BlackRock’s Bitcoin Exchange-Traded Fund (ETF), known as the iShares Bitcoin Trust (IBIT), has made headlines by achieving record-breaking success. Launched this year, it has quickly amassed over $50 billion in assets, marking the strongest debut for any ETF in history. This rapid growth has significant implications for Bitcoin, pushing its price above $100,000 for the ...
Bitcoin exchange-traded funds (ETFs) have experienced significant outflows, totaling $1.5 billion over just four days, coinciding with a decline in Bitcoin’s price to around $96,000, down 11% from its recent high of $108,268. This shift in investments reflects caution among investors, especially as Bitcoin sees its first weekly decrease since the election of Donald Trump. ...
Strive Asset Management is launching a new ETF designed to give investors exposure to Bitcoin by focusing on “Bitcoin Bonds” tied to MicroStrategy’s holdings. This ETF will invest at least 80% of its assets in convertible securities and derivatives related to Bitcoin, aiming to capitalize on the increasing institutional interest in the cryptocurrency. Additionally, it ...
Strive Asset Management is introducing a new ETF called the Bitcoin Bond ETF, which will provide investors exposure to Bitcoin through convertible securities, focusing mainly on MicroStrategy’s holdings. This ETF plans to invest at least 80% of its assets in these “Bitcoin Bonds” and other related derivatives. It aims to capitalize on the increasing institutional ...
Jeff Park from Bitwise Invest suggests that Bitcoin’s price could soar to $1 million if the U.S. establishes a Bitcoin reserve. He believes this scenario is plausible for 2025 but only expects a modest 10% federal reserve next year. This idea gained traction after Senator Cynthia Lummis proposed a bill for the U.S. Treasury to ...
Bitcoin is currently priced around $95,000 after dropping from a recent peak of $108,353. This marks its first significant decline since the election of President Trump in November. Although Bitcoin faced a tough week, some institutions, like Japan’s Metaplanet, are taking the opportunity to buy, investing nearly $60 million to acquire Bitcoin during this dip. ...
MicroStrategy is making big waves in the Bitcoin Market, having recently purchased over 134,000 BTC in November 2024 alone. This amount surpasses their previous highest buys during the 2021 bull Market. The company’s major acquisitions include 27,200 BTC at around $74,000 each, followed by 51,780 BTC, and their largest purchase of 55,500 BTC at nearly ...
Michael Saylor, the founder of MicroStrategy, has introduced a new framework aimed at integrating digital assets into the U.S. financial system. This framework is designed to provide regulatory clarity, governance standards, and promote interoperability, which could encourage more institutional investment in cryptocurrencies. Saylor envisions massive growth in digital currency markets and suggests that a strategic ...
In 2024, Bitcoin’s price skyrocketed over 140%, hitting the significant milestone of $100K by December. This remarkable surge was largely fueled by the launch of Bitcoin Spot ETFs and the scarcity created by the fourth halving event, which limited supply. Additionally, the election of Donald Trump, a pro-crypto candidate, bolstered investor confidence heading into 2025. ...
Bitcoin has reached a new milestone, surpassing $107,000 for the first time, following a surge in positive Market sentiment. This excitement has been fueled by discussions of a potential national bitcoin reserve and an expected cut in interest rates. Many on Wall Street are optimistic, with some forecasting that bitcoin could hit $500,000 by 2025. ...
