RE: Institutions.28 Sep 2021 09:47
Institutions own about 78% of the market value of the U.S. broad-market Russell 3000 index, and 80% of the large-cap S&P 500 index. In dollars, that is about $21.7 trillion and $18 trillion, respectively. By comparison, institutions hold about 58% of the companies in the S&P Euro index.
Institutions buying arb is just par for the course doesn’t make those institutions right.
This listing on Nasdaq has been shambolic wish it had been done on common shares. Naive investors will get confused with this listing and look elsewhere.
I see better value in hive bit farming and hut in North America