BlackRock close to filing for a bitcoin ETF – CoinDesk
Written by on August 3, 2023
Oil retreated sharply once more despite Saudi Arabia’s weekend plans to cut crude output again, with many analysts seeing the solo move as partly a reflection of disagreements within the OPEC cartel.
The decision and the RBA’s hawkish policy statement had sent the Aussie rising 0.8% in the previous session, with governor Philip Lowe warning of more tightening on the cards because inflation was still too high.
At present, American investors currently looking to gain exposure to crypto on stock exchanges are limited to futures-based ETFs.
These funds track bitcoin futures contracts, which come with the additional costs of rolling over contracts on settlement days.
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