The China stock market turned lower again on Wednesday, one day after snapping the three-day losing streak in which it had dropped more than 50 points or 1.7 percent. The Shanghai Composite Index now rests just above the 2,990-point plateau although it figures to rebound again on Thursday. The global forecast for the Asian markets...
London Stock Exchange (LSE) is set to lunch Bitcoin (BTC) and Ether (ETH) exchange-traded notes (ETNs) from May 28. The announcement follows FCA’s approval on March 11, to allow LSE list crypto offerings for pro investors. Announced Monday, LSE signalled that it would start accepting applications for physically-backed crypto ETNs from April 8. Further, the...
The Hong Kong stock market headed south again on Wednesday, one day after snapping the two-day losing streak in which it had stumbled almost 400 points or 2.5 percent. The Hang Seng Index now sits just beneath the 16,400-point plateau although it\'s expected to open in the green on Thursday. The global forecast for the...
Spot Bitcoin exchange-traded funds (ETFs) experienced net inflows yesterday, breaking a streak of five consecutive days of outflows. According to data from SoSo Value, spot Bitcoin ETFs saw a net inflow of $15.7 million on Monday. This reversal follows a series of single-day outflows last week. The largest outflows occurred on March 19 and March 20, with $326...
Robert Kiyosaki, best known for his book “Rich Dad, Poor Dad” has voiced his support for Bitcoin once again. On March 26, he described Bitcoin as “the perfect asset at the right time” but noted that it could also be a scam or a Ponzi scheme. The New York Times best-selling author, who has maintained...
The British pound weakened against most major currencies in the European session on Thursday. The pound fell to a 6-day low of 1.2586 against the U.S. dollar and a 3-day low of 190.57 against the yen, from early highs of 1.2637 and 191.26, respectively. Against the Swissf franc, the pound slid to 1.1399 from an...
Hong Kong is getting ready to follow the United States’ lead in approving Bitcoin spot ETFs for public trading, analysts at Bloomberg Intelligence suggest. The region’s regulators may go a step further than their Western counterparts, however, by permitting those funds to use an “in-kind” redemption model. What Are ‘In Kind’ Bitcoin ETFs? The redemption...
Hashdex Asset Management and Tidal Investments spot Bitcoin exchange traded fund (ETF) will begin trading later today in the U.S. under the ticker symbol DEFI. In an announcement, the firms said the Hashdex Bitcoin Futures ETF has been converted to the Hashdex Bitcoin ETF (DEFI). The ETFs new investment strategy will allow the fund to...
Indian shares rose notably on Thursday ahead of a long holiday weekend. Financial companies topped the gainers list after the Reserve Bank of India (RBI) modified the norms for their investment in alternative investment funds (AIF). The benchmark S&P BSE Sensex jumped 655.04 points, or 0.90 percent, to 73,651.35 amid a broad-based rally on the...
The Bitcoin bull cycle is still far from over with many large Bitcoin investors selling, as the market is entering a period of price correction, according to on-chain analytics platform CryptoQuant. Bitcoin, the world’s largest cryptocurrency by market capitalization, may have now entered into a period of price correction after the price reached an all-time-high...