Elite Investment Company Blog

A new force is behind shiba inu’s most recent price surge.

“I think we’re living on a sand castle financial system,” says former banker and fraud investigator Jared Bibler.

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

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

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

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.

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.