Entertainment stocks such as video game company Liquid Media Group Inc., and virtual reality-focused Integrated Media Technology Ltd. have rallied off potential to tap the NFT space.
At least four firms now have live applications for an exchange-traded fund tracking Bitcoin, with WisdomTree Investments joining their ranks late last week.
Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund.
Grayscale Investments has posted at least nine ETF-related positions to LinkedIn, signaling it is anticipating a green light from the Securities and Exchange Commission for a crypto ETF.