ETF Boom Leaves Thematic Funds Behind

Jan.02 — Thematic ETFs, which focus on industries like robotics, blockchain or cannabis, closed 2019 with about $51 billion under management, just 1% more than the previous high point for assets reached 15 months earlier, according to data compiled by Bloomberg Intelligence. By contrast, the overall U.S. ETF industry has grown 20% during the same period and now oversees $4.4 trillion. Bloomberg’s Ritika Gupta has more on “Bloomberg Markets: The Close.” UCIALMKvObZNtJ6AmdCLP7Lg Source link

Bitcoin’s 9,000,000% Rise

Dec.31 — Emerging out of the ashes of the financial crisis, Bitcoin has proved to be the decade’s best-performing asset. The largest digital token, trading around $7,200 has posted gains of more than 9,000,000% since July of 2010. Bloomberg’s Eric Lam reports on “Bloomberg Markets: European Open.” UCIALMKvObZNtJ6AmdCLP7Lg Source link

Gold-Backed Cryptocurrency Aims To Tap Stablecoin Appeal

Nov.21 — In this week’s “Commodity-In-Chief” on “Bloomberg Commodities Edge”, Alix Steel talks with Danny Masters, chairman of CoinShares, which is betting that trading a digital gold asset linked to bitcoin may provide investors with a sense of security. The launch of the product, called DGLD, included $20 million of the digital metal tied to an offset of bitcoin’s blockchain, with each token representing a 10th of a troy ounce. UCIALMKvObZNtJ6AmdCLP7Lg Source link