Day: October 17, 2024

Why 401(k) plans are the ‘final frontier’ for exchange-traded funds

boss

Momo Productions | Digitalvision | Getty Images While many investors have flocked to exchange-traded funds, they haven’t gained much ground with 401(k) plan participants. Exchange-traded funds, or ETFs, debuted in the early 1990s and have since captured about $10 trillion. Mutual funds hold about $20 trillion, but ETFs have chipped away at their dominance: ETFs hold a 32% market share versus mutual fund assets, up from 14% a decade ago, according to Morningstar Direct data. “ETFs are becoming the novel structure to be used in wealth-management-type accounts,” said David Blanchett,…

Kamala Harris’s Odds of Winning Take a Major Hit After Fox News Interview, Shaking up the 2024 Race

Following a ‘testy’ interview with Bret Baier on Fox News, Vice President Kamala Harris has seen her odds of winning the election drop sharply to 38.7%, according to Polymarket bettors. Meanwhile, former President Donald Trump’s odds have climbed to 61.3%, reflecting a significant shift in the race. Major Shift in Betting Markets Signals Changing Fortunes […] Source CryptoX Portal

New Grayscale ETF Aims To Include Major Cryptos: Bitcoin, Ether, Solana, And XRP

boss

Crypto asset manager Grayscale is in the process of converting its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), according to Bloomberg ETF expert Eric Balchunas.  The strategic move aims to provide investors with a diversified portfolio that includes major digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Avalanche (AVAX). Diversified Exposure To Bitcoin, Ethereum, And More The proposed ETF comes at a time when investor interest in regulated cryptocurrency products is on the rise. Grayscale’s Digital Large Cap Fund currently holds approximately…

Bitcoin Price (BTC) Decreased 1.2% While Ether Price (ETH) Fell 0.4% From Wednesday

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation.…

BNB Rejection At Key Level Hints At A Potential Price Correction

boss

BNB has faced a significant rejection at a critical resistance level, raising concerns among traders about a potential price correction. After an impressive rally, the momentum has faltered, leaving the cryptocurrency at a crossroads.  This key level has proven to be a formidable barrier, indicating that selling pressure may be increasing as bears step in. However, the big question is whether this rejection marks the beginning of a downward correction or if the bulls can muster enough strength to regain their footing and continue pushing higher. As the market navigates…

Polymarket Volume Hits Record $917M in October—How Much Higher Could It Go?

According to recent data, Polymarket’s October trading volume has already eclipsed September’s figures, with two weeks still remaining in the month. Impressively, the volume has hit a record high, approaching $1 billion in just over two weeks, ahead of the 2024 U.S. election. $917M and Growing: Analyzing Polymarket’s Record-Breaking October At the time of this […] Source CryptoX Portal

Kraken announces its own Wrapped Bitcoin on Ethereum

boss

Crypto exchange Kraken has joined the race for dominance in the realm of Wrapped Bitcoins, unveiling its own Ethereum-based token, kBTC. The landscape of Wrapped Bitcoins is becoming more crowded as U.S.-based crypto exchange Kraken has introduced its own Wrapped Bitcoin, just a month after its rival Coinbase made the same step. In a blog announcement on Thursday, Oct. 17, the San Francisco-based trading platform said the “kBTC” token is built on the Ethereum network, and “fully backed 1:1 by an equivalent amount of Bitcoin” held in Kraken Financial, a…

Ongoing Profit-Taking Could Slow Bitcoin’s (BTC) Move To Record High

boss

Long-term holders (LTH), defined by Glassnode as those holding coins or at least 155 days, could be the one taking profits, living up to their reputation of being smart traders or those that buy when prices are depressed and sell into a rising market. As of writing, LTHs hold only 500,000 BTC at a loss, which is a small fraction, considering they hold 14 million BTC as a cohort. Original

Bitcoin (BTC) Recedes to $67K as Crypto Market Sees Slight Dip

Bitcoin pulled back to $67,000 throughout the Asian and European mornings, showing signs of a consolidation following Wednesday’s jump above $68,000. BTC was about 0.7% lower in the last 24 hours as of the late European morning, trading just above $67,000. Other major tokens showed similar minor retracements, with the broader digital asset market dipping 1%, as measured by the CoinDesk 20 Index. For the time being, bitcoin appears to have avoided an outright rejection following its move above $68,000 on Wednesday and is instead taking a breather, as traders…