Prices for the digital asset have tumbled 14% this week, marking the steepest decline since March, with Bitcoin near $31,000 Friday. Commentators have cautioned that a sustained drop below $30,000 could presage further losses.
Record outflows from mutual funds have analysts wondering about the future of giants like American Funds, T. Rowe Price and Dimensional Fund Advisors. While mutual funds still hold more than three times the assets of exchange-traded funds, they registered a record $289 billion in outflows last year, according to Morningstar.
The fund manager added Bitcoin futures as an eligible investment for two of its funds, according to SEC filings.
Prices for the largest cryptocurrency dipped as much as 6.8% Wednesday, trading below $35,000, as worries about a market bubble discourage investors from buying in.
Stocks are up almost 12% since Election Day, and some advisers are already looking for a pullback. Biden's post-election rally stands out as the strongest since World War II.
The company, not wanting to be outdone by an identical move in December by its competitor Vanguard, lowered its investment minimum for defined-contribution plans from $100 million to $5 million.
The murky track record behind cryptocurrency has kept some skeptical, but both advisers and investors are showing growing interest in the asset class. The popular digital asset, Bitcoin, recent record-breaking rally has slowed, with prices set to finish this week just below $40,000, according to Bloomberg.
The tight group of marijuana ETFs are up between 28% and 55% in January, anticipating federal approval. For financial advisers and investors, instead of just jumping headlong into cannabis investing, the challenge is traversing a sector that is in limbo.
Overall, the retirement savings products bled $6.7 billion, marking the first such instance of negative net sales since Morningstar began tracking them in 1994, the ratings and research firm reported this week.
A fledgling operation is hoping to turn back the clock by introducing gold bonds that are purchased and repaid with actual gold, a common practice about 90 years ago before FDR’s Gold Reserve Act put the kibosh on all the fun.
Revenue sharing fees ultimately make retirement plans more expensive, and funds that include them are disproportionately favored on plan menus, a recent academic paper found.
There are now five companies offering downside protection through buffered ETFs, and two more firms with products in the filing stages
As control shifts to Democrats, corporate bonds for climate, infrastructure and other projects likely to grow
Cryptocurrencies hit the milestone after a fivefold climb in market value in the past year, data from tracker CoinGecko show, and strategists have cited demand from speculative retail traders, trend-following quant funds, the rich and even institutional investors as among the reasons for the surge
A survey of family offices shows more than a third plan to boost allocations to such funds
Clients are curious about the recent boom in cryptocurrencies, but volatile performance records are keeping some advisers on the sidelines
Only three of the most popular ETF launches last year were BlackRock products, and none were from Vanguard or State Street
Arkansas and Michigan become the latest states to adopt the National Association of Insurance Commissioners model rule
Bow River fund bets a Biden administration won't kill the PE market
The cryptocurrency posted its biggest drop since March after a spectacular new-year rally
