Bitcoin Futures ETF Debuts as Second-Highest Traded Fund Ever
At 9:30 a.m. Est on October 19, $ProShares Bitcoin Strategy ETF(BITO)$ launched on the the New York Stock Exchange (NYSE)— the first ever BTC (BTC) related fund available to U.S. investors. While some market participants have questioned the utility of the new product, it will offer people a new way to gain exposure to BTC via brokerage accounts.Shortly after the market closed, more than 23.9 million BITO shares traded, or nearly $1 billion based on the stock's closing price of $41.89, BITO had been the second-most heavily traded fund on record in a watershed moment for the crypto industry. The Securities and Exchange Commission (SEC) approved the new ETF as futures based, meaning they're derivative, based
SOFI: the world's leader of fintech and creativity🔥🔥🔥
Shares of$SoFi Technologies Inc.(SOFI)$ jumped out of the gate Monday, surging as much as 14.2%. As of 3:22 p.m. EDT, the stock was up 13.1%. The catalyst driving the digital financial services provider higherwas bullish commentary issued by a Wall Street analyst who began covering thestock. And in October 11, Morgan Stanley rated with an outperform rating and a new $25.00price target. Source: https://www.benzinga.com/stock/sofi/ratings WHO IS SOFI? As a "one-stop shop" for virtual banking, SoFi has gained popularity among young retail customers in recent years. It offers a wide range of financial services, including lending, cash management and investment solutions. The company is also courting in
$Sea Ltd(SE)$ Classic accumulation phase unfolding on this tik. We climbed in yesterday with common and Nov calls financed thru our credit spread strategy. Thus lowering our break even considerably. Be patient on this one and watch the time and sales for large odd lot order entries at the bid...that is your accumulation underway. Then the tik pulls back a tad, shaking out some retail. Then another odd lot series of orders. It is coiling for a run.....patience patience patience. "The stock market is a device for transferring money from the impatient to the patient" – Warren Buffett
$Tesla Motors(TSLA)$ Today is 5 years since we took delivery of our first Tesla ever (out of 5), a 2016 Model X. We’ve made so many new friends through the Tesla community and will never buy another brand again. Proud to be a #Tesla owner.