WSBFTW
voted
The first $Bitcoin (BTC.CC)$ exchange-traded fund is expected to start trading this Tuesday, making the most widely traded cryptocurrency available to most investors with a brokerage account.
The ETFs would buy bitcoin futures contracts, primarily front-month trading on a regulated venue like the Chicago Mercantile Exchange (CME), in a bid to mimic the cryptocurrency’s price performance instead of purchasing actual coins.
Assuming Wall Street embraces these ETFs, the futures premium, or the spread between futures prices and spot prices, would rise significantly, boosting yields from cash and carry strategy, which involves buying the asset in the spot market and simultaneously selling futures contracts.
“If the futures ETF comes out, there will be more inflows into buying futures.
Despite the lack of faith over non-futures ETF, the world's biggest cryptocurrency still rose to $61,869.05, its highest since mid-April. It has risen by more than half since Sept. 20 and is closing in on its record high of $64,895 hit in April.
Source:
Impending Futures-Based Bitcoin ETFs May Boost Cash and Carry Yields
The ETFs would buy bitcoin futures contracts, primarily front-month trading on a regulated venue like the Chicago Mercantile Exchange (CME), in a bid to mimic the cryptocurrency’s price performance instead of purchasing actual coins.
Assuming Wall Street embraces these ETFs, the futures premium, or the spread between futures prices and spot prices, would rise significantly, boosting yields from cash and carry strategy, which involves buying the asset in the spot market and simultaneously selling futures contracts.
“If the futures ETF comes out, there will be more inflows into buying futures.
Despite the lack of faith over non-futures ETF, the world's biggest cryptocurrency still rose to $61,869.05, its highest since mid-April. It has risen by more than half since Sept. 20 and is closing in on its record high of $64,895 hit in April.
Source:
Impending Futures-Based Bitcoin ETFs May Boost Cash and Carry Yields
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WSBFTW
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Key Takeaways:
● Blackberry's CEO said there are three headlines for the quarter, which are licensing, software and services and Blackberry IVY.
● For this upcoming fiscal year, John Chen, Blackberry's CEO noted their primary focus is on software and services growth.
● Blackberry's management pointed out that they have design wins with 23 of the world top 25 electric vehicle OEMs who together represent 68% of the global EV production.
BlackBerry reported total company revenue of $215 million, software and services revenue was $165 million, licensing and others was $50 million, gross margin was 73%. Here are details of Blackberry's Fourth quarter results.
...
● Blackberry's CEO said there are three headlines for the quarter, which are licensing, software and services and Blackberry IVY.
● For this upcoming fiscal year, John Chen, Blackberry's CEO noted their primary focus is on software and services growth.
● Blackberry's management pointed out that they have design wins with 23 of the world top 25 electric vehicle OEMs who together represent 68% of the global EV production.
BlackBerry reported total company revenue of $215 million, software and services revenue was $165 million, licensing and others was $50 million, gross margin was 73%. Here are details of Blackberry's Fourth quarter results.
...
![[Blackberry Q&A] Fiscal revenue missed expectation, will $BB march in next fiscal year?](https://sgsnsimg.moomoo.com/1617207788164-600003-android-org.png/thumb)
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WSBFTW
commented on
$BlackBerry (BB.US)$ I cut the meat and left the venue. I'll pick you up when it's 5 yuan
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WSBFTW
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$BlackBerry (BB.US)$ HOLD! its about to get to 30! 🚀
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