Finance forum: 1.070 articles - 124.400 readings

Grayscale, BNY Mellon team up in prep for Bitcoin ETF

Posted on 15.07.2021

Grayscale Bitcoin Fund (GBTC) reaffirms its intention to transform the fund into an ETF by signing a new partnership with Bank of New York Mellon Corp. BNY Mellon will provide Grayscale Investments LLC exchange-traded fund services upon converting the fund into an ETF. Also, starting October 1, BNY Mellon will offer fund administration services to GBTC. Michael Sonnenshein, CEO of Grayscale Investments, reaffirmed the company's target to transform the fund into an ETF. In an interview with ...

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UK housing prices in April: the largest monthly rise in 17 years

Posted on 05.05.2021

Housing prices are showing no signs of cooling down. On Friday, new data showed that since February 2004, the most considerable increase in average UK house prices occurred in April 2021.  Home price growth per year rebounded to 7.1% in April compared to 5.7% in March. The median price was at £238,831 in April, 2.1% higher from March, as reported by Joanna Bourke for the Evening Standard. Over the past year, prices are now up £15,916. Nationwide’s data covers the month f ...

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Britcoin pros and cons as the idea moves toward reality

Posted on 27.07.2021

Chancellor Rishi Sunak is moving forward with the idea of a digital central bank cryptocurrency, Britcoin. A task force was established, formed of Treasury and Bank of England officials, to examine the merits of Britcoin and report back to Sunak by year-end. The move would be a revolution in the monetary system as the BOE establishes a digital equivalent to the sterling and controls it.  Unlike unpegged cryptocurrencies, Britcoin would be linked to the pound and backed by the central bank. ...

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45% of UK millennial investors buying crypto, half on debt

Posted on 09.07.2021

Young UK investors said their first investment was in crypto. Almost half of the 45% who did so used debt. Millennials believe cryptocurrencies offer better returns than traditional assets favored by their parents and grandparents. A minority of young investors are in it for the long term. A Charles Shwab survey in April showed half of young investors actively trading crypto. Another 20% believe it’s a solid investment choice. Cryptocurrency ranked second after cash as the preferred savin ...

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Why platform consolidation is helpful for clients and advisors

Posted on 22.03.2021

Paul Hogarth recently explained how the recent acquisition of Nucleus by James Hay is likely to bring more consolidation in the platforms sector and improve the overall quality of the platforms that advisors have access to today. With platforms representing an integral part of the future of wealth management, smarter and more focused platforms will be welcomed by all in the industry. What do advisors look for in a platform? Advisors primarily look for the following benefits in using a platform ...

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The Coinbase IPO could be your second chance at investing in crypto

Posted on 15.04.2021

Are you one of the many who decided to take the superior path and opt out of buying Bitcoin when normal people could actually afford it? It seems you could have another chance. Coinbase finally went public with its much anticipated listing on Nasdaq on Wednesday. It trades under the symbol COIN and closed its first-day trading just above the 328 dollar mark. The valuation makes the company the largest ever to opt for a direct listing on the stock exchange.  What is Coinbase? Coinbase is t ...

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Pandemic Reveals Weakened but Resilient UK Economy

Posted on 04.02.2021

Britain’s economy has taken a beating since the first wave of the COVID-19 pandemic. Following the first lockdown in late March 2020, the world’s sixth-largest economy contracted more than its peers and is now 8.5% smaller than it was before the onset of the pandemic, according to Reuters UK. Following Britain’s second lockdown, announced in October 2020, the economy continued to decline intoNovember of last year, but ...

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UK Regulators Scrutinize Buy Now, Pay Later Firms

Posted on 09.02.2021

Firms like Klarna offer shoppers the ability to pay for items in installments or even defer payments for up to 30 days. Major country-wide retailers now offer these services, hoping to attract more younger customers. And it’s working. Buy Now, Pay Later services saw a fourfold increase over the past year. However, the Financial Conduct Authority (FCA) has decided to regulate these as they could lead to the accumulation of massive consumer debts.  Concerns over looming debt growth Th ...

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How to build an all-ETF portfolio

Posted on 29.07.2021

ETFs are gaining momentum with more than 5,000 ETFs actively traded in the stock market. ETFs have many interesting perks. They’re versatile and give access to a wide range of stocks and other investments. They’re also relatively inexpensive and more liquid than mutual funds since they’re actively traded on stock exchanges. They help in passive portfolio management since they represent an index. That also reduces their costs compared to mutual funds.  Holding ETFs versus ...

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Top 5 themes if you want to invest in megatrends

Posted on 16.06.2021

Global change is happening and that’s going to affect your investment decisions. Megatrends, often called ‘thematic investing’, are among the hot topics in investing. Megatrends are global changes not bounded by geography, politics, or culture and result in global shifts. Ageing populations, climate change, or even environmental and social worries are some examples of megatrends underway.  Megatrends shape the future and so directly influence investor returns. Although it ...

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16.08.2022 posted by WisdomTree

Navigating the shortening odds of a recession: Bear markets don't last as long as Bull markets

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