“We’ve said that for a 100% bitcoin fund, we prefer the spot. We have not filed for a 100% futures [fund]. For a 3% to 5% position, we think that futures are a reasonable access tool. But for a 100% position, we think that you want the spot,” said Schwartz. “We’re making our filings as strong and compelling as possible, and you’ve got to get over the different issues from the … [Read more...] about WisdomTree Adds Bitcoin Futures Exposure to Fund, Refiles for Spot ETF
exposure
Want Stocks With NFT Exposure? This ETF Has You Covered
New York-based Defiance ETFs is launching an exchange-traded fund (ETF) focused on non-fungible tokens (NFTs), according to a press release sent to CoinDesk.The fund will track the performance of an index, dubbed the BITA NFT and Blockchain Select Index, composed of NFT, blockchain and crypto stocks, including NFT marketplaces and issuers such as Coinbase and Playboy.The index … [Read more...] about Want Stocks With NFT Exposure? This ETF Has You Covered
Morgan Stanley Sees Facebook as Best Stock to Gain Exposure to the Metaverse
The metaverse will likely be a “next generation social media, streaming and gaming platform” and will operate initially as an advertising and e-commerce forum, according to a research note by Morgan Stanley published last week.The “addressable US consumer expenditure to monetize is large … at $8trln,” and the bank sees “~$5trln of consumer expenditure that could be digitized … [Read more...] about Morgan Stanley Sees Facebook as Best Stock to Gain Exposure to the Metaverse
Bitwise Launches Polygon Fund for Ethereum-Scaling Exposure
“For years, the excitement around crypto’s most promising use cases, including DeFi [decentralized finance] and NFTs [non-fungible tokens], has been muted by the fact that Ethereum simply isn’t built to handle it all yet,” Matt Hougan, Bitwise’s chief investment officer, said in a statement. Hougan sees Polygon as a platform to improve these issues. Source link … [Read more...] about Bitwise Launches Polygon Fund for Ethereum-Scaling Exposure
Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure
Banks should focus on blockchain technology and investors should increase their bitcoin holdings while trimming gold exposure, according to Jefferies Global Head of Equity Strategy Christopher Wood.“This concept of how [blockchain] has begun to eat conventional finance is why all banks should be focused on the technology to see how to try and profit from it rather than to wait … [Read more...] about Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure