Wall Street was moderately upbeat last week.
With renewed optimism over global economic recovery and robust earnings, the technology sector is back and has been outperforming in August.
Given robust earnings, investors seeking to bet on the largest U.S cryptocurrency exchange could consider ETFs having a larger allocation to the networking giant.
The S&P 500, the Dow Jones and the Nasdaq gained about 0.94%, 0.78% and 1.11% last week.
The S&P 500, the Dow Jones and the Nasdaq Composite lost 0.4%, 0.4% and 1.1%, respectively, last week.
According to a recent filing, ARK Invest???s Cathie Wood has joined hands with 21Shares to offer the ARK 21Shares Bitcoin ETF.
Bitcoin gained at par with the SPDR S&P 500 ETF (SPY) this year. However, some concerns may keep the returns of the bitcoin checked in the second half.
The technology sector was the lone bright spot last week among the 11 S&P 500 sectors amid the market turmoil as optimism surrounding the economic recovery compelled investors to bet on the growth stocks....
Rising rate worries hurt growth sectors like technology in recent sessions. Still, there are a few tech ETFs that survived the turmoil.