| From: Julius Wong | 3/19/2021 9:18:37 AM | | | | | | Bitcoin ETF hits $1 billion AUM
Mar. 19, 2021 8:40 AM ET Bitcoin USD (BTC-USD) By: Jason Capul, SA News Editor 7 Comments
Purpose Bitcoin ETF, the first-ever launched bitcoin ( BTC-USD) exchange traded fund, has just crossed the $1b assets under management threshold. The ETF was created to help bring cryptocurrency to the mainstream.
CEO of Purpose Investments, Som Seif, stated, “When we launched Purpose Bitcoin ETF, we knew we were filling a void in the market. Hitting this milestone so quickly proves that investors are seeking convenient, safe access to cryptocurrencies and shows their confidence in our ETF as the premier vehicle for that exposure.”
Bitcoin, which has been on a tear this year, is currently trading just over $59,000 and is up over 100% YTD. See below a chart of bitcoin’s performance against the S&P 500 over a one-year period.
The Canadian exchange traded fund was the first launched bitcoin ETF, and it’s the only ETF that invests in and holds 100% physically settled Bitcoin. |
| | Effective Collaboration - Team Research for Better Returns: | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: Julius Wong | 3/20/2021 7:52:25 AM | | | | | | CIIG Merger Corp. Announces Stockholder Approval of Business Combination With Arrival S.à r.l;
Ordinary Shares of the Combined Company Expected to Begin Trading on Nasdaq Under the Symbol “ARVL” on March 25, 2021
NEW YORK & LONDON--(BUSINESS WIRE)--CIIG Merger Corp. (“CIIG”) (NASDAQ: CIIC), a US publicly-traded special purpose acquisition company, today announced that its stockholders voted to approve the previously announced business combination with Arrival S.à r.l. (“Arrival”), the global company creating electric vehicles with its game-changing technologies. The vote took place during a Special Meeting today, and a Form 8-K disclosing the final voting results is expected to be filed with the Securities and Exchange Commission today.
The closing of the business combination is anticipated to take place on March 24, 2021. Following this, the combined company will be renamed Arrival and its ordinary shares and warrants will trade on the Nasdaq Global Select Market beginning on March 25, 2021 under the ticker symbols “ARVL” and “ARVLW” respectively. |
| | Effective Collaboration - Team Research for Better Returns: | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: The Ox who wrote (6224) | 3/21/2021 12:59:09 PM | | From: Cogito Ergo Sum | | | | There is a fear of rates divide between the younger set and I mean 40-50 year olds and younger that never really encountered actual HIGH rates.. There is an initial blowback.. then a realisation .. Just do not panic at the wrong time :)
Boomer.. first Mortgage 10.,25.. upped to 12.75 after one year for 3 year term.. then dropped like a stone...
Tech is such a HEAVY weight on rising rates.. it cannot be discounted.. and is only getting stronger... |
| | Effective Collaboration - Team Research for Better Returns: | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: Julius Wong | 3/22/2021 3:30:27 PM | | | | | | Longview Acquisition Corp. II inches up after IPO even as sister SPAC’s gains top 80% (update)
Mar. 19, 2021 11:30 AM ET Butterfly Network Inc - Class A (BFLY) By: Jerry Kronenberg, SA News Editor 1 Comment
Hedge fund Glenview Capital Management’s second SPAC inched up Friday on its first trading day since going public even as the firm’s first special purpose acquisition company continued to enjoy 80%+ gains.
Longview Acquisition Corp. II (LGV.U) rose 0.1% to close at $10.01 on the New York Stock Exchange after raising an upsized $600M through an initial public offering.
The IPO comes as Butterfly Network (NYSE: BFLY), a medical-imaging company that sister SPAC Longview Acquisition Corp. I bought in February, gained as much as 5.4% intraday before closing at $18.12, up 1.1% on the day.
BFLY, which took over Longview Acquisition Corp. I’s New York Stock Exchange listing when the deal closed, has risen more than 80% since the companies announced their merger in November.
Butterfly jumped 16.9% in a single session on Feb. 17 after Ark Investment Management's Cathie Wood said in an interview that she liked the stock.
As for Longview Acquisition Corp. II, the new SPAC sold investors 60M investment units at $10 apiece, each consisting of one Class A share and 0.2 warrants* entitling holders to a buy a second share in future at $11.50.
Glenview upsized the IPO from the 50M units that the SPAC originally planned to offer.
The SPAC wrote in an S-1 filing with the U.S. Securities and Exchange Commission that “while we may pursue an acquisition opportunity in any business … we intend to focus on the industries that align with the background of the sponsor, with a particular emphasis placed on the healthcare sector.”
Other possible target areas include industrials, consumer, media, technology and technology services, according to the S-1.
The new SPAC’s units are trading on the New York Stock Exchange under the symbol "LGV.U." Its shares and warrants will also eventually list separately as “LGV” and “LGV.WS,” respectively. |
| | Effective Collaboration - Team Research for Better Returns: | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Sultan who wrote (6230) | 3/22/2021 11:10:33 PM | | From: Sun Tzu | | | | My understanding is that TKAT sells art via NFT but that they are no involved in it. Am I mistaken?
I am looking for companies that actually maintain the network and/or have a stake in NFT platforms. |
| | Effective Collaboration - Team Research for Better Returns: | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Sultan who wrote (6230) | 3/22/2021 11:38:16 PM | | From: Sun Tzu | | | | | Let me ask the question differently: If I am a business, say TKAT, I have to be using some software to sell my stuff as an NFT. Who makes that software and maintains the network? |
| | Effective Collaboration - Team Research for Better Returns: | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
| |
