Crypto ETF complex hit by selling spree in first big stress test

Crypto ETF complex hit by selling spree in first big stress test

INVESTORS yanked nearly half a billion US dollars from cryptocurrency-linked funds as a global market meltdown sparked the first major sell-off for the speculative asset class since it went mainstream via exchange-traded funds (ETFs) earlier this year. ETFs that invest directly in Bitcoin have had four straight days of outflows, totalling roughly US$423 million, according…

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Lucid gets US$1.5 billion lifeline before electric suv rollout

Lucid gets US.5 billion lifeline before electric suv rollout

LUCID Group will get a cash infusion of as much as US$1.5 billion from one of its biggest investors, an affiliate of Saudi Arabia’s Public Investment Fund, the second time this year the electric-vehicle (EV) maker has received much-needed funding. The investment is part of two agreements with Ayar Third Investment Company, Lucid said on…

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