Bitcoin ETFs could overtake gold ETFs in size within one month
Key Takeaways
- US Bitcoin ETFs are expected to surpass gold ETFs in size by Christmas, with current assets at $107 billion.
- BlackRock’s iShares Bitcoin Trust remains a key player this week, capturing 73% of net inflows into Bitcoin ETFs.
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US Bitcoin ETFs will soon catch up to gold ETFs in size if they maintain their current accumulation rate.
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Read MoreMedicare premiums rise for 2025, nicking retirees' Social Security checks
Seniors awaiting an increase in their Social Security checks next year may be upset to discover that a chunk of that extra money is already spoken for.
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Read MoreIt's Time to Look at 3 High-Yield Large-Cap Energy Stocks
The Oil/Energy market has been highly volatile, recently dropping below $70 per barrel. Concerns over weaker global demand, lackluster Chinese economic stimulus, and a surging U.S. dollar have weighed on market sentiment. On Thursday, Brent crude settled at $74.23 a barrel, while WTI finished at $70.10 — both still down on a year-to-date basis.
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Read MoreWall Street issues its most bullish S&P outlook yet for 2025
Wall Street’s high-water mark for the S&P 500 (^GSPC) projects a nearly 17% increase from current levels at the end of 2025.
On Monday, Deutsche Bank chief global strategist Binky Chadha issued a year-end target of 7,000 for the S&P 500, matching Yardeni Research’s call as the most bullish among strategists tracked by Yahoo Finance.
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Read MoreThe Burst
Most Undervalued Stock In Billionaire Portfolio
Third Point, founded by Dan Loeb, is no ordinary investment manager. It’s got $6.5 billion in assets under management and so when it makes a move it’s worth paying attention because you know the company has passed a lot of screens to be accepted into the portfolio.
But perhaps even more interesting is what stock in the portfolio ranks as the most undervalued of all and whether it’s a buy?
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Read MoreThe Ivy
Don’t Follow Buffett, Here’s Why
The decision to follow a billionaire investor makes intuitive sense. The logic goes something like this: A billionaire only became rich by making a series of decisions that grew their wealth, if I follow their next decisions, I can be rich too. It seems rationale but it can be hazardous to your portfolio.
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Read MoreThe Spotlight
Want $500 In Quarterly Dividends: 3 Ultra High Yield Stocks
In an inflationary environment where purchasing power is eroded with each passing day, dividend-paying stocks look ever more attractive. And while some income-oriented investors flock to well-known names for good reason, other stocks often fall under the radar yet offer ultra high yield dividends.
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