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Sunlight Financial Files for Chapter 11, Inks Sale to InvestorsSunlight Financial Holdings Inc. filed for Chapter 11 bankruptcy in the US after arranging a deal to be bought by a solar energy industry investor group that includes a lender.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Bitcoin Races into Financial Establishment with ETF, Will it Strike Gold?Bitcoin is gaining popularity as an exchange-traded fund (ETF) that tracks its price is being introduced. The cryptocurrency has seen a significant increase in value in October, with investors hoping for regulatory approval for a spot bitcoin ETF. Market players have varying estimates on the potential success of the ETF, with predictions ranging from $3 billion on its first day to $55 billion over five years. Mainstream investment giants and crypto-focused firms have filed applications for spot bitcoin ETFs, but traditional investors remain skeptical.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »