Crypto ETFs have surged over the past week. Bitcoin neared $87,000 for the first time since January and has nearly erased its losses for the year after bottoming below $59,000 in June. Ether has staged a comeback of its own,
» Read more about: Crypto ETFs Are Surging, but Bitcoin Ether Aren’t the Big Winners »
The roughly 6.3-percentage-point move in Zcash (ZEC) over the last 12 hours is mainly the latest leg of a larger rally driven by new ETF/ETP products, strong institutional inflows, and a renewed privacy-coin narrative, amplified by technical breakouts and short-squeeze dynamics.
The clearest concrete catalyst is the new regulated Zcash products and the flows into them.
» Read more about: Zcash Surges 6.3% on ETFs, Privacy Narrative, Technicals »
Yesterday, I reported the news that Bitcoin had risen to approximately $86,000, hitting an eight-month high.
And this morning, I would like to look at another major change that was happening behind that rise.
On September 21, $998.95 million—nearly $1 billion—in capital flowed into U.S. spot Bitcoin ETFs in a single day.
Benchmark indices on Wall Street had a mixed session on Tuesday, September 22, with tech stocks continuing to see buying interest, while financial names underperformed, dragging the Dow Jones lower.
The Dow Jones ended the session lower by nearly 200 points, while the S&P 500 closed at the flat line. The Nasdaq Composite closed 0.5% higher at another record high,
In the previous two installments, I talked about what an ETF is and the mindset you should avoid when buying ETFs. This time, let’s look at the pros and cons of ETFs together.
All financial products are, in the end, just a “tool.” Whether a tool is good or bad depends on how the user uses it.
» Read more about: 11 Weaknesses of ETFs: Actually, 90% Can Be Solved with a “Strategy” »
On September 22, the US stock market saw the Nasdaq Composite Index hit a record high for the second consecutive trading day, driven by continued buying of AI-related stocks.
The Nasdaq closed up 0.45% at 27,244.28, the S&P 500 remained largely flat at 7,764.64, and the Dow fell 0.36% to 51,863.69.
While capital inflows into AI-related stocks pushed the indices higher,
In the latest close session, Energy Transfer LP (ET) was down 2.39% at $20.40. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
The energy-related services provider’s shares have seen a decrease of 0.85% over the last month, not keeping up with the Oils-Energy sector’s loss of 0.41% and the S&P 500’s gain of 1.27%.
» Read more about: Energy Transfer LP (ET) Stock Moves -2.39%: What You Should Know »
The Federal Reserve just hiked rates again. Cathie Wood’s response? Essentially a shrug.
The ARK Invest CEO, whose firm manages roughly $42 billion in assets, used her latest newsletter to argue that the Fed’s September 21 rate increase, a 25 basis point bump pushing the target range to 3.75-4%, is a sideshow compared to the deflationary force of technological innovation.
The Social Security earnings test is quietly clawing back your early retirement check every month you keep working, but three ETFs can plug that gap with income that arrives on the same schedule as the benefit you’re losing.
You started collecting your Social Security benefit at 63, then kept your paycheck.
Delaying Social Security to age 70 permanently boosts monthly benefits 24%, yet the program only replaces 40% of pre-retirement income.
Monthly-paying high-yield ETFs can help close the 30-point gap between Social Security’s 40% replacement rate and the 70-80% income retirees need.
» Read more about: Retiring Soon? Why High-Yield ETFs Are Just as Important as Social Security »
