RE: Blockchain Related ETF Trading On NYSE / Actively Managed ETF vs Passively Managed ETF
No idea, I know the stock price doubled upon announcement of Kodak entering crypto.. which I find interesting and if I were a CFO of a large currently traded NYSE or NASDAQ company and were on a golf trip to Vegas with the CEO that was really just cover for us to bang prostitutes in a Vegas hotel..
I would be like "Hey Bro".... stops to sniff coke from hookers butt crack.. "bro, did you hear about that Kodak stuff? They made a coin and their stock price doubled"
CEO: "Really"
"Yeah, we can just make a useless coin, stock price will double because its crypto and we can come back next year and buy the really good hookers.. what do you think?"
CEO: "lets do it"
Humor aside, I can see a lot of other companies taking a similar route if for nothing other than to bump price as appearing to be involved in crypto regardless of whether or not it is a junk coin.
Yes, this is like the times of the .com bubble. People were just putting .com on their company names, making 100-500% move in a day. Of coure all of this has an end. If you look at the charts of these companies, they have made a mojor move up, but then made a good move downwards also.
Very true,, what goes up must come down..")
So, what do you think about SBD ? I don't think the listing is all there is for this volume
I agree, prices could be in the process of being manipulated to some degree.. only take 1 milion to swing the price a lot in one way or the other and there are a lot of whales here with that type of power..