Chart of the Day
The trillion-dollar market value club, which includes tech giants Apple, Microsoft, Amazon, and Google, has a new member: Bitcoin.The parabolic surge in market value came on the back of an influx of investments from mainstream institutions and listed companies that seek alternative treasury policy to hedge against a bleak global economic outlook.
Talk of the Town
A stellar start for North America’s first Bitcoin ETF. The new fund made its debut on the Toronto Stock Exchange last week and has collected $421 million in AUM by the end of Friday. A regulated, retail-friendly investment vehicle, Bitcoin ETF is definitely the product the crypto industry has been waiting for. Will the Canadian approval herald the beginning of the Year of the Bitcoin ETF?