Elite Investment Company Blog

The fund charges a 1.75% management fee and offers custody from Fidelity Digital Asset Services.

Tesla has forged a path other corporate treasurers might follow into bitcoin. PLUS: Ether hits new record price above $1,800 as CME futures debut.

Ether has more than doubled in value this year, outperforming bitcoin.

"The market is now pricing in a high likelihood that many other corporates will copy Tesla," one trader said.

Signature is "positioned to ride the crypto wave," a JPMorgan analyst wrote.

How Tesla caught a lucky break.

That Tesla has invested in bitcoin is an announcement the market had long sought to hear.

The price of gas continues to rise on Ethereum, squeezing smaller retail traders using DEXs.

Electric-vehicle entrepreneur Elon Musk follows through with a $1.5 billion purchase after adding "#bitcoin" to his Twitter profile late last month.

The largest cryptocurrency surged at least 11% to surpass the previous peak price of $41,962 reached in early January.

The Chicago exchange has now traded 77 ETH contracts after going live on Sunday.

USD stablecoins are created largely outside the dollar system and lack federal deposit guarantees. Investors should be careful.