BlackRock’s Bitcoin exchange-traded fund (ETF) has narrowly outperformed the S&P 500 since launch despite subjecting investors to a drawdown nearly three times as deep. The iShares Bitcoin Trust, or IBIT, returned 67.74% from its Jan. 11, 2024 debut through Aug. 31, compared with 66.14% for Vanguard’s S&P 500 ETF, or VOO, on a total-return basis
Binance founder Changpeng Zhao (CZ) said that some of the speculative capital directed towards the artificial intelligence (AI) sector is beginning to return to the cryptocurrency market. Zhao’s assessment points to a recent trend of investors rotating capital among different high-risk asset classes. CZ stated that some of the “hot money” flowing into the AI
With tokenization of traditional assets such as stocks, bonds and real estate a growing industry, there are still some product areas it has yet to touch. Among them are catastrophe bonds, the specialized insurance products that pay out in the event of a major disaster, such as a hurricane or earthquake. That may be set
Record Equity Exposure Strengthens Diversification Case Record stock concentration has left household portfolios more exposed to an equity-market reversal, according to Grayscale Head of Research Zach Pandl. In a Sept. 1 assessment of digital assets and equity concentration, Pandl argued that crypto could diversify an increasingly crowded stock trade without replacing equities as a core