China's Sudden Stock Rally Points to ETF Buying by State Funds – Yahoo Finance
(Bloomberg) — Chinese stock benchmarks rallied in afternoon trading, with volume surging in some major exchange-traded funds (ETFs), prompting speculation that buying by state-run funds could be behind the reversal. is increasing. Most Read Articles on Bloomberg The Huatai Pine Bridge CSI 300 ETF's trading value soared to 15.3 billion yuan ($2.1 billion) on Thursday, […]
Estimated $1.1B flees GBTC in 3 days as ARK begins buying own Bitcoin ETF – Cointelegraph
Grayscale's Spot Bitcoin (BTC) Exchange Traded Fund (ETF)'s discount rate narrowed to its lowest level in nearly three years, causing investors to rush out of the fund over the past three days. The transaction took an estimated $1.1 billion out of the fund. There was an estimated outflow of $594 million on the third day […]
Uber to shut down booze app Drizly after buying it for $1.1B
Uber is shutting down alcohol delivery app Drizly, just three years after acquiring it for $1.1 billion. The service has grown rapidly during the pandemic, with San Francisco-based Uber inking a multibillion-dollar deal with DryZly in 2021, agreeing to operate it as a standalone app and within the Uber Eats interface. As of now, it […]