Tag Archives: Bitcoin

VanEck CEO Waives Fees On Bitcoin Trust HODL For The First $1.5 Billion — Says ‘We’re Right In The Middle’ Of The Bitcoin Cycle

VanEck CEO Waives Fees On Bitcoin Trust HODL For The First $1.5 Billion — Says ‘We’re Right In The Middle’ Of The Bitcoin Cycle

When the spot exchange-traded funds (ETFs) were set for release in early 2024, the main metric many looked at to differentiate the many options was the expense ratio or the amount of fees charged by the ETF sponsor. For some, the fees were relatively low, but others, such as Grayscale Bitcoin Trust (GBTC), were high. This difference became apparent when GBTC began experiencing huge outflows after its ETF was converted from a futures-linked ETF to a spot ETF. Many who had invested in GBTC when… Source link

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Michael Saylor is never selling MicroStrategy’s bitcoin

Michael Saylor is never selling MicroStrategy’s bitcoin

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Even by the standards of bitcoin bulls, Michael Saylor stands out. The MicroStrategy executive chairman spends his days posting quasi-mystical bitcoin memes and prophet-like pronouncements (see his pinned post on X). His company now holds 205,000 bitcoins (~$14.5 billion right now) and he’s spearheaded MicroStrategy’s transition from a modest business software company… Source link

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Bitcoin Hovers Near All-Time Peak as Crypto Draws Record Inflows

Bitcoin Hovers Near All-Time Peak as Crypto Draws Record Inflows

(Bloomberg) — Bitcoin is sustaining a record-breaking run, lifted by the unprecedented amounts of capital flowing into crypto products as well as a looming reduction in the digital token’s supply growth. Most Read from Bloomberg The original cryptocurrency reached an all-time peak of almost $72,881 on Monday and was trading at $72,220 as of 7:15 a.m. in London on Tuesday. A record $2.7 billion flowed into crypto assets last week, according to a report from CoinShares international Ltd.,… Source link

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Bitcoin Above $70K; MicroStrategy Takes On $700 Million In Debt Offering To Keep Buying

Bitcoin Above $70K; MicroStrategy Takes On $700 Million In Debt Offering To Keep Buying

Bitcoin catapulted above $70,000 for the first time when the market opened at 9:30 a.m. EST on March 8. The new high was $70,170, breaking last week’s record of just over $69,000. The token jumped above the $70,000 level briefly before selling off throughout the morning. At the time of writing, the price is moving between $68,000 and $69,000. The new high marks a sharp move upward from earlier this week. After reaching highs on March 5, the token sold off heavily and went as low as $59,000…. Source link

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