Archive for April 2024
ARK Liquidates Remaining ProShares Bitcoin Futures ETF Holdings.
Cathie Wood’s investment firm, ARK Invest, completed the sale of its remaining shares in the ProShares Bitcoin Strategy ETF (BITO) on Thursday. The firm sold 237,983 BITO shares, valued at $6.7 million based on Thursday’s closing price of $28.22, from its Next Generation Internet ETF (ARKW). Last year, ARK initially purchased over 4 million BITO…
Bitcoin continues to hover around $64K, with the Japanese Yen’s decline potentially indicating ‘currency turmoil,’ says analyst.
In an interview, Noelle Acheson highlighted the potential ripple effects of the yen’s recent sharp decline against the U.S. dollar, suggesting that other fiat currencies might face similar volatility. With U.S. interest rate cuts appearing unlikely due to persistent inflation, investors may turn to alternative assets like gold and bitcoin. The yen’s significant drop against…
Friend.Tech’s financial indicators are on the rise in anticipation of an upcoming airdrop and the release of Version 2.
Built on Base, a layer-2 network, Friend.Tech introduces a novel concept where crypto influencers on X can issue “shares” for exclusive access to closed group chats. These chats offer valuable insights into trading, token selections, and potential seed-funding opportunities, increasing the attractiveness of the shares for users. Anticipation builds as version 2 of the application…
VanEck CEO believes that the transaction fee is a more significant story than the potential approval of Bitcoin or Ethereum ETFs.
Jan Van Eck, CEO of VanEck, expressed concerns about the potential delay of Ethereum exchange-traded funds (ETFs) due to a lack of response from the U.S. Securities and Exchange Commission (SEC). He suggested that the cryptocurrency industry should shift its focus towards transaction fees rather than Bitcoin (BTC) and Ethereum (ETH) or their associated ETFs.…