Eight companies — including Bitwise, Volatility Shares and ProShares — have in recent days filed applications for exchange-traded funds based on futures for the second-largest digital token.
As the cost of services has risen, the financial position of the affluent has weakened—and that makes the overall economy more fragile.
One fund close significantly increased overall fundraising volume, but there were also far more funds out in the market raising money than at the beginning of the year, according to a Preqin report.
Digital fraud is a growing threat to advisors, who are on their own when it comes to buying coverage for the risk.