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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (182445)	1/8/2022 9:02:00 PM
From: TobagoJack	1 Recommendation Recommended By Pogeu Mahone Read Replies (2) \| Respond to of 217758

FUD, but am agnostic about BTC, which can go to 500K or 500, and neither would surprise me twitter.com Bitcoin ETF Goes From Boom to Bust After a Record U.S. Debut Vildana Hajric 8 January 2022, 05:53 GMT+8 The crypto bloodbath has transformed a famous Bitcoin ETF that launched the most successful debut ever into one of the biggest losers for an issuer in their first two months of trading. With a 30% drop, the ProShares Bitcoin Strategy exchange-traded fund, ticker BITO, is now one of the 10 worst performers when looking at returns two months after a public listing, Bloomberg Intelligence data analyzed by Athanasios Psarofagis show. Thank the wider retreat in digital currencies as the Federal Reserve readies to withdraw pandemic stimulus. Bitcoin, the largest digital asset by market value, lost more than 34% in the two months after BITO’s debut on Oct. 19, and is down significantly from a November peak of above $68,000 per coin. Since the start of the year, Bitcoin is roughly 10% lower. “Timing can be tough sometimes with ETFs,” Psarofagis said. “You aren’t hearing much about the performance flop of BITO since it went live.” Bitcoin BummerBITO ranks in top-10 worst performers when looking at 2-month returns after launch Source: Bloomberg Intelligence When it made its first showing, BITO saw turnover of almost $1 billion, which solidified it as the best debut behind only a fund that had pre-seed investments, Bloomberg data showed at the time. The fund also drew in $1 billion in assets in just two days, a record. For the crypto industry, it underscored pent-up demand for Bitcoin exposure in an ever-maturing institutional ecosystem. But BITO is down near 9% this week alone. And flows data show initial euphoria also hasn’t kept up. It hasn’t seen a single day of inflows since 2022 started. I think $BITO has the potential to hold two crowns👑👑. Most successful ETF launch & Worst performing ETF — George Aliferis (aliferis.eth) (@FintechOrama) October 27, 2021 The fund is based on futures contracts and was filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.” An ETF that directly holds Bitcoin does not yet exist in the U.S. due to a multitude of regulatory concerns. Still, Psarofagis says its performance thus far won’t necessarily impact future industry growth. “You can see some other ETFs had a rough start out of the gate but can still raise assets,” he said in reference to his list. (Updates with Bitcoin’s weekly move.) Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: maceng2 who wrote (182445)	1/9/2022 8:52:46 PM
From: maceng2	Read Replies (1) \| Respond to of 217758

<<For a start, if someone is ill, you treat them>> I remember my Mum telling my Dad that they should not be using talcum powder on the kids (us) back in the 1960's. The medical profession knew. Even back then. It just wasn't official. This story rings true imho. "*Over half a million people have died because they were denied access to cheap drugs that work.*" Maria Bartiromo tells it as it is. Maria Bartiromo: "That is Disgusting! I Know for a Fact Hydroxychloroquine and Ivermectin Work to Treat Covid" (VIDEO) (thegatewaypundit.com)