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Seemingly no one going for gold? Is it Bitcoin's fault?
  + stars: | 2023-08-14 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeemingly no one going for gold? Is it Bitcoin's fault? GraniteShares CEO Will Rhind and VettaFi's Dave Nadig weigh in on the state of gold ETFs following their brief bump amid the nation's debt ceiling standoff, and how rising interest in bitcoin funds are affecting the commodity's performance.
Persons: Will Rhind, VettaFi's Dave Nadig
ETF experts Todd Sohn and VettaFi's Dave Nadig believe a second winning half is in store for technology and artificial intelligence plays. Sohn, Strategas' ETF and technical strategist, particularly likes Roundhill Generative AI and Technology ETF (CHAT). "What I like about [CHAT] is that it's actively managed," Sohn told CNBC's "ETF Edge" this week. Sohn also recommends Global X Robotics & Artificial Intelligence ETF (BOTZ) for those interested in introducing more industrials into their portfolio. "I like [BOTZ] if you want to get away from tech because you already have tech exposure in your portfolio.
Persons: Todd Sohn, Dave Nadig, Sohn, it's, CNBC's, Nadig, you've Organizations: Technology, Robotics, Intelligence, Microsoft, Apple, Nvidia, RSP, JPMorgan
It appears most ETF investors aren't cashing out of technology despite this year's painful losses. Invesco's Anna Paglia lists a reason: Investors are more loyal to the idea of growth than to the market's near-term swings. Yet many big volume ETFs including the Proshares Ultrapro QQQ , which tracks the Nasdaq 100 , are also holding on to investors. The short and leveraged QQQs in the ETF space have been "stalwarts for volume" ever since launching, according to Nadig. They're doing that because they're making a call in tech," the firm's financial futurist said.
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