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A legal milestone was reached this week in the cryptocurrency industry. Grayscale Investments, one of the world’s largest digital currency asset managers attained reporting company status for its Ethereum (ETH) trust from the Securities and Exchange Commission (SEC). The development is significant because it means that Grayscale will now operate the second investment vehicle to gain the status. Grayscale first made history when it attained the first publicly quoted Bitcoin (BTC) investment vehicle, Grayscale Bitcoin Trust (GBTC).
Any positive regulation news is a welcome sign for investors in an industry where just a few years ago, it was unheard of. The Grayscale news comes on the heels of positive news last week that payment firm Square (SQ) was investing 1% of the company’s assets into Bitcoin (BTC).
Both Bitcoin (BTC) and Ethereum (ETH) continue to trade constructively from a bull perspective. After running up last week on the Square (SQ) investment news. Bulls will want to see both hold firmly above the 50-day simple moving average (SMA) to confirm the intermediate trend remains intact.
Money is flowing back into stocks as investors hope for a better inflation report this week. The S&P 500 rose 1.9 percent between Friday, May 3, and Friday, May 10. It was the third straight positive week. More than four-fifths of the index's members advanced,...
Options are an important tool for many retail investors. They can either replace trading shares, or make it easier to position oneself in stocks. Let’s consider the first things options traders need to know. An Option’s Price Is Usually Called ‘Premium’ There are some...
Options are complex instruments that can swing sharply in value. Traders may find the moves confusing, so this article will help explain key "Greeks" -- some of the most important factors impacting the price of options. Greeks are Greek letters used in complicated...