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☆ Japan's stock markets are on a tear. Will 'zombie’ firms threaten the bull run?
▼ + stars: | 2024-02-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

What are zombie companies? Japan's "zombie" problem has been around for a long time, said William Pesek, author of the book "Japanization: What the World Can Learn from Japan's Lost Decades." Raising the borrowing cost will put these zombie companies at risk of bankruptcy and bailouts, which could have a broader impact on the economy if there are job losses. "But the aid program has led to an increase in the number of 'zombie' companies that would otherwise have been unable to continue operating," the report added. Japan's stock markets have also been testing new highs since 2023, and higher interest rates could halt the bull run.

Persons: Adam Pretty, William Pesek, we've, Pesek, CNBC's Martin Soong, Warren Buffett's, Warren Buffett, Kazuo Ueda, Ueda Organizations: Getty, Bank of Japan, Tide, Asia Times, Japan Times, CNBC, Nikkei Locations: TOKYO, JAPAN, Roppongi Hills, Tokyo, Japan, Asia

☆ India is the new Asia growth story. Here’s why investors are bullish on the outlook
▼ + stars: | 2024-02-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

As China's property market and deflation woes continue to rattle investors, India's growth outlook appears all the more impressive. Last year's annual report attributed strong revenue growth partially to expansion in the Middle East, India, and Asia, Krishna wrote. "More than revenue, India is an important area for sourcing talent" as well, Krishna wrote. Growth potential For investors looking to gain exposure to the domestic stock market, Indian equities themselves aren't especially cheap though. "You're paying for the growth potential in India, certainly.

Persons: Morgan Stanley, Chetan Ahya, Ahya, Bernstein, —, Narendra Modi, Bill Fitzpatrick, Fitzpatrick, Quincy Krosby, Venu Krishna, Aecom, Krishna, Tim Long, Long, Simon Coles, Krosby, Jeffrey Gundlach, Gundlach, CNBC's, — CNBC's Michael Bloom Organizations: Investment, Logan Capital Management, Modi, Infrastructure Pipeline, Aecom, Barclays, Cisco Systems, Juniper Networks, India —, Semiconductor, Micron Technology, Qualcomm, Logan Capital Locations: India, China, Asia, Philadelphia, South Carolina . U.S, Dallas, East, Asia Pacific, Japan, Coles , U.S, U.S, IShares

☆ Toyota hikes annual profit forecast after third quarter beats expectations
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: +1 min

A sign is displayed outside a Toyota Motor Corp. dealership on January 30, 2024 in Tokyo, Japan. Toyota Motor raised its full-year operating profit forecast by nearly 9% on Tuesday, after its third-quarter earnings raced past analysts' estimates thanks to a weaker yen and strong sales of high-margin cars and hybrid vehicles. The Japanese firm raised its profit forecast for the current year to 4.9 trillion yen ($33 billion) from 4.5 trillion expected previously. That is well above an average analyst forecast of 4.6 trillion yen, according to LSEG data. Toyota's operating profit for the three months to Dec. 31 totalled 1.68 trillion yen, up 75.7% a year earlier and beating the average 1.3 trillion yen profit estimate in a poll of nine analysts by LSEG.

Organizations: Toyota Motor Corp, Toyota Motor, Toyota, LSEG Locations: Tokyo, Japan

He also said that Flywire trading at a discount of about 25% is "unwarranted given the company's strong competitive position and organic revenue growth trajectory." "These risks along with a tough demand setting is likely to remove any support for the stock price." — Alex Harring 5:29 a.m.: BTIG moves to sidelines on McDonald's after earnings BTIG has a different taste in its mouth about McDonald's following earnings. The bank upgraded the delivery giant to buy from neutral and hiked its price target to $175 from $160. "We expect management to deliver a strong cost reduction program to support margin expansion and attractive EPS growth despite facing a backdrop of muted revenue growth," analyst Thomas Wadewitz wrote.

Persons: Flywire, Nate Svensson, That's, Svensson, — Alex Harring, Gross, Manav Gupta, Gupta, Jairam Nathan, Nathan, Tesla, Li, Edison Yu, Yu, Piper Sandler, Arvind Ramnani, Chegg, Ramnani, Alex Harring, Tyler Radke, Palantir, Radke, BTIG, Peter Saleh, Saleh, McDonald's, Thomas Wadewitz, Wadewitz, Fred Imbert Organizations: CNBC, Parcel Service, Deutsche Bank, UBS, Leadership, Li Auto, KraneShares CSI China Internet, Citi, Wall, Revenue, UPS Locations: Tuesday's premarket, Monday's, U.S, Israel

☆ Jim Cramer says the stock market rally has stalled because of two important reasons
▼ + stars: | 2024-02-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. But Jim Cramer said, "It is not a broadening rally. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Eli Lilly, Lilly, Jim, David Simon, Tim Cook's, We're, Edwards Lifesciences, Jim Cramer's Organizations: CNBC, Broadcom, Nvidia, Micro, New York Community Bancorp, Signature Bank, Silicon Valley Bank, Linde, Club, DuPont, Air Products, Chemicals, Simon Property, GE Healthcare, Technology, Apple, Vision, Ford, Motors, Tesla, Enphase Energy, CVS Health, Yum Brands, Disney, Wynn Resorts, Jim Cramer's Charitable Locations: We're, New York, Silicon, China, Amgen

☆ Sonos shares rise 12% on earnings and revenue beat
▼ + stars: | 2024-02-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Patrick Spence, president and CEO of Sonos, speaks during a Bloomberg Technology Television interview in San Francisco on Feb. 11, 2019. Sonos shares rose over 12% in extended trading Tuesday after the speaker company reported fiscal 2024 first-quarter sales and earnings that exceeded Wall Street expectations. Here's how Sonos did versus consensus expectations from LSEG, formerly Refinitiv:Earnings per share: 64 cents vs. 40 cents expectedRevenue: $613 million vs. $587 million expectedSales fell 9% from the same period last year. Sonos reported $80.9 million in net income, or 64 cents per share, versus $75.2 million, or 57 cents per share, last year. "Despite the challenging environment, we are winning in the market and outperforming the competition," Sonos CEO Patrick Spence said in a statement.

Persons: Patrick Spence, Sonos, Bose, Spence Organizations: Sonos, Bloomberg Technology Television, Apple, Google Locations: San Francisco

☆ Citadel is on top, and Schonfeld is picking up steam. Here's how hedge funds kicked off the new year.
▼ + stars: | 2024-02-02 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Hedge funds are off to a good start in 2024 after mediocre performance last year. January returns were strong at multi-strategy managers like Citadel, Point72, and Millennium. A leaner Schonfeld closed out a rough 2023 on high note, and it's kept the momentum going in 2024. In 2023, even the best multi-strategy hedge funds trailed the broader stock market. Citadel led its peers with a 15.3% gain last year, but the S&P 500 notched a total return of 26.3%.

Persons: it's, Ari Glass Organizations: Citadel, Business Locations: Point72, Wellington

☆ Nextracker CEO says 'solar is unstoppable' as market sees 'unprecedented demand growth'
▼ + stars: | 2024-02-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Solar power is on a path to double every two to three years amid an "unprecedented period of demand growth" for new electricity generation, the CEO of Nextracker told CNBC. "Solar is unstoppable," Nextracker founder and CEO Dan Shugar said in an interview after the company's latest quarterly report. Nextracker manufactures systems for solar panels to track the direction of the sun. While the solar industry is fighting to emerge from the doldrums, Nextracker is significantly outperforming the sector. The company also raised its net income guidance for the year to $374 million to $429 million, compared to $237 million to $266 million previously.

Persons: Nextracker, Dan Shugar, Shugar Organizations: CNBC, Lazard Locations: U.S

☆ Apple will report earnings after the bell
▼ + stars: | 2024-02-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +5 min

Apple reports fiscal first-quarter earnings after the bell. Investors will be closely watching to see if Apple guides to growth again in the current quarter. Some analysts believe Apple's iPhone revenue may look good in a soft market quarter, outperforming rivals that are also seeing weak demand. But a strong quarter of iPhone sales over the holiday season could mean a seasonally weak March quarter. "We remain comfortable with our current assumption of muted uptake for the device under 1% of Apple sales this year and next," Rosenblatt analyst Barton Crockett wrote in a note Wednesday.

Persons: Tim Cook, Samik Chatterjee, Apple hasn't, Apple, Morgan Stanley, Erik Woodring, IPhones, Chatterjee, Rosenblatt, Barton Crockett Organizations: Apple, Management, Vision, JPMorgan, Apple Watch, Huawei, Amazon, Apple's, CNBC PRO Locations: Cupertino , California, China, F1Q24, U.S, F4Q, C4Q

☆ We're hiking Eaton price target on signs the post-earnings rally to all-time highs has legs
▼ + stars: | 2024-02-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Of the 18% that have actually started construction, Eaton has seen a strong win rate of approximately 40% for its electrical equipment. Electrical Americas achieved all-time record sales, profit, and margins with broad base growth in nearly all its end markets. Electrical Global also achieved record sales and profits as organic growth increased 4% year over year, a nice pickup from the flat third quarter. Both book-to-bill ratios are above 1.1, indicating strong growth for the future. By end market, Eaton expects Electricals Americas organic growth of 9% to 11% with operating margins around 26.8% to 27.2%.

Persons: Eaton, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, Electrical, Electrical Global, It's Aerospace, Boeing, Aerospace, Jim Cramer's Charitable, CNBC, Eaton Corporation, NYSE Locations: North America

☆ This new fund helps investors get behind companies that treat workers well and have positive social tailwinds
▼ + stars: | 2024-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Asset manager Impax has debuted a new socially responsible investing strategy, allowing investors to support companies with a track record of employee satisfaction. "The market typically ignores culture," said Fairbanks, who worked in sustainable investing for more than a decade before joining Impax. This strategy has evolved into the Impax Global Social Leaders Fund (IGSLX) launched late last year. To rank companies, Impax found relevant data from third-party sources before diving into fundamental research. A look inside the fund There are some stocks in the fund that Fairbanks sees as particularly exemplary of the broader strategy.

Persons: Impax, Amber Fairbanks, Fairbanks, it's Organizations: Impax, Social Leaders Fund, It's, Harbor Capital Advisors, Fairbanks, Nvidia Locations: MSCI

☆ Get Jim Cramer’s rapid-fire takeaways on 5 stocks in the news Thursday
▼ + stars: | 2024-02-01 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Merck — Jim Cramer described Merck's results as a "monster quarter," pointing out cancer drug Keytruda, which saw sales up double digits on a percentage basis. The CNBC Investing Club portfolio owns a few health- and drug-related stocks, including the outperforming Eli Lilly . It had been a "miss, miss, miss," but now that Covid is over people are doing things they put off. Steinberg "helped turnaround Pinterest," Jim said, adding that he sees Etsy at around $73 per share as a buy. Jim said, "It's a show me story and they have not shown me yet."

Persons: Merck, Jim Cramer, Eli Lilly, Jim, he's, Marc Steinberg, Elliot, Steinberg Organizations: CNBC, Club, Royal Caribbean, Elliot Management

We're selling 95 shares of GE Healthcare at roughly $74. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 1,150 shares of GEHC, reducing its weighting to 2.75% from 2.97%. If hospitals have more of a wherewithal to invest in medical equipment, some of that will go to GE Healthcare. Philips orders have been down for six quarters in a row, but GE Healthcare hasn't seen that weakness yet. With Wednesday's sale, we'll realize a small loss of about 7% on GEHC stock purchased last May.

Persons: Jim Cramer's, GEHC, We've, Jim Cramer, Jim Organizations: GE Healthcare, JPMorgan Healthcare, Philips, GE, JPMorgan, GE Healthcare hasn't, CNBC Locations: China, GEHC

☆ Ukraine: Europe is braced for a showdown on funding
▼ + stars: | 2024-01-31 | by ( Luke Mcgee | ) edition.cnn.com time to read: +7 min

Hungarian Prime Minister Viktor Orban says he doesn’t oppose European funding for Ukraine, but is insisting that the money should not come out of the EU’s budget. It is widely suspected that Orban is using his veto on the funds for Ukraine to force Brussels into unlocking the money for Hungary. Beyond Europe, there are also major concerns about what a second Donald Trump presidency would mean for Ukraine and European security as a whole. As the Ukraine crisis approaches the two-year mark it is becoming increasingly difficult for Europe to manage. On the other, the consequences of Ukraine losing the war could be unconscionable for the rest of Europe.

Persons: Viktor Orban, Orban, Critics, Balázs, “, Jens Stoltenberg, Francois Mori, Vladimir Putin, Donald Trump, Trump, Putin Organizations: CNN —, European Union, Kyiv, EU, CNN, Financial Times, Ukraine, “, NATO, Getty, Hungarian, European Council, Foreign Affairs Locations: Brussels, Ukraine, Hungary, Russian, United States, Washington, Hungarian, “ Brussels, there’s, Budapest, Kyiv, AFP, Russia, Israel, EU, Europe

☆ These Apple suppliers have the most to win or lose from the tech giant's upcoming earnings
▼ + stars: | 2024-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Reverberations from Apple 's earnings report will likely be felt across the hardware sector. A cottage industry of suppliers depends on Apple and the suppliers' stocks have a history of moving in tandem with the big technology name. To find these stocks, CNBC Pro screened FactSet for companies that provide Apple with supplies and have the highest correlation in stock price over a 20-week period. In 2023, the stock climbed nearly 39%, outperforming the broader market while underperforming the technology-heavy Nasdaq Composite . The average price target on the Street implies shares can add more than 4% in the next year.

Persons: Amkor, IXIC, Wall, Apple, —, Nick Wells Organizations: Apple, Investors, CNBC Pro, Nasdaq, Wall, Qualcomm Locations: underperformance

☆ Wall Street is on pace to finish January higher. Why that could be good news for the rest of the year
▼ + stars: | 2024-01-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

That's according to the "January barometer" from the "Stock Trader's Almanac," which argues that "as the S & P 500 goes in January, so goes the rest of the year." The S & P 500 has managed to trade above the 4,900 level already this month and is currently up 3.3% in the new year. That's enough to put the broad market index trading above Wall Street strategists' average 2024 target of 4,914, according to the CNBC PRO Market Strategist Survey. .SPX YTD mountain S & P 500 in 2024 Election Year Notably, 2024 is a U.S. presidential election year. By comparison, the S & P 500 typically gains 15% in those years with a higher January.

Persons: Stocks, Stephen Suttmeier, Suttmeier, Sam Stovall, Outperformers, Dow, Stovall, What's, — CNBC's Michael Bloom Organizations: Dow Jones Industrial, Nasdaq, Wall, CNBC, Market, Survey, Bank of America, Dow Jones Locations: U.S

☆ Microsoft gets a price target hike after posting a great quarter driven by AI
▼ + stars: | 2024-01-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Microsoft reported strong fiscal second-quarter results Tuesday, boosted by the strength of AI. Cloud unit Azure was better than expected thanks to organizations running AI applications on its cloud. That's double from last quarter as Azure AI customers grew to 53,000 from more than 18,000 last quarter. What's fascinating about Azure AI is that over one-third of its customers are completely new to Azure, according to Microsoft, highlighting the importance every organization has in understanding its AI strategy. Microsoft guided Productivity and Business Processes revenues to $19.3 billion to $19.6 billion, ahead of the consensus of $19.45 billion.

Persons: Satya Nadella, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Microsoft, Revenue, LSEG, Nvidia, AMD, Productivity, LinkedIn, Activision Blizzard, Windows, Activision, CNBC, CES, Bloomberg, Getty Locations: Las Vegas

☆ This little-known genome editing stock is poised to surge more than 60%, JPMorgan says
▼ + stars: | 2024-01-29 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

JPMorgan thinks investors should flock to biotechnology company Beam Therapeutics , which the firm says stands to benefit from increased market share and a strong gene therapy pipeline. "We see BEAM outperforming our coverage over the mid-term, with current levels being an attractive entry point," the analyst said. The stock is down more than 4% so far this year, and has lost more than 42% over the past 12 months. BEAM 1Y mountain Beam stock. He added that BEAM-302 is "uniquely positioned" as a one-time genetic medicine for AATD, particularly given its success in preclinical trials.

Persons: Eric Joseph, Joseph Organizations: Beam Therapeutics, TAM Locations: U.S, 1H24

☆ 'The trend is your friend': A professional trader who spotted last year's market rally early encourages investors to ride stocks to new highs — especially these 20 hot investments
▼ + stars: | 2024-01-27 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Advertisement"I don't want to doubt this market," Salama said. Stocks will pause soon but still have upsideFollowing a brief consolidation period in early January, the S&P 500 has taken off again and set a streak of record highs. Chances are, the S&P 500 will top out around current levels of 4,900, Salama said. Even if the S&P 500 takes a hit, Salama doesn't think it will be down for long. Within the consumer discretionary sector, Salama expressed interest in e-commerce, cloud computing, and media powerhouse Amazon ( AMZN ).

Persons: —, John Salama, wasn't, Salama, we've, Stocks, It's, Salama doesn't, Russell, he's Organizations: Service, Business, Dow Jones, Microsoft, Netflix, Nvidia, Devices, Apple, AMD, Communication, Healthcare Locations: what's

☆ A fund manager who has outperformed 95% of competitors over the last 5 years shares the one metric he looks for in his investments — and recommends 3 contrarian stock picks
▼ + stars: | 2024-01-26 | by ( Mark Reeth | ) www.businessinsider.com time to read: +7 min

With so much optimism infusing markets at the moment, it's almost refreshing to chat with a pessimist like Guy Pope, the manager of Columbia Threadneedle's Contrarian Core Fund. Employing a philosophy of finding out-of-favor contrarian investments, he doesn't use complicated algorithms or obscure metrics to find the stocks he adds to his fund. AdvertisementStart with pessimismWhen it comes to consistently outperforming the market, Pope credits his success to one main factor: searching areas that other people aren't focused on. That turned out to be a prescient move the following year, when the market tanked and the growth stocks that had been flying so high were brought low. Advertisement3 contrarian stock picksA straightforward strategy and a distinctly disciplined approach have combined to give Pope and his fund a leg up on the competition.

Persons: Guy Pope, He's, Russell, —, Pope, he's, Pope doesn't, it's, Elevance, lockdowns, Charles Schwab Organizations: Service, Columbia, Business, CNBC, Elevance, Nike

☆ I’ve never gotten as much feedback on any segment in my life — Cramer says about bootingTesla from the Magnificent Seven
▼ + stars: | 2024-01-26 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said he's never received more executive feedback on a "Mad Money" segment than he has for his Thursday night commentary in which he booted Tesla from the "Magnificent Seven" after the electric vehicle maker's disappointing earnings report and 2024 outlook. This was the most feedback I've ever had from a piece from CEOs," Cramer said Friday on "Squawk on the Street," the morning financial markets show he co-hosts on CNBC. He's been the lone host of "Mad Money," an evening program, since 2005. The colloquial moniker for the group of technology stocks came into being on Wall Street last year amid their strong outperformance compared with the broader market. Shares of Tesla tumbled 12% Thursday, their worst day in more than a year, as Wall Street digested the results and earnings-call commentary.

Persons: CNBC's Jim Cramer, he's, Tesla, I've, Cramer, He's, Elon Musk, Jim Cramer's Organizations: CNBC, Apple, Nvidia, Microsoft, Club

☆ Hyundai Motor's fourth-quarter net profit rises 31%, misses forecasts
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: +2 min

Hyundai Motor, the world's No.3 automaker by sales with its affiliate Kia Corp, reported a net profit of 2.2 trillion won ($1.65 billion) for the October-December period versus a profit of 1.7 trillion won a year earlier. That compared with a 2.9 trillion won average forecast by LSEG SmartEstimate, which is weighted towards estimates from analysts who are more consistently accurate. It expects a 4.9% jump in North American vehicle sales but a 3.7% drop and 0.6% fall in vehicle sales in China and Europe, respectively. "Hyundai Motor expects the business environment will remain difficult to predict, due to macro uncertainties centered on emerging markets and a downturn in the real economy," Hyundai Motor said in a statement. Shares in Hyundai Motor were trading up 2.0% after it reported its earnings, outperforming 0.1 rise for the benchmark Kospi.

Persons: Hyundai, LSEG SmartEstimate, Lee Jae, Lee Organizations: Hyundai, Hyundai Motor, Kia Corp, Eugene Investment, Securities Locations: San, San Leandro , California, South, Russia, China, Europe

☆ Forget the 'Magnificent 7,' these Nasdaq stocks are next in line to lead rally, according to the charts
▼ + stars: | 2024-01-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

We know all about the Nasdaq-100 index and the 'Magnificent 7' hype lately, but what about the stocks next in line? Well, the Invesco NASDAQ Next Gen 100 ETF (QQQJ) tracks the next biggest 100 Nasdaq stocks after the Nasdaq 100 – roughly Nasdaq stocks Nos. This isn't a surprise given that tech is the biggest sector in the Nasdaq Composite itself. Most importantly, the top 10 NDX stocks represent nearly 46% of the entire index. In fact, a similar scenario occurred in 2022 that eventually led to QQQJ outperforming NDX later in the year.

Persons: QQQJ, QQQJ outperforming NDX, Frank Cappelleri Organizations: Nasdaq, NASDAQ Locations: QQQJ, Technology

☆ Opinion | A.I. Should Be a Tool, Not a Curse, for the Future of Work
▼ + stars: | 2024-01-24 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Folding clothes and wiring a new home were two of the tasks they were asked to think about. The date of 2047 for the 50 percent chance is 13 years earlier than researchers were estimating in a survey conducted one year earlier. It’s still possible for the human race to direct A.I. Gardeners use hoes and rakes rather than clawing the soil with their bare hands, right? Artificial intelligence can be the hoes and rakes of the 21st century.

Persons: ”, Ethan Mollick, “ America’s Organizations: Wharton School, University of Pennsylvania, Gardeners

☆ Asia markets poised for stronger open as investors expect Bank of Japan to keep its policy unchanged
▼ + stars: | 2024-01-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Bitcoin , the world's most popular cryptocurrency, fell decidedly below $40,000 for the first time this year. Bitcoin has fallen 14% since Jan. 10, the day the SEC allowed ETF trading for the cryptocurrency. "It feels like Bitcoin investors are running up a descending escalator right now as traditional financial benchmarks enjoy the easier ride to record highs. The Grayscale Bitcoin Trust ETF is the world's largest, with over $25 billion in assets under management. CEO of Grayscale Investments Michael Sonnenshein told CNBC last week that most of the approved bitcoin ETFs won't survive.

Persons: Bitcoin, Antoni Trenchev, Michael Sonnenshein Organizations: Metrics, SEC, CNBC Locations: Asia

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