NAWOT NEWS

Bank of America: After Tech Stocks Bitcoin is Now The 3rd Most Crowded Trade

Bank of America’s latest global fund manager survey shows that “long bitcoin” is now the third most crowded trade. The most crowded trade is now “long tech stocks,” followed by “long ESG.”

Bank of America’s global fund manager survey for July, published Tuesday, shows that “long bitcoin” has fallen to third place among the most crowded trades. The Global Fund Manager Survey is Bank of America Securities’ monthly report that canvasses the views of approximately 200 institutional, mutual, and hedge fund managers around the world.

The most crowded trade is now “long tech stocks,” followed by “long ESG,” and “long bitcoin.” “Long commodities” has fallen to fourth place from being the most crowded trade last month.

More Info: https://news.bitcoin.com/bank-of-america-bitcoin-3rd-most-crowded-trade-tech-stocks-esg-fund-manager/