Are The Bitcoin ETFs Eating Gold's Lunch? [Forbes]
U.S. Global Investors, Inc. - Class A (GROW)
US:NASDAQ Investor Relations:
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Source: Forbes
Bitcoin and gold were both top of mind at last week's 2024 Investment U Conference in Ojai, California, which I had the privilege of presenting at. There was a rumor circulating that the Bitcoin price rally was sparked by a large financial institution recommending a 2% to 3% weighting to some of its high-net-worth clients. I can't confirm this, but it's being reported that Bank of America and Wells Fargo are now offering the Bitcoin ETFs to certain wealth management clients, joining Charles Schwab, Robinhood and others. The price of Bitcoin pumped more than 45% in February, with around half of those gains recorded in the final week, as demand for the long-awaited spot Bitcoin ETFs hit a fever pitch. Combined daily trading volume for the 10 ETFs was a jaw-dropping $7.7 billion on Wednesday alone, fueled by institutional speculation and leveraged bets that pushed the price of the underlying asset to a near-record high. Trading volume for spot Bitcoin ETFs jumped to nearly $8 trilli
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News
- U.S. Global Investors, Inc. (NASDAQ: GROW) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
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- U.S. Global Investors Announces Merger of Europe-Domiciled Airlines ETF into the Travel UCITS ETF (TRIP), Expanding and Diversifying Investment Opportunities in Global Travel IndustryGlobeNewswire
- Gold's Bull Run Is Not Just A U.S. Dollar Story [Forbes]Forbes
GROW
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 4/24/24 - Form 13F-HR
- GROW's page on the SEC website