Quote of the Day
"If State Street can float a gold ETF backed by physical gold in a vault, it doesn’t seem unreasonable to think that Grayscale can make its fund of spot bitcoin into an ETF."
(Alexandra Scaggs)
Chart of the Day
Anyone betting on the Grayscale Bitcoin Trust ($GBTC) is breathing a bit of a sigh of relief. (chart via @ycharts)
Strategy
- Why the low interest rate era has come to an end. (ft.com)
- Generating alpha is more than just stock selection. (flyoverstocks.com)
- Who is to blame for the behavior gap? (ritholtz.com)
ETFs
- 2023 is on track for a record number of ETF closures. (wsj.com)
- The SEC's logic in the Grayscale case was flawed. (ft.com)
Economy
- The labor market is not all that tight. (disciplinefunds.com)
- The labor market is decelerating. (bonddad.blogspot.com)
- Americans keep applying for EINs at a rapid rate. (conversableeconomist.com)
Earlier on Abnormal Returns
- Personal finance links: accumulation vs. decumulation. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: the majority of returns. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
