Bill Miller is set to increase his Bitcoin exposure by plowing 15% of one of his portfolios to buy Grayscale BitcoinTrust shares.
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Bill Miller is set to increase his Bitcoin exposure by plowing 15% of one of his portfolios to buy Grayscale BitcoinTrust shares.
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The rise of bitcoin is hurting the gold market and may continue to do so for many years to come as institutional adoption grows, according to JPMorgan Chase & Co strategists. Led by Nikolaos Panigirtzoglou, the strategists noted the declining inflow of funds allocated to gold exchange-traded funds (ETFs) since October, as flows into bitcoin […]
The post Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan appeared first on Bitcoin News.
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Grayscale Investments has surpassed $10 billion in cryptocurrency assets under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins. Over $10 Billion Under Management Grayscale Investments announced Tuesday that it has surpassed a major milestone in cryptocurrency assets under management (AUM), which the total now stands […]
The post Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust appeared first on Bitcoin News.
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JPMorgan has highlighted evidence of institutional demand for bitcoin and investors moving from gold exchange-traded funds (ETFs) to the cryptocurrency. The firm points out that bitcoin demand is driven not only by younger retail investors but also by institutional investors, such as family offices and asset managers. Gold ETF Investors Moving to Bitcoin JPMorgan’s Global […]
The post JPMorgan’s Analysis Shows Institutional Investors Moving From Gold ETFs to Bitcoin appeared first on Bitcoin News.
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The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around […]
The post $10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply appeared first on Bitcoin News.
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Grayscale Investments says the registration statement on Form 10 that it filed with the U.S. Securities and Exchange Commission (SEC) on behalf of the Ethereum Trust has become effective. This means Ethereum Trust is now an official SEC reporting company and the second digital currency investment product to achieve the milestone. Grayscale’s BTC Trust (GBTC) […]
The post Grayscale’s Ethereum Trust Attains SEC Reporting Company Status appeared first on Bitcoin News.
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When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge against fiat inflation. Now, it appears major global companies are […]
The post Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset appeared first on Bitcoin News.
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