Fund Manager Says BlackRock ETF will Drive $150,000 Bitcoin Price (The Street)
Mark Yusko of Morgan Creek Capital Management thinks $30 billion will flood into an approved, bitcoin-focused BlackRock ETF. The number of regulatory requests to offer a spot bitcoin exchange-traded fund (ETF) coming from a range of institutional financial firms has led to bullish speculation and remarkable excitement from the crypto market. As the U.S. Securities and Exchange Commission (SEC) considers such filings from BlackRock, Fidelity, ARK Invest and more, it seems like at least one upcoming approval is just a matter of time. The SEC is set to hit its next set of deadlines for approval decisions in mid-October and in the meantime, investors are left to speculate about which firm might receive approval first.
Lynx Surpasses 100 Employees (Hedge Nordic)
Stockholm (HedgeNordic) – Systematic asset manager Lynx Asset Management has recently surpassed 100 employees, with over 20 new hires in 2023 across its headquarters in Stockholm and its New York office. The most notable additions include Andreas Johansson, the former head of SEB’s Quantitative Equity team, and Stefan Nydahl, previously CEO of systematic manager Informed Portfolio Management (IPM).
Qube Taps Fintech for New Talent (Hedge Week)
Hot on the heels of DE Shaw’s addition of a former fintech product manager in Singapore to its trading team, comes news that new quant fund Qube Research & Technologies has also hired a former fintech employee, according to a report by eFinancial Careers. Ben Nicholas, a former technical analyst at trading infrastructure fintech FlexTrade, which specialises in algorithmic trading execution across equities and FX, has been appointed as a quantitative technologist by Qube.
Thursday 9/21 Insider Buying Report: BHLB, NMRA (Nasdaq.com)
On Wednesday, Berkshire Hills Bancorp’s Director, Mary Anne Callahan, made a $357,319 buy of BHLB, purchasing 18,000 shares at a cost of $19.85 a piece. Investors are able to grab BHLB at a price even lower than Callahan did, with shares trading as low as $19.43 at last check today which is 2.1% under Callahan’s purchase price. Berkshire Hills Bancorp is trading up about 1.1% on the day Thursday. This buy marks the first one filed by Callahan in the past year. And at Neumora Therapeutics, there was insider buying on Tuesday, by CEO Henry O. Gosebruch who bought 15,000 shares at a cost of $12.62 each, for a total investment of $189,370. Neumora Therapeutics is trading up about 5.6% on the day Thursday. Investors can buy NMRA even cheaper than Gosebruch did, with shares changing hands as low as $10.01 at last check today — that’s 20.7% under Gosebruch’s purchase price.
$4M Bet On Enphase Energy? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Enphase Energy: The Trade: Enphase Energy, Inc. (ENPH) Director Thurman J Rodgers acquired a total of 32,600 shares an average price of $122.76. To acquire these shares, it cost around $4 million. Semtech: The Trade: Semtech Corporation (SMTC) Director Paul V. Walsh Jr. acquired a total of 20,000 shares at an average price of $24.83. To acquire these shares, it cost around $496,520.
