on the success of one key fund.
Perhaps the oft-maligned cryptocurrency can act as a store of value after all.
The $9 billion iShares MSCI USA Momentum Factor ETF is trailing the S&P 500 by the most ever on an annual basis.
More than $1.8 billion came out of the $39 billion iShares 20+ Year Treasury Bond ETF last week.
Naysayers are skeptical that a U.S. spot bitcoin fund would be a true game changer.
Buffer funds can shield against a wide range of losses should their respective gauges drop.
Strong labor data fueled fresh bets that the Federal Reserve would need to ramp up its monetary medicine.
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