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Bitcoin (CRYPTO: BTC) investors might recall a fine Wednesday last January when the first exchange-tradedfunds (ETFs) based on spot Bitcoin prices hit the Street. How Bitcoin ETFs reshaped the market The Winklevoss twins of Facebook fame filed the first application for a spot Bitcoin ETF way back in 2013.
Fear not, because the Securities and Exchange Commission (SEC) just sent out a fresh batch of invites in the form of 11 exchange-tradedfunds (ETFs) based on Bitcoin's real-time spot price. million 58 0.29% N/A Wisdom Tree Bitcoin Fund (NYSEMKT: BTCW) $2.4 billion 619,187 1.5% million 108 0.9% million 54 0.2%
I did in 2013 the largest banking transaction that the market had seen since the financial crisis, it was a $2.4 I remember telling myself, why would anyone invest in mutualfunds when you can buy an ETF instead? What percentage of the assets are in ETFs relative to mutualfunds? billion deal. RITHOLTZ: Wow.
For example, this particular episode, I'll be sharing an essay from January 2008, then we'll jump forward to 2012 and 2013. Further in 1951, the typical mutualfund held stocks in its portfolio for an average of six years. The holding period for actively managed equity funds today just one year. Some thoughts back.
For some quick background, our first original review was written in June of 2013 ( click here to see that). Most recently we revisited the topic with an update in November of 2020 ( click here ) as we climbed out of one of the wildest years in world history amidst a global pandemic.
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