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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Global Performance Analysis of Bitcoin ETFs: Insights for U.S. Investors

Bitcoin enthusiasts and investors have much to look forward to in 2024 as the highly anticipated approval of the first Bitcoin ETF by the SEC looms on the horizon in the United States. While the prospect of a Bitcoin ETF is a major milestone for the crypto industry in the U.S., it is worth noting that Bitcoin ETFs are not a new concept. These investment vehicles have been trading successfully around the world for years, offering investors exposure to the dynamic world of cryptocurrencies. From Brazil to Canada, ETFs and crypto-based mutual funds have thrived, providing valuable insights into what U.S. investors can expect once a Bitcoin ETF is finally approved. Let's take a closer look at how Bitcoin ETFs have performed in various markets globally:

Performance of Bitcoin ETFs Around the World

  • Brazil's B3 Exchange:
  • Top Performers:
    • QBTC11 ETF: This fund, tied to the Bitcoin price through the CME CF Bitcoin Reference Rate index, soared with gains of 145% in 2023.
    • BITI11 and BITH11 funds: Linked to the Bloomberg Galaxy Bitcoin Index and Nasdaq Bitcoin Reference Price, respectively, these funds also posted impressive returns of over 100% last year.
  • Struggling ETFs:
    • NFTS11 ETF: This fund, anchored to the MVIS CryptoCompare Media & Entertainment Leaders Index covering NFT and metaverse coins, saw a significant decline of 45.71%.
    • META11 Fund: Tied to a composite index of metaverse and crypto culture coins, this fund experienced a minor decline of 0.37%.

The performance of these ETFs in Brazil provides valuable insights into the potential outcomes and volatility that U.S. investors may experience once a Bitcoin ETF becomes available in the country. As the crypto market continues to evolve and mature, investors can look to these global examples to gauge the opportunities and risks associated with investing in cryptocurrency ETFs.

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