Gemini’s Abner Says ETFs Open New Spigots of Demand for Bitcoin

Vildana Hajric and Michael P. Regan

(Bloomberg) --

Most Read from Bloomberg

Dave Abner, global head of business development at crypto exchange Gemini Trust Co. and a two-decade veteran of the ETF industry, joined the “What Goes Up” podcast to talk about the launch of Bitcoin futures exchange-traded funds, who’s buying into it and what the prospects are for a physically-backed crypto fund.

Most Read from Bloomberg Businessweek

©2021 Bloomberg L.P.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting

Recommended Stories

  • Credit-Card Giants Shrug Off Rising Buy-Now, Pay-Later Threat

    (Bloomberg) -- The buy-now, pay-later frenzy is leaving credit-card companies unfazed. Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyCities' Answer to Sprawl? Go Wild.Forget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureOne of California’s Wealthiest Counties Could Run Out of Water Next SummerOver the past year, dozens of top merchants -- from PetSmart to Macy’s Inc. --

  • Europe’s Top Two Economies Sound Alarm Over Absent Supplies

    (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureCities' Answer to Sprawl? Go Wild.Google’s Biggest Moonshot Is Its Search for a Carbon-Free FutureAn aggravating global supply squeeze caused the steepest decline

  • Bitcoin Bull Market Has Plenty of Steam Left, Indicators Suggest

    While the bitcoin market valuations are not cheap, they are not overstretched either.

  • Stock Market News for Oct 22, 2021

    Benchmarks closed mixed on Thursday, with the S&P 500 and the Nasdaq being lifted by upbeat third-quarter corporate earnings reports, while setbacks in White House's efforts to raise corporate tax grabbed investors' attention.

  • Cash-to-Bitcoin exchange available at 200 Walmart Coinstar machines

    Walmart is rolling out a program for customers to exchange cash for Bitcoin at select Coinstar machines in its stores.

  • 3 Real Estate Funds With Target Annual Returns of Over 18%

    Private real estate funds have traditionally been an investment vehicle reserved almost exclusively for institutional investors and the ultra-wealthy. However, individual investors are now accessing the opportunity to get a piece of the high potential returns and passive income that owning equity in commercial real estate can provide. Here are 3 real estate offerings currently available that have target returns between 18% and 22%. New Era Medical Investment Fund IV: Sponsored by New Era Compani

  • Is PayPal Stock A Buy Right Now As It Explores Acquisition Of Pinterest?

    Top digital payments stock PayPal is one of the leading growth stocks in the current stock market. But is it a buy right now?

  • Dow Up, Nasdaq Falls On Powell Speech; Social Media Stocks Sell Off On Snap Earnings; Tesla Breaks Out

    The Dow Jones Industrial Average held a small gain in today's stock market after briefly dipping into the negative.

  • IBM (NYSE:IBM) may offer an Opportunity despite Disappointing Returns

    International Business Machines (NYSE:IBM) delivered another set of lackluster results on Wednesday when third quarter results were announced. While returns remain uninspiring, the current valuation may offer an opportunity.

  • Phunware stock was up 1,000% on Friday. What the heck is Phunware?

    This tiny, money-losing Trump-linked software company has a stock that is surging, but what's behind all this PHUN?

  • First Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures Contracts

    (Bloomberg) -- Just days after launch, the first U.S. Bitcoin futures exchange-traded fund risks becoming too popular for its own good. Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathThe Proshares Bitc

  • Cannabis Producers Could Be Making a Colossal Mistake in Dismissing This Threat

    It has now been three full years since Canada legalized the recreational marijuana market on Oct. 17, 2018. In the early stages, marijuana producers in the country were generating strong growth numbers due to the new segment of the market opening up (previously, only medical marijuana had been legal). When cannabis producer Hexo reported its third-quarter earnings (for the period ending April 30) in June, its revenue of 22.7 million Canadian dollars was down 31% from the second quarter, in which sales were CA$32.9 million.

  • Why Jim Cramer Is Calling The Bottom For AT&T's Stock

    Shares of AT&T Inc (NYSE: T) are trading slightly higher—although volatile— following better-than-expected third-quarter financial results. What Happened: AT&T reported quarterly adjusted earnings of 87 cents per share, which beat the estimate of 78 cents per share. The company reported quarterly revenue of $39.92 billion, which beat the estimate of $39.14 billion. Related Link: AT&T Shares Gain After Q3 Earnings, HBO Strength, Robust Full Year Outlook Cramer's Take: 'I'm willing to say this is

  • Should Vanguard High Dividend Yield ETF (VYM) Be on Your Investing Radar?

    Style Box ETF report for VYM

  • Cathie Wood says this tailwind will push the bull market to 2038

    Forget your inflation fears. Wood sees decades of big gains ahead.

  • Intel CEO tries to calm investors spooked by aggressive spending plan to regain tech lead

    Investors sent Intel stock further into the red as company executives outlined aggressive spending plans on a conference call with analysts. Intel stock (Nasdaq: INTC) was down at times more than 9% despite a mixed third quarter financial performance that saw the company beat expectations on earnings per share. The major sticking point appeared to be around a dip in gross margins that CEO Pat Gelsinger said would be down for two to three years while the company spends to get back to a leading edge product position.

  • Red Hat continues to grow, but IBM's struggles continue

    IBM has been in the midst of a strategy shift with a focus on hybrid cloud and AI since Arvind Krishna was promoted to CEO in last year. Red Hat, the software company it purchased for $34 billion in 2018 has been at the center of it all. With the company reporting earnings yesterday, the financial performance was pretty bleak, but at least Red Hat continues to grow at a brisk pace.

  • Tesla just did something stunning, analysts say

    Tesla has just put up a few impressive stats, Wall Street analysts say.

  • Think Everything’s Expensive Now? Get Ready for What’s Next

    (Bloomberg) -- Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyCities' Answer to Sprawl? Go Wild.Forget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureOne of California’s Wealthiest Counties Could Run Out of Water Next SummerConsumers around the world are about to get socked with even higher prices on everyday items, companies from food giant Unilever Plc to lubricant maker

  • Southwest to trim flights due to staff shortages

    Southwest Airlines said Thursday that recent flight cancelations will cost the company $75 million as it confronts an ongoing labor crunch that has forced it to scale back capacity.