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Showing 1 - 10 of 159 results for "Bitcoin"

Bitcoin returns 147%, outshines bull market

KARREN VERGARA  |  FRIDAY, 10 JAN 2025
Bitcoin reaped nearly four times more in returns compared to US equities during 2024, achieving 147% and trumping all the major asset classes. According to a VanEck and Bloomberg analysis, US equities delivered 38.2% for the year while global equities ...

Bull market buoys super funds' 2024 returns

MATTHEW WAI  |  WEDNESDAY, 8 JAN 2025
... this exposure by buying from motivated sellers at deep discounts." Shelley also added the ground-breaking investment in Bitcoin through its Dynamic Asset Allocation program has made a "positive contribution". Meantime, ASFA chief executive Mary Delahunty ...

AMP defies super fund herd with Bitcoin bet

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
AMP has dared to go where no super fund has gone, taking the plunge with a "modest allocation" to Bitcoin, even as other industry heavyweights stand resolute in their rejection of the digital asset. Last week, AMP senior portfolio manager Steve Flegg ...

ETF industry scales to new heights: VanEck

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... relatively subdued activity as investors explored opportunities outside the local market, VanEck said. It also noted that Bitcoin briefly exceeded the US$100K mark in November, driven by a series of positive developments in the US. "The current euphoria ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... Trade offered a "margin extension" product, which allowed payments to be made and repaid in either digital assets like bitcoin or national currencies, without a target market determination (TMD). The Federal Court, however, found that the product was ...

Gensler to leave SEC in January

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2024
... regulation of cryptocurrency. Most cryptocurrencies have surged on the back of Trump's election win, with the price of Bitcoin now over $150,000. Bloomberg reported recently that Trump is expected to create a White House role dedicated to overseeing ...

Australian ETFs reach $233bn in FUM

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... positive market movements, pushed the Australian ETF industry to a new all-time high in assets under management. VanEck said bitcoin, viewed by many as a "Trump trade", had a blistering month, consistent with the "Uptober" trend that has often seen the ...

Monochrome launches Ethereum ETF

ANDREW MCKEAN  |  TUESDAY, 15 OCT 2024
... the past year, buoyed by a falling interest rate environment, increased investor risk appetite, and strong flows into Bitcoin ETFs. Crypto loans Monochrome Capital, a sister company of Monochrome Asset Management, is settling its first major loan today. ...

Australia's best-performing super fund says no to crypto

ANDREW MCKEAN  |  FRIDAY, 4 OCT 2024
... we look at," he said. He pointed out that in the last 37 years, the ASX has had 21 days where it dropped more than 5%; Bitcoin has experienced drops of over 5% on 96 occasions in just the past five years. "The challenge with the volatility of cryptocurrencies ...

Monochrome moves to list Ethereum ETF

ANDREW MCKEAN  |  FRIDAY, 6 SEP 2024
... Ethereum ETF (IETH) would passively hold Ethereum, which is the second-largest cryptocurrency by market capitalisation after Bitcoin. Subject to approval, Monochrome anticipates that IETH will be quoted on Cboe Australia by the end of the month. IETH ...
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