BlackRock’s Bitcoin ETF has $2 billion in assets under management — and is expected to soon surpass GBTC | CoinDesk JAPAN
BlackRock’s iShares Bitcoin ETF (IBIT) became the first Bitcoin (BTC) spot ETF approved in January to reach 2 billion in assets under management (AUM). USD (approximately 296 billion yen, equivalent to 148 yen to the dollar). However, it does not…
Ark buys $62.3 million worth of its own ETFs, BITO sells $42.8 million worth | CoinDesk JAPAN
ARK Invest sold the ProShares Bitcoin Strategy ETF (BITO) last week while adding to its spot Bitcoin exchange-traded fund (ETF). Cathie Wood’s investment firm has sold a total of 2,226,191 shares of the Bitcoin futures ETF BITO from the Next…
Bitcoin could reach the mid-$20,000 range: Former Ark crypto asset manager | CoinDesk JAPAN
Bitcoin (BTC) has not bottomed out yet, said Chris Burniske, a partner at venture capital firm Placeholder and former head of crypto assets at Ark Invest. He expects the stock to fall to at least the $30,000 to $36,000 range,…
What’s Going On With Microstrategy Stock?
Published by Benzinga MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Friday amid strength in Bitcoin (CRYPTO: BTC). Here’s a look at what’s going on. What To Know: Crypto-related stocks took a hit following the approval of Bitcoin spot ETFs, and…
Bitcoin ETFs More Likely ‘Off-Ramp For Whales’ Than ‘On-Ramp For Traditional Investors’: Analyst
Published by Benzinga Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) are emerging not as a gateway for mainstream investors but as an offramp for seasonedwhales, according to Schwab Network’s Oliver Renick. The stock market has undergone changes — valuations, a critical…
Wrapped Bitcoin’s Price Increased More Than 5% Within 24 hours
Published by Benzinga Over the past 24 hours, Wrapped Bitcoin’s (CRYPTO: WBTC) price has risen 5.75% to $41,969.00. This continues its positive trend over the past week where it has experienced a 1.0% gain, moving from $41,569.60 to its current…
Stocks Ease Despite Benign Inflation Data, Bitcoin Stages Comeback: What’s Driving Markets Friday?
Published by Benzinga Major stock indices were poised for a mixed session during midday trading in New York, with investors assessing another mild inflation report while taking note of personal spending growth that exceeded expectations. The Personal Consumption Expenditure (PCE)…
Bitcoin Halving Could Make 9 Of 11 Largest Public Miners Unprofitable: Analyst
Published by Benzinga The Bitcoin (CRYPTO: BTC) Halving in April could make nine of the 11 largest publicly traded Bitcoin miners unprofitable at a Bitcoin price of $40,000, according to a new Cantor Fitzgerald report. What Happened:A preview of the…
What’s Going On With Bitcoin-Miner Hut 8 Stock?
Published by Benzinga Hut 8 Corp. (NASDAQ:HUT) shares continue trading higher Friday after the stock gained nearly 15% on Thursday. Here’s a look at what’s going on. What To Know: Hut 8 announced the departure of its CCO Matt Prusak…
Bitcoin Health Rated A- By Lyn Alden: 5 Metrics That Make It ‘Highly Investable’
Published by Benzinga Bitcoin’s (CRYPTO: BTC) health received an A- from macro analyst and author of “Broken Money,” Lyn Alden of Lyn Alden Investment Strategy. She concluded the network is “highly investable, both in Bitcoin directly as an asset, and…