US asset managers race to list bitcoin-trading funds
Management's plans to list bitcoin funds on Intercontinental Exchange's NYSE Arca are pending regulatory approval.
Dubai - Emirates Voice
US fund managers are ramping up efforts to tap into the fever surrounding digital assets, and the latest planned bitcoin products could deliver some head-turning and stomach-churning price movements if they come to market.
The new idea is to build “leveraged” and “inverse” funds that would rise - or fall - twice as fast as the price of bitcoin on a given day.
Direxion Asset Management plans to list such products on Intercontinental Exchange's NYSE Arca exchange if US securities regulators give the nod, according to a filing by the exchange this week.
In the filing, the exchange said the listing “will enhance competition among market participants, to the benefit of investors and the marketplace.”
GMT 12:28 2017 Tuesday ,28 November
Profits of 30 listed insurance companies amount to AED1.2 billionGMT 21:15 2017 Friday ,18 August
AED764 million in H1 net profit by 28 insurance companiesGMT 17:24 2017 Wednesday ,09 August
Cash flow increases by AED5.1 billion in H1GMT 00:02 2017 Friday ,07 July
Amman Bourse opens trading with dropGMT 01:48 2017 Sunday ,11 June
UAE hotel industry on a roll
- Tuesday ,28 November GMT 12:28 2017 Profits of 30 listed insurance companies amount to AED1.2 billion
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 20:01 2016 Monday ,30 May
Bill on National Council for Human Rights finished
GMT 02:49 2017 Thursday ,06 July
Where the UAE's rich invest their millions
GMT 13:27 2017 Wednesday ,08 March
Qatar to Participate in Meeting of Prosecutors, Assistants of Cassation and Supreme Courts in GCC
GMT 10:26 2016 Monday ,14 November
Ex-boxing champ steers young Belgians away from jihad
GMT 08:45 2018 Monday ,22 January
My Fashion Tribu appoints Julia Sugden PR
GMT 06:30 2018 Thursday ,18 January
Netanyahu: US embassy could move
GMT 03:18 2016 Friday ,10 June
New era dawns for Springboks against Ireland
GMT 12:42 2017 Friday ,22 December
Ousted Catalan leader demands 'to be heard' by EU
GMT 07:59 2017 Tuesday ,23 May
King receives phone call from Emir of Qatar
GMT 04:47 2016 Friday ,11 November
Trade min. launches 2020 industrial development strategy
GMT 21:37 2017 Tuesday ,31 January
US Stocks Close Lower ahead of Fed Meeting
GMT 06:51 2017 Sunday ,19 March
Morocco and Portugal Strengthen Their Ties on Energy
GMT 23:56 2016 Saturday ,18 June
'Greatest game' needed for NBA Finals win
GMT 12:23 2016 Wednesday ,31 August
China out to prove World Cup run no fluke
GMT 10:38 2017 Wednesday ,17 May
Bahrain weather forecast
GMT 09:06 2017 Thursday ,16 March
King Mohammed VI Inaugurates First Solidarity-Based Market in Morocco
GMT 07:11 2016 Friday ,20 May
US, Britain, France, Germany back business
GMT 07:01 2017 Tuesday ,14 February
Ready for intense times
GMT 09:26 2016 Tuesday ,01 November
Lebanon's national museum reveals long-hidden treasures
GMT 21:15 2017 Sunday ,31 December
October24th-November22nd
GMT 10:42 2017 Saturday ,30 December
France's Pinturault warms up for Olympics with seventh combined win
GMT 08:04 2017 Thursday ,15 June
FNC discusses education issues
GMT 07:28 2017 Thursday ,30 November
Tumblr founder leaving Yahoo-owned blogging platform
GMT 08:25 2017 Sunday ,24 September
Power couple Nadal, Federer rule out full-time partnership
GMT 14:48 2015 Sunday ,04 January
7 ways to build wealth while you sleep
GMT 09:01 2017 Sunday ,27 August
Saudi envoy visits US Air Force base, praises Saudi pilots
GMT 13:05 2016 Tuesday ,13 December
Faith No More singer to head metal supergroup
GMT 05:22 2017 Thursday ,23 March
Global integrated oil and gas sector outlook turns positive
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor