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Vanguard called Bitcoin an immature asset class
Investment company Vanguard has confirmed its decision not to launch Bitcoin exchange-traded funds (ETFs), stating that this type of cryptocurrency is considered an "immature" asset and does not align with the company's strategy.
Bitcoin is gaining strength ahead of an anticipated rise to the $60,000 level.
According to cryptocurrency analyst known by the pseudonym PlanB, the recent decline in the price of the leading cryptocurrency, Bitcoin, can be explained by its current build-up of strength ahead of an upcoming surge to the $60,000 level.
Bitcoin has surpassed silver to become the second-largest asset among American ETFs.
Bitcoin now holds the second position in terms of Assets Under Management (AUM) among commodity assets on American exchanges, surpassing silver. AUM represents the total market value of investments managed by individuals or entities on behalf of investors and is considered a crucial indicator of a f...
Research: 12% of Salvadorans Use Bitcoin for Purchases
According to the Central American University named after Jose Simeon Canas in El Salvador, 12% of the country's residents have used Bitcoin at least once to pay for goods and services during the year 2023. This annual survey was conducted among 1280 Salvadoran citizens in December 2023. Among those ...
Tokenized Fund Adoption Grows but Brings Technology Risks
A recent report from analysts at a credit-rating agency highlights that technology providers offering tokenization services have a limited history, which could contribute to an elevated level of risk. Moody's Investor Services cautioned that while the adoption of tokenized investment funds is increa...