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ARK Bought $62.3M Worth of Own ETF in Last Week; Sold $42.7M of BITO
26.1.2024
ARKW now holds $91.4 million of ARKB, constituting a 5.98% weighting of the fund's total value
Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses
24.1.2024
Gold bug and economist Peter Schiff has warned of deeper losses for spot bitcoin exchange-traded funds (ETFs), emphasizing that they are “now in bear markets.” Referencing the Proshares Bitcoin Strategy ETF which is down more than 50% in over two years, Schiff predicted that those...
Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitcoin ETF
19.1.2024
Ark Invest has transitioned $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF. Cathie Wood’s Ark Invest Redirects Millions to In-house Bitcoin ETF Ark Invest, led by fund manager Cathie Wood, has made several trades based around bitcoin...
ProShares Bitcoin Strategy ETF (BITO) Surpasses $2 Billion in Assets, Sets All-Time High
10.1.2024
Image Source: Adobe The ProShares Bitcoin Strategy ETF (BITO), an exchange-traded fund focused on Bitcoin (BTC) futures, has amassed over $2 billion in assets, reaching an all-time high. According to data by YCharts, BITO’s assets stood at $2,010,057,946 as of the market close on January...
Cathie Wood's ARK Invests in ProShares Bitcoin ETF After Dumping Grayscale Holdings
28.12.2023
The investment fund bought $9.2 million worth of BITO shares while selling $27.6 million worth of COIN
El Salvador’s Bitcoin Strategy Pays Off with $3.6 Million Profit – Will President Nayib Bukele Sell BTC Holdings?
4.12.2023
El Salvador Flag With BTC Tokens / Source: Adobe The Bitcoin (BTC) price, which briefly surpassed $42,000 on Monday for the first time since April 2022, has risen back above El Salvador’s average purchase price, putting the emerging Central American nation’s crypto bet back in the green....
Will Bitcoin Futures ETFs Crumble After Spot ETF Approval? Interview With ProShares
2.12.2023
Source: Adobe Stock As Bitcoin (BTC) surged passed $38,000 in November, the ProShares Bitcoin Strategy ETF (BITO) has tapped a new all-time high for assets under management (AUM). On Tuesday, the fund’s Bitcoin futures contracts reached a record $1.47 billion in value. That’s up from $1.1 billion...
Microstrategy’s Bitcoin Stash Grows to 174,530 BTC With Latest Purchase
1.12.2023
Microstrategy has expanded its bitcoin holdings with the acquisition of 16,130 more bitcoins. With this latest purchase, the Nasdaq-listed software intelligence firm is now hoding 174,530 bitcoins, acquired for around $5.28 billion. Since adopting its bitcoin strategy, Microstrategy’s stock...
Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy
12.8.2023
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock...
MicroStrategy to stay on Bitcoin course even if spot ETFs approved: Saylor
3.8.2023
Michael Saylor compared his firm to a “sportscar” whereas a spot ETF will be like a “supertanker” when it came to giving investors Bitcoin exposure
ProShares Says Bitcoin ETF Has Matched BTC Price Closely, 'Roll Cost' Concerns Are Unwarranted
21.7.2023
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low tracking error, the firm said
ProShares’ Bitcoin Futures ETF Increasingly Underperforms BTC This Year: K33 Research
30.5.2023
The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price
Microstrategy Buys 6,455 More Bitcoin — Now Holds 138,955 BTC
27.3.2023
Microstrategy has purchased 6,455 bitcoins for approximately $150 million at an average price of $23,238 per coin. With its latest purchase, Microstrategy now holds 138,955 bitcoins acquired at an average of $29,817 per coin. Moreover, the company also paid off its loan from troubled Silvergate...
El Salvador’s Bitcoin strategy evolved with the bear market in 2022
6.1.2023
After making Bitcoin legal tender in the country, El Salvador has faced a tough year of critics and the nonstop sinking of Bitcoin pricing
Over 70% of Surveyed El Salvador Citizens Say the Country’s Bitcoin Strategy Has ‘Failed’
20.10.2022
Just above three-quarters of surveyed Salvadorians reportedly see the adoption of bitcoin (BTC) as a failure.
According to the poll by the University of Central America (UCA), as reported by Barron’s, 77% of respondents consider the BTC adoption as legal tender in 2021, alongside the dollar,...
Microstrategy Outperforms Every Asset Class and Big Tech Stock Since Adopting Bitcoin Strategy, Says CEO
4.8.2022
Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO...
Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price?
22.5.2022
A dollar invested into Bitcoin every month since December 2017 has provided investors a cumulative return of $160
MicroStrategy’s New CFO Says Bitcoin Strategy Unchanged Amid Market Drop: Report
19.5.2022
Andrew Kang spoke to the Wall Street Journal Wednesday regarding MicroStrategy's bitcoin strategy
Simplify files with SEC for Bitcoin Strategy Risk-Managed Income ETF
20.4.2022
The asset manager said it would purchase “exchange-traded protective put options" and write "exchange-traded call options on Bitcoin futures and/or a Bitcoin related ETF or ETFs.”
ProShares files with SEC for Short Bitcoin Strategy ETF
6.4.2022
The exchange-traded fund will be based on daily investment results corresponding to the inverse of the return of the CME Bitcoin Futures Contracts Index for a day