BlackRock’s bitcoin ETF has risen to the third spot among US exchange-traded funds with the highest capital inflow. The product, launched this year, has outperformed many traditional asset ETFs. Bloomberg reports that IBIT, the fund’s ticker symbol, has accumulated $22.8 billion in investments by October’s end. In October alone, IBIT attracted nearly $2 billion in […]
Related Posts
Brazil’s nuclear submarine development sparks debate with the UN Atomic Energy Agency
As part of a significant defense project for Brazil, the country is developing a nuclear submarine, as the cornerstone of Brazil’s marine defense This venture involves military secrets regarding the vessel’s future reactor, which the country wishes to keep confidential. However, this requirement has stirred a clash with the United Nations’ International Atomic Energy Agency […]
Mexico welcomes 9.6 million tourists in first five months of 2023 and records positive growth
Mexico’s Ministry of Tourism (Sectur) has reported a 7.2% increase in international tourist arrivals by air during the first five months of 2023, reaching 9.56 million visitors. This figure surpasses the arrivals recorded in 2022 and 2019, with a notable growth rate. The majority of arrivals were from three countries: the United States, Canada, and […]
Petrobras Faces Significant First Quarter Profit Drop
Petrobras, Brazil’s state-owned oil giant, reported a significant 37.9% decline in net profit for the first quarter of 2024. The net profit fell to 23.7 billion reais ($4.6 billion). This decline is notable compared to the same period last year. Profits also decreased by 23.7% from the fourth quarter of 2023. Lower sales volumes, falling […]