If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here Are Your Gains Vs. Tesla, Apple
Portfolio Pulse from Chris Katje
A federal court has ruled against the SEC for rejecting Grayscale Investments' request to convert its Grayscale Bitcoin Trust into an ETF. The court's decision could expedite the approval of several Bitcoin ETFs filed by companies such as BlackRock, WisdomTree, Invesco, Valkyrie Investments, Ark Invest, VanEck, and Fidelity. The article also compares the hypothetical returns of investing $1,000 in Bitcoin, SPDR S&P 500 ETF Trust, Tesla, and Apple in 2013.
August 31, 2023 | 7:54 pm
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NEUTRAL IMPACT
The article compares the hypothetical returns of investing $1,000 in Apple in 2013, which would be worth $15,382.31 today.
The article mentions the hypothetical returns of investing in Apple in 2013, but it does not provide any new information that could impact Apple's stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The article compares the hypothetical returns of investing $1,000 in SPDR S&P 500 ETF Trust in 2013, which would be worth $3,371.94 today.
The article mentions the hypothetical returns of investing in SPDR S&P 500 ETF Trust in 2013, but it does not provide any new information that could impact the ETF's price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The article compares the hypothetical returns of investing $1,000 in Tesla in 2013, which would be worth $33,190.53 today.
The article mentions the hypothetical returns of investing in Tesla in 2013, but it does not provide any new information that could impact Tesla's stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
BlackRock has filed for a Bitcoin ETF, which could be expedited due to a recent court ruling against the SEC.
The court ruling against the SEC could expedite the approval of BlackRock's Bitcoin ETF, potentially leading to increased investor interest and a potential increase in BlackRock's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Grayscale Bitcoin Trust could potentially convert into an ETF following a court ruling against the SEC. This could increase the trust's attractiveness to investors.
The court ruling against the SEC's rejection of Grayscale's request to convert its Bitcoin Trust into an ETF could potentially increase the trust's attractiveness to investors, leading to a potential increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
WisdomTree's Bitcoin ETF filing could be expedited due to a recent court ruling against the SEC.
The court ruling against the SEC could expedite the approval of WisdomTree's Bitcoin ETF, potentially leading to increased investor interest and a potential increase in WisdomTree's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80