Category: Gold

‘#DropGold worked’ — Grayscale ‘flippens’ world’s largest gold fund as AUM hits $60B

‘#DropGold worked’ — Grayscale ‘flippens’ world’s largest gold fund as AUM hits $60B

Bitcoin (BTC) and altcoin investment firm Grayscale now has more assets under management (AUM) than the world’s biggest gold fund. According to the latest data from issuer Grayscale, Grayscale now controls over $60 billion — $1.7 billion more than the leading gold fund, SPDR Gold Shares (GLD). Praise for Grayscale, futures ETFs Grayscale’s flagship Bitcoin […]

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Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds. The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the S&P 500 index, finding […]

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