Digital Assets

DIGITAL ASSETS

Bitcoin mining could become a net positive to the environment, says contrarian ARK

Bitcoin mining could become a net positive to the environment, says contrarian ARK

Always the contrarians, ARK’s cryptocurrency analyst, Yassine Elmandjra, has commented on Elon Musk’s announcement last week that, henceforth, Tesla would not be accepting bitcoin for the purchase of its vehicles, this, roughly three months after its USD1.5 billion investment in the currency, and just one month after announcing that it would take bitcoin in payment for its cars. 

FUND PERFORMANCE

Deutsche Borse enjoys record turnover due to crypto ETP products

Deutsche Borse enjoys record turnover due to crypto ETP products

The head of Deutsche Börse's ETF segment, Stephan Kraus (pictured), is seeing the extraordinary power of the new range of cryptocurrency ETPs in full flight, with the ETC Group’s bitcoin ETP, launched last June, showing up as the most actively traded ETP in the first quarter of 2021. That product has just been joined by ETC’s Litecoin ETN, the first time litecoin has been available for trading via Xetra and Börse Frankfurt.