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Business

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Bitcoin hits new record above $65,000 after Wall Street foray

The CME accounted for 22 percent, or $5.68 billion, of the total global futures open interest of $25.7 billion.
By TRENDS Desk AFP
October 20, 2021 8:05 pm
  • A bitcoin futures exchange-traded fund (ETF), a type of financial instrument, made its debut on the New York Stock Exchange on Tuesday
  • The cryptocurrency soared to $65,778, according to CoinMarketCap

Bitcoin hit a new record on Wednesday, surging past $65,000 after it took another step towards mainstream status as the world’s biggest cryptocurrency forayed onto Wall Street.

A bitcoin futures exchange-traded fund (ETF), a type of financial instrument, made its debut on the New York Stock Exchange on Tuesday.

The cryptocurrency soared to $65,778, according to CoinMarketCap.

The Bitcoin Strategy ETF rose nearly five percent in its first day of trading on Tuesday.

The fund should be a more accessible vehicle for mainstream investors, and could therefore boost trading in the cryptocurrency.

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INSEAD Day 4- 300x600
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