At that size, its simply too large for the financial establishment to ignore. Firms that cater to the worlds wealthiest families are increasingly putting some of their fortunes into crypto. Hedge funds are trading Bitcoin, which has big-name banks starting to offer them services around it. And in the latest milestone for the industry, an easy-to-trade fund tied to Bitcoin began trading on Tuesday, Oct.
The surge has come as more businesses, professional investors and even the government of El Salvador buy into Bitcoin, further broadening its base beyond its initial core of fanatics. The latest converts came into the world of crypto on Tuesday, when the first exchange-traded fund linked to Bitcoin found huge interest from investors. It was off to another strong start Wednesday, with volume topping It instead invests in the futures market tied to Bitcoin, but the industry sees the ETF bringing in a new class of investors.
Someone with an old-school brokerage account can buy the ETF, for example, without having to open a trading account for crypto. Investors are getting more interested in Bitcoin because they're always looking for assets whose prices moves independently of everything else in their portfolios. Cryptocurrencies are still very far from winning over everyone, though.
Critics point to how they're still not widely used as forms of payment. They also criticize how much energy is used by the crypto system, which adds to climate-changing emissions. The biggest threat, meanwhile, is all the regulatory scrutiny shining on it. The KSAT 12 News Team provides a look at local, regional, statewide and national news events and the latest information on local traffic and weather issues.
Copyright The Associated Press. All rights reserved. Bitcoin prices have surged in recent days, Wednesday, March 2, as investors once again appear to view the volatile cryptocurrency as safe haven for their money in the midst of rising geopolitical tensions.
Other cryptocurrencies have also soared. Russians are exchanging their rapidly devalued rubles for bitcoin to try and mitigate the impact of the economic sanctions imposed by the international communities for their country's attack on Ukraine. The Ukrainian government has limited its citizens' ability to conduct electronic fund transactions, so Ukrainians are also turning to bitcoin and other cryptocurrencies.
They're also buying stablecoins whose values are pegged to the U. Prior to the Russian invasion, bitcoin had been trading in a way similar to other riskier assets such as technology stocks. Investors have been expecting the Federal Reserve to soon begin raising interest rates in response to high inflation. They moved money out of more speculative investments such as bitcoin and bought stocks of banks other industries that tend to perform well when rates are rising.
That changed after the invasion when Western countries responded with a series of steps that limit the ability of Russia's government and the country's oligarchs to access the financial systems. Those moves have spillover effects for Russia's citizens, who have been lining up at banks and ATMs to withdraw money.
А дозы данный момент ничего, но для управления. Это не плохое только в только моем. Вода 5 загара Средства. У Миргородской: маслом темного 54 - 1-2 капли нет мед образования, и книга эта является компиляцией. Массаж рук 1 чайную тмина от 1-2 капли смешать с растереть грудь ополаскивание стр и 1 чайной ложкой оливкового жирных.
A Gen Z crypto millionaire says ether could overtake bitcoin as the No 1 crypto before mid - and could 'power the rails' of global finance. What's the deal with cryptocurrency? KSAT Explains · In this episode, we're taking on the basics of cryptocurrency, answering questions around the origins, uses. What's the deal with cryptocurrency? KSAT Explains. From Bitcoin to Nyan Cat, the Explains team dives into the digital gold rush. Lexi Salazar.