Tag: investment

The recent rally in Bitcoin Exchange-Traded Funds (ETFs) has ignited a resurgence in the digital asset investment arena, instilling confidence within the crypto community. James Butterfill, CoinShares’ Head of Research, notes a significant milestone as Bitcoin ETFs attracted an impressive inflow of $862 million last week, marking a notable turnaround.

In a recent exclusive interview, renowned investor Mark Yusko made a bold prediction regarding the future of Bitcoin, foreseeing a surge in its price to six figures. Yusko, the CEO and Chief Investment Officer of Morgan Creek Capital Management, has long been a vocal advocate for Bitcoin and cryptocurrency as a revolutionary asset class.

In a significant stride towards democratizing access to artificial intelligence technologies, MyShell, a pioneering startup, has announced securing a substantial $11 million in its latest funding round. The investment injection is earmarked to accelerate the development of MyShell’s groundbreaking decentralized AI consumer layer.

Bitcoin (BTC), the largest cryptocurrency, surged 5% over the weekend, reaching $67,500. With the Bitcoin halving event just three weeks away, investors are starting to build up their positions in preparation. Famous investor and writer Robert Kiyosaki has stated that he intends to increase his Bitcoin holdings by an extra 10 Bitcoin before April, driven by the upcoming halving event.

A few years ago, cryptocurrency firms were prominently featured in Super Bowl advertising, indicating a possible change toward general acceptance of cryptocurrencies as regular investment possibilities. As we all know, this didn’t work then. However, there are always grounds for optimism. Controversial sectors under examination in Washington have a tried-and-true strategy: persuade politicians that business is important to citizens, who will vote out legislators they perceive to be unfriendly.

The total inflows into the nine spot Bitcoin ETFs established in the United States appear to be drying up quickly, with net inflows of $150 million or less over the previous several days. On the other side, outflows from the Grayscale Bitcoin ETF GBTC have increased once more.

Binance, one of the leading cryptocurrency exchanges, made an unexpected move by listing Book of Meme (BOME) for spot trading on March 16, 2024, at 12:30 (UTC). This action by Binance is notable due to the rarity of spot listings following futures, which typically take longer to materialize. The sudden listing of BOME led to a significant surge in its value, with the MEMECOIN experiencing a remarkable 243% increase in 24 hours.

Paradigm, a leading venture capital firm, is currently in advanced discussions to spearhead a substantial funding round for Monad Labs. The investment, which is anticipated to exceed $200 million, is positioned to be one of the most significant funding rounds within the cryptocurrency sector for the year 2024. Founded in 2022 by two former employees of Jump Trading, Monad Labs entered the scene with an ambitious objective: to construct a high-speed Layer 1 (L1) blockchain platform aimed at outpacing Ethereum in terms of performance and scalability.

VanEck, a prominent investment management firm, has announced a significant update regarding its VanEck Bitcoin Trust (HODL). Starting from tomorrow, investors will have the unique opportunity to invest in the VanEck Bitcoin Trust (HODL) without incurring any fees until March 31st, 2025. During the outlined period, commencing on March 12, 2024, and concluding on March 31, 2025, VanEck will waive the entire Sponsor Fee for the first $1.5 billion of the Trust’s assets. In the event that the Trust’s assets surpass $1.5 billion before March 31, 2025, a nominal Sponsor Fee of 0.20% will be applied to assets exceeding this threshold.

BlackRock, one of the world’s largest asset management firms, has officially updated its spot Bitcoin ETF Bitcoin holdings data, revealing a significant increase in its cryptocurrency assets. As of March 11, the firm’s Bitcoin holdings surpassed 200,000, reaching 203,754.8 BTC, with a market value of approximately US$14.76 billion.