Ark Invest president says bitcoin is now a 'public good' that all investors should have access to
Publishing timestamp: 2024-01-11 08:17:23
Summary
The U.S. Securities and Exchange Commission has approved rule changes allowing the creation of bitcoin ETFs in the U.S. Ark Invest, in partnership with 21Shares, will launch a bitcoin ETF with a fee of 0.21%, making it one of the cheapest offerings on the market. The approval has analysts bullish about the potential for massive gains in the cryptocurrency market. The ETF aims to remove barriers for investors and provide access to bitcoin at an attractive price point. The article also discusses the potential diversification and upside potential of bitcoin as an asset class.
Sentiment: POSITIVE
Keywords: markets, business news, investment strategy, ark innovation etf, breaking news: markets, u.s. economy, exchange-traded funds, breaking news: investing, bitcoin/usd coin metrics,
Source: https://www.cnbc.com/2024/01/11/ark-invest-president-says-bitcoin-is-now-a-public-good.html