Bloomberg Analyst: Wall Street ETFs Poised for Success Thanks to Bitcoin ETF Leadership
Eric Balchunas, a senior ETF analyst at Bloomberg, said in a post on the X platform that cottage-coin ETFs can all be niche successes thanks to the Bitcoin ETF leadership.
He wrote, “All I can think of is that Litecoin should be like Local H, Solana is better than Ezra, XRP is Spacehog, and Doge is King Missile.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Traders are betting on rising US Treasury yields, short positions surge and push up repo costs
Short positions on government bonds continue to increase, driving up the cost of repo borrowing.
Mattel, the maker of Barbie dolls, surges 19%! Acquired by Authentic Brands Group with an offer possibly exceeding $20 per share
According to media reports, Authentic Brands Group has privately approached Mattel to discuss an acquisition offer. The bid could exceed $20 per share, corresponding to an overall valuation of around $6 billion or higher. There is no guarantee that both parties will eventually reach an agreement. Additionally, with a new CEO about to take charge at Mattel, whose strategic plans have yet to be clarified, the potential deal may become even more complex.
The British Pound slides again as UK government bonds sell off
Horace Mann Completes Acquisition of Employee Services
Crypto prices
More
