The Latest Breaking News from ETF

Bitcoin price bolts to $42,000 for the first time in 20 months, leading a cryptocurrency rally. New Hut bitcoin miner reverses after merger.

However, Bitcoin's latest move also caused $190 million worth of liquidated derivates, $150 million of which was in short positions.

The price rally of Bitcoin, which started in October, also fueled speculations that it would touch $40,000 or higher by the end of 2023.

The recent COIN share sale by ARK's Fintech Innovation exchange-traded fund (ETF) is the biggest since July 25, 2023, when the ARK Next Generation Internet ETF sold over 53,000 COIN shares.

The latest BTC acquisition is MicroStrategy's second consecutive BTC purchase in the past couple of months since it acquired 155 BTC for around $5.3 million at the start of November.

Dow futures rose after the Dow Jones hit a 2023 high. Samsara led software earnings winners overnight. Cybertruck deliveries began, but Tesla fell amid details.

Novogratz said the approval of a spot Bitcoin ETF could drive billions to the crypto space.

Rising investments in digitization and rapid adoption of emerging technologies boost the tech industry's prospects. Therefore, investors seeking to capitalize on the industry tailwinds in a relatively less risky way could consider buying promising tech ETFs Innovator Growth Accelerated Plus ETF – July (QTJL), First Trust NASDAQ Technology Dividend Index…

Bloomberg Intelligence ETF analysts predict that there is a 90% likelihood that the U.S. Securities and Exchange Commission will approve the much-awaited spot Bitcoin ETF applications by Jan. 10.