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Cathie Wood of ARK Says Bitcoin Has Trillions in Market Cap Potential
New technology is upending everything in finance, from saving to trading to making payments. By John Detrixhe Future of finance reporter. Sign me up.
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Update your browser for the best experience. Investors may be growing wary of sky-high valuations, while recent rises in Treasury yields could dim the allure of stocks and other comparatively risky investments. Recently popular exchange-traded funds ETFs focused on industries such as blockchain, cannabis and renewable energy have also taken a hit in the past week-and-a-half, with some investors growing skittish.
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- The largest cryptocurrency advanced as much as 5.4 per cent to about $50,557 in Asian trading.;
Some investors may have been preparing for downside in the ETF. Despite recent weakness, outflows from the fund have been minimal, according to research from Christopher Murphy, co-head of derivatives strategy at Susquehanna Financial Group. Many assets whose prices gyrated on Tuesday have experienced blistering rallies over the last year.