Bitcoin Is Extremely Volatile, BC Group’s Chapman Says

May.12 — Dave Chapman, executive director of Hong Kong-based crypto firm BC Group, discusses the prospects for bitcoin. BC Group operates OSL, one of Asia’s biggest digital-asset platforms for professional investors. The largest digital token tumbled over the weekend. The decline took place ahead of a closely watched technical event known as its halving, when the rewards miners receive for processing transactions will be cut in half. Chapman speaks with Rishaad Salamat and Haslinda Amin on “Bloomberg Markets: Asia.” source

Bitcoin Slumps Ahead of Closely-Watched Halving Event

May.11 — Bitcoin slumped over the weekend after rising back above $10,000 late last week, casting a cloud over its latest attempted rebound. The decline took place ahead of a closely watched, technical event known as halving. Antoni Trenchev, co-founder at Nexobank, sees the currency reaching $50,000 by the end of the year. He speaks on “Bloomberg Markets: European Open.” source

ETF Boom Leaves Thematic Funds Behind

Jan.02 — Thematic ETFs, which focus on industries like robotics, blockchain or cannabis, closed 2019 with about $51 billion under management, just 1% more than the previous high point for assets reached 15 months earlier, according to data compiled by Bloomberg Intelligence. By contrast, the overall U.S. ETF industry has grown 20% during the same period and now oversees $4.4 trillion. Bloomberg’s Ritika Gupta has more on “Bloomberg Markets: The Close.” source