Winning Portfolio In 2016 — Gold, Treasuries and… Bitcoin

 

Winning Portfolio In 2016 — Gold, Treasuries and… Bitcoin

Last year, Ark Invest, a niche ETF company, purchased units of the Bitcoin Investment Trust (GBTC) and made one of its ETF the first to own bitcoin in some form. I’ll admit that I was skeptical, but hedged my skepticism somewhat by saying to treat bitcoin as a lottery ticket. This week’s bitcoin surge — the GBTC is up 34% — leaves the ARK Web x.0 ETF (ARKW) with a roughly 3.5% weight in the bitcoin trust. ARK Invest published a research report earlier this month, in conjunction with Coinbase, calling bitcoin an “new asset class” altogether.

 

http://blogs.barrons.com/focusonfunds/2016/06/16/winning-portfolio-in-2016-gold-treasuries-and-bitcoin/?mod=yahoobarrons&ru=yahoo

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About Philippe Splingart

ArtMaker Creator of the "Spynacker Green Fund" concept, (The "Green Fund Spynacker" Arbitrage Hedge Fund Method with very low leverage ) The reflexion point is to create an alternative in a changing world. Maintain the achievements and wealth of knowledge, Empower creation to develop an alternative management and to activate and enhance the development elements.
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