MicroStrategy Inc. (NASDAQ: MSTR) has been considered an indirect Bitcoin spot ETF due to its treasury exposure to Bitcoin (BTC). The stock market now wonders if a Bitcoin ETF approval could negatively impact MSTR stock with capital outflow. By December 27, 2023, MicroStrategy held 189,150 BTC in its treasury – worth approximately $8.5 billion. Interestingly, MicroStrategy Bitcoin holdings already surpass ...
With the expectation that the most recent drive to list a spot Bitcoin exchange-traded fund (ETF) in the U.S. will be successful – with a possibility of an SEC approval coming as early as Wednesday, January 10 – another separate but related battle is taking shape. The ten applicants – VanEck, Bitwise, Fidelity, Franklin, Valkyrie, Hashdex, ArkInvest, Grayscale, BlackRock, WisdomTree, ...
While Bitcoin (BTC) has always been a focal point of interest for the crypto community and for those only slightly interested in cryptocurrencies, with various forecasts for its future – both in terms of price and utility – recent months have been particularly rife with hope and speculation. The most recent round of BTC discussions has largely been driven by ...
In what has been a rollercoaster in the previous day, investors have witnessed the historic approval of a spot-Bitcoin exchange-traded fund (ETF), just for it to turn out fake, sending waves across the cryptocurrency market and influencing Bitcoin (BTC) and other crypto assets price. Observations indicate a significant market response characterized by a substantial shift in trader interest toward Ethereum ...
On January 9, Veno Finance, a liquid staking protocol on Cronos (CRO), officially integrated with the zkSync Era Layer-2 blockchain scaling solution. This implementation enables users on zkSync Era to directly engage in Ethereum (ETH) token staking, earning Liquid ETH (LETH) tokens; this development expands opportunities for yield farming within the decentralized finance ecosystem of Veno Finance, as per the ...
The highly anticipated spot-Bitcoin exchange-traded fund (ETF) approval finally seemed to arrive on January 9. However, it turned out to be false hope for investors, as a tweet that announced it was deleted, and Security and Exchange Commission (SEC) chairman Gary Gensler said the SEC’s X profile was hacked. The recent dissemination of inaccurate information has resulted in the liquidation ...
Discussions about the Bitcoin spot ETF have dominated cryptocurrency investors’ talking circles in the last few weeks. This is due to expectations that the United States’ SEC could approve private ETFs indexed on Bitcoin’s (BTC) spot price. Notably, January 10 is the expected deadline for a decision by the Securities and Exchange Commission. Analysts and commentators are mostly optimistic about ...
Ripple reserved 200 million XRP ($112 million) for its treasury following January’s 1 billion tokens unlock. On January 7, the company first moved to sell half of this month’s supply inflation, according to onchain data. Notably, the sell-off followed a similar pattern to movements observed in the last year. It started with a transaction worth $56 million in 100 million ...
Bitcoin (BTC) reached a new multi-year high at $47,281 on January 8, 2024. Following its leadership, some cryptocurrencies have traded at higher prices and are threatening a retracement. While most people wait for good price performance to deploy capital into a given cryptocurrency, smart money avoids trading overextended speculative assets as part of a good risk management strategy. Interestingly, investors ...
Although the majority of assets in the cryptocurrency industry have turned a greener leaf in anticipation of an approval of the first spot Bitcoin (BTC) exchange-traded fund (ETF), XRP is recording losses in value. However, it has excelled elsewhere – in the number of active accounts. As it happens, the XRP token has recently reached a major milestone of over ...
