Plus, BlackRock has filed the necessary paperwork with the SEC to establish a spot Bitcoin ETF, which would be the first of its kind.
However, I could be down the road as some of what I see being developed holds significant potential.
Stocks Officially Enter New Bull Market
There's a lot to think about between T-bills, the debt ceiling, 0DTE VIX, geopolitical risks, the demise of the dollar and earnings, but are any worthy of a 'rant'?
Let's put the move in the cryptocurrency into a perspective I understand.
Let's take a close look at the Bitwise Bitcoin Strategy Optimum Roll ETF, its exposure to bitcoin, and ... Contango.
The crypto-based bank has delayed their annual SEC filing. Let's check the charts.
The list of money-losing 'growth' names that have become less 'growthy' and still seeing a boost in stock price is long.
The situation for bitcoin investors right now is tough, but as we look at the crypto exchange-traded funds and the digital currency, I see one good 'option.'
The crypto collapse and FTX fiasco has been a good reminder that the grass isn't always greener on the other side of the fence.