Following on from yesterday’s commentary…
The US SEC has finally approved a Bitcoin ETF.
Surely Cathie Wood is popping some champagne tonight.
Take a look at pic below to see the list of ETF’s going live this week.
Will you be buying?
Across Markets…
Shares gained on Thursday, tracking a tech rally on Wall Street and after the much-awaited approval of bitcoin exchange-traded funds in the US.
The benchmark S&P/ASX 200 rose 0.5 per cent or 37.5 points to 7506, and the All Ordinaries also gained 0.5 per cent. The main benchmark closed higher only twice this year and is down 1.1 per cent since January 1.
Eight out of the index’s 11 sectors advanced, with gains in techs, consumer-related and banks offsetting softness in the mining sector.
Investors were awaiting key US consumer price data on Thursday (Friday AEDT) for clues on how fast and how far the Federal Reserve will cut interest rates.
US core consumer price index is forecast to rise 0.3 per cent in December, taking the pace of annual inflation to 3.8 per cent, down from 4 per cent.
Bitcoin rose 1.3 per cent to $US46,552, pulling closer to a 10-month peak of $US47,915.25 set on Wednesday. The US Securities and Exchange Commission approved on Thursday the much-awaited bitcoin ETF, allowing every day investors to gain exposure to the controversial cryptocurrency through traditional sharemarkets.
“Bitcoin is likely to hit and surpass its previous all-time high ($US69,000) before the end of the year, we could see a price north of $US100,000,” said Magnet Capital co-founder Egor Sidelska.
Source: AFR
CZR Resources (ASX: CZR) is set to gain new financial flexibility after signing a deal to sell its majority interest in the Robe Mesa iron ore project in Western Australia to a subsidiary of China’s Shenzhen Naao Jianglan Investment Company (SNIC).
The $102 million CZR will receive from the sale of its wholly-owned subsidiary Zanthus Resources is considered a significant return for a company with a market cap of $47m at the time the binding share sale agreement with Miracle Iron Resources was made.
CZR managing director Stefan Murphy said the all-cash offer will see the company receive 80% of the cash consideration on completion of the transaction and the remaining 20% on the earlier of first shipment or 30 June 2025.
Mr Murphy highlighted the fact that CZR will retain its Croydon gold project, along strike from De Grey Mining’s (ASX: DEG) multi-million ounce Hemi gold discovery, along with the Buddadoo vanadium-titanium project in WA.
Source: SmallCaps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.005 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.14 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.005 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.007 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.008 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.0125 +4.17%
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.057 +1.79%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.17 +6.25%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.009 +12.50%
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.42 -2.33%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.03 Unchanged
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.015 Unchanged
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.023 +9.52%
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