Management company ProFunds has launched “the first US mutual fund to reflect bitcoin dynamics before expenses are paid”.ProFund’s Bitcoin Strategy involves buying CME-traded futures on the first cryptocurrency. No direct purchase of digital gold is envisaged. The CF Bitcoin-Dollar US Settlement Price Index is used as a benchmark.The instrument is available under the ticker BTCFX.The

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Bitcoin has suffered losses in recent days following a rejection above the $40,000 resistance level. Currently (time of this writing), the first cryptocurrency by market cap is trading at $39,414. In the weekly chart, Bitcoin has a gain of 21.1% due to a short squeeze that has bankrupted traders with short positions. In the derivatives

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Most BTC investors should have been pleased when looking at their portfolios this morning, as the number one cryptocurrency bulls were able to push the coin to over $40,000. One top analyst suggests that Bitcoin is now getting ready for a “mega-moon rally”. Is the next phase of the bull run really beginning?Bitcoin struggles to

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The XRP price has risen by more than 10% after Ripple announced the launch of its first on-demand liquidity (ODL) service in Japan.The price of XRP, native token of the Ripple network, has risen more than 10% in the last 24 hours, hitting a five-week high. XRP rose to $0.736 – a price level not

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PayPal intends to launch its own cryptocurrency wallet in the US within a few months. The head of the payment company, Dan Schulman, made the announcement during a Q2 2021 conference call.According to Bloomberg, Schulman said at Investor Day of the Year in February that PayPal plans to turn its app into a financial super

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Peter Doyle, co-founder of $7 billion asset manager Horizon Kinetics, told the Financial Times in a commentary that the company has bet on digital assets and real estate to protect against inflation.    “The world needs bitcoin or some cryptocurrency that doesn’t depreciate at the whim of banks or politicians. In the future, bitcoin will

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US mining company Stronghold Digital Mining, with a focus on green energy, expects to raise $105m in an IPO on Nasdaq.The stock may be listed under the ticker SDIG.Stronghold Digital Mining converts coal dumps into energy used to mine bitcoin. The Pennsylvania regulator, where the company is based, has given the energy carrier green status

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Coinbase is optimistic about the prospect of bitcoin-based exchange-traded funds (ETFs) being approved in the US as early as this year or 2022. The exchange said this in an industry overview of the first half of 2021 for institutional investors. Coinbase is optimistic about the prospect of bitcoin-based exchange-traded funds (ETFs) being approved in the

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Online broker Robinhood is developing a means to protect users from cryptocurrency market volatility. This was reported by Bloomberg, citing code found in a test version of the app for iOS devices.    “To protect your orders from price volatility, we can sometimes skip repetitive orders or buy at a lower amount than you choose,”

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