Market Outlook

The Wall Street bank is trying to pinpoint the fuel behind bitcoin’s latest rally.

And how should advisors approach it as an investment for their clients?

The bitcoin ETF marketplace is rapidly evolving, with a futures-based ETF most recently receiving SEC approval. When can investors expect a physical ETF?

The latest rally appears fueled by the successful debut on Tuesday of the first U.S. bitcoin futures exchange-traded fund.

According to ProShares, the fund’s sponsor, the new ETF’s assets shot to $570 million from $20 million on its first day of trading.

The ProShares Bitcoin Strategy exchange-traded fund started with $20 million of seed capital.

These ETFs could prompt more investors to buy futures. That would drive the futures curve further into contango.

Once the application is made, the SEC will have 75 days to review it.

While institutional investors have largely ignored the SHIB coin, the meme-token is rising thanks to its grassroots community.

Is crypto an investment, a currency – or neither? The nuance around crypto is exactly why many investors and advisors are drawn to it in the first place – but also why it can be so confusing.

Crypto is increasingly interconnected in the global financial system, regulators warn. But the potential knock-on effects of a crypto market collapse would be of their own making.

The Kiss star has veered heavily into crypto in recent years. It may have paid off handsomely.