BITS News and Press, Global X Blockchain & Bitcoin Strategy ETF From 11/09/22

Summary The fact that pension funds have allocated significant member capital to this madness reveals a dereliction of duty and the speculative madness that was. From March 2020 through March 2022, some 40% of purchases in Canada and the US were bought as second homes for investme...

Summary After rallying 9% off the October 12 bottom, the market pulled back last week but still sits 5.4% above the low point. Commodities are trouncing all other major asset classes on a YTD basis, largely due to the rise in oil, natural gas, and agricultural prices. The newe...

Summary Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expecting a unanimous vote for one last major rate increase. Inflation has hit double-digits and remains the ECB’s numbe...

Summary Crypto regulation has been widely discussed as one of the necessary steps for the digital asset market to mature and become truly mainstream. While mature industries often fear regulations because they believe they may stifle innovation, many crypto advocates are looking f...

Summary Sentiment, positioning, network activity, network growth and other on-chain indicators continue to trend favourably and appear positive for the long-term outlook for crypto and digital assets. Bitcoin miners currently pose meaningful downside risk to crypto markets, given ...

Summary Digital assets are a new and distinct asset class that, despite considerable volatility, is rapidly maturing. To analyse digital assets, we apply the lens of traditional finance (“TradFi”). By combining this framework - informed by decades of experience in eq...

Summary Major upgrades across smart contract platforms lay the groundwork for scaling blockspace availability without the $50 gas transactions that marked the last bull cycle. Smart contract platforms saw major protocol upgrades across multiple chains in September. These upgrades ...

Summary Blockchain technology enables secure, transparent, and immutable transactions of digital content in a decentralized manner. Blockchains have the potential to revolutionize a wide range of industries, including payments, capital markets, identity security, file storage, inf...

Cryptocurrency exchange-traded products, a security that tracks digital tokens like bitcoin ( BTC-USD ) and ethereum ( ETH-USD ) as underlying assets, saw the value of their assets under management slump during September as a tough macroeconomic environment along with heightened...

Up 9.1% to $7.81, Global X Blockchain & Bitcoin Strategy ETF (NSD:BITS), is one of today's notable movers. In the past 52 weeks, shares of Global X Blockchain & Bitcoin Strategy ETF have traded between a low of $6.12 and a high of $28.68 and is now at $7.81, which is 28% above that...