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Bitcoin Spot ETFs Hit Speed Bump As Grayscale Outflows Reach $302M In A Day, But 2 Firms Enjoy Inflows
Tuesday, April 2, 2024 - 10:33am | 634Bitcoin spot ETFs recorded a net outflow of $85.84 million on April 1, amid a broader slowdown in the digital asset investment space. What Happened: Data from SoSoValue shows a mixed picture for individual Bitcoin spot ETFs. Grayscale’s industry-leading GBTC (OTC:GBTC) fund experienced a...
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Is Donald Trump's Media Company Worth More Than Elon Musk's X?
Friday, March 29, 2024 - 3:11pm | 705Donald Trump's media company Trump Media & Technology Group (NASDAQ:DJT) hit the public market on Tuesday after a long-awaited SPAC merger was approved by shareholders. Here's a look at how the valuation of the company compares to recent valuation metrics for X, formerly known as Twitter. What...
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Fidelity Includes Staking In Spot Ethereum ETF Application
Wednesday, March 27, 2024 - 2:35pm | 479Fidelity Investments filed with the U.S. Securities and Exchange Commission Wednesday for a spot Ethereum ETF. What Happened: The S-1 filing, which includes staking capabilities, could be a significant development for Ethereum (CRYPTO: ETH) investors seeking a regulated way to gain exposure to the...
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Nancy Pelosi, Cathie Wood, NVIDIA Now Share Investments In This Pre-IPO, High-Growth Artificial Intelligence Company
Friday, March 22, 2024 - 12:57pm | 712The trading activity of members of Congress including former Speaker of the House Nancy Pelosi (D-Calif.) has gained increased attention from retail traders in recent years. A recent trading disclosure shows Pelosi is now an investor in a leading private data and artificial intelligence company....
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Nvidia Isn't The Only AI Contender, Fidelity Suggests Investors Look Beyond 'Hot AI Stocks': 'Names That Are Big Today May Not Be The Winners Of Tomorrow'
Friday, March 15, 2024 - 12:06am | 805The AI sector is currently the hottest in the market, and Fidelity International is advising investors to consider indirect plays in addition to the obvious choices, such as NVIDIA Corp (NASDAQ:NVDA). What Happened: Fidelity International, a financial services firm, has suggested that investors...
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DeFi's New Dawn: Ethereum's Surge Sets Stage for Unprecedented Growth
Wednesday, March 13, 2024 - 6:27pm | 863By Facundo Zamora, CEO Finanflix and Juan Ignacio Murua, CFO Finanflix Ever since Blackrock (NYSE: BLK) announced its Bitcoin (CRYPTO: BTC) ETF, the market cap of BTC has surged, now exceeding one trillion dollars—a monumental figure. To put this into perspective, even if you...
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Bitcoin ETF Investment Frenzy: $500M Rushes In, But Where's The Money Going?
Tuesday, March 12, 2024 - 9:08am | 439The cryptocurrency investment landscape witnessed significant activity with total net inflows into Bitcoin (CRYPTO: BTC) spot Exchange-Traded Funds (ETFs) reaching $505 million on Monday. The day's transactions on March 11 revealed a mixed picture of investor behavior, according to data...
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Bitcoin Spot ETF Inflows On Fire: Will Grayscale's Reign Be Overthrown?
Friday, March 8, 2024 - 1:28pm | 537Bitcoin (CRYPTO: BTC) spot exchange-traded funds are continuing their strong net inflows trend, challenging the top spot held by Grayscale's Bitcoin Trust (OTC: GBTC). What Happened: According to data from SoSoValue, total net inflows into Bitcoin spot ETFs on March 7...
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Bitcoin Moves To Reclaim All-Time High: Is This Your Last Chance To Buy Before $100,000?
Wednesday, March 6, 2024 - 11:11am | 827After dazzling the investing world with its breathtaking 12-fold rally in the aftermath of the COVID-19 pandemic, Bitcoin (CRYPTO: BTC) has drawn out investors who had invested at the peak of its 2021 bull run for nearly two and a half years. However, with the Securities and Exchange...
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Bad Buyout Blues: Banks Ready To Refinance Twitter/X Debt From $44-Billion Acquisition
Tuesday, March 5, 2024 - 2:10pm | 555Billionaire Elon Musk completed a $44 billion acquisition of social media platform X, formerly known as Twitter, in October 2022. The acquisition included the backing of several investors and multiple financial institutions providing financing for the deal. What Happened: Musk acquired Twitter...
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Bitcoin Tops $57,000, Fueled By BTC ETFs $520M Single-Day Inflow
Tuesday, February 27, 2024 - 9:58am | 922In a remarkable display of market strength, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have seen significant price increases, with Bitcoin soaring 10% to surpass the $57,000 mark and Ethereum rising 5% to exceed $3,200 on Tuesday. This upward trajectory comes alongside a record-breaking...
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Wall Street 'Loves Bitcoin,' Says Anthony Pompliano: All-Time High 'Pretty Much Guaranteed'
Monday, February 12, 2024 - 3:30pm | 644Anthony Pompliano, founder of Pomp Investments, underscored the voracious appetite of institutional investors for Bitcoin, which briefly touched the $50,000 mark in Monday morning trading. What Happened: "Wall Street doesn't just like Bitcoin (CRYPTO: BTC). They love Bitcoin,...
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Charles Schwab May Enter Bitcoin ETF Market, Analyst Predicts: 'They Could Have Something Up Their Sleeve'
Monday, January 29, 2024 - 1:29am | 374Charles Schwab, the multi-trillion-dollar asset management firm, could make its foray into the Bitcoin exchange-traded funds market, analysts predict. What Happened: This move follows the industry giants BlackRock and Fidelity, whose Bitcoin ETFs have garnered combined assets of nearly $4 billion...
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Bitcoin Pressure Eases As Profit-Taking Party Winds Down, JPMorgan Examines GBTC
Friday, January 26, 2024 - 9:32am | 649The Grayscale Bitcoin Trust (OTC: GBTC) has likely experienced the majority of its profit-taking, suggesting a potential reduction in downward pressure on Bitcoin (CRYPTO: BTC) prices. What Happened: JPMorgan (NYSE: JPM) analysts, led by market strategy managing director Nikolaos Panigirtzoglou,...
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SEC Delays BlackRock Ethereum ETF Decision Until March
Wednesday, January 24, 2024 - 5:47pm | 344The Securities and Exchange Commission (SEC) has postponed the deadline for passing a judgment on the proposed spot Ethereum (CRYPTO: ETH) exchange-traded fund by BlackRock Inc (NYSE: BLK) to March 10. What Happened: The SEC extended the decision-making time frame for the proposed rule...