Alpha Bullion is unable to fulfill orders from unverified accounts. To redeem PAX Gold tokens for physical gold products, please follow our verification process here.

Bitcoin ETF Off to a Great Start, Up 3% First Day of Trading

Bitcoin ETF Off to a Great Start, Up 3% First Day of Trading

New Bitcoin Investment Vehicle Debuted on Wall Street, With More on the Way


A new Bitcoin-focused exchange-traded fund, ProShares Bitcoin Strategy ETF, debuted on Wall Street. ProShares Bitcoin Strategy ETF will trade in Bitcoin futures contracts that speculate on the future price of Bitcoin as opposed to the cryptocurrency itself. 

In anticipation of the launch of the ETF, Bitcoin recently jumped 3%. Also, Bitcoin futures increased by 2%. Asset managers estimate that with the introduction of crypto NFTs, particularly with Bitcoin, valuation will continue to increase. Some analysts believe Bitcoin is well on its way to hitting the $100,000 mark. With reputable investors like Paul Tudor Jones and Mark Cuban betting big on Bitcoin, many people are flocking to what crypto pioneers call digital gold.

A Look into Bloktopia and the Launch of Its Metaverse Skyscraper

A Look into Bloktopia and the Launch of Its Metaverse Skyscraper

Precious metals such as gold and silver are viewed as timeless resources. Gold can protect wealth and bring security to your assets. Some people have become aware of fiat currency and the threat of an impending monetary collapse. As such,  precious metals continue to bear fruit while inflation continues to grow uncontrollably. But now, new forms have arisen as an alternative or even an accompaniment to gold, with cryptocurrency and blockchain technology.


Load more posts

About

Alpha Bullion is an innovative service for redeeming PAX Gold tokens for real, physical gold. Each token acts as proof of ownership for 1 oz of gold stored at no additional cost in bar form in some of the most secure vaults in London. This provides all the stability benefits offered by precious metals without the burden of storage or shipping. It also allows for a market first feature, as the potential for cryptocurrency loans using PAX Gold would allow customers to essentially earn dividends on precious metals. This unique bridge between the ancient and the innovative has already drawn attention from press such as Coindesk and Jim Cramer of Mad Money. Learn more by following select external articles on our blog, and stay tuned for more original content from Alpha Bullion.

Categories

  1. General (19)