Category: News

Blackrock’s Bitcoin ETF Could Outshine S&P 500-Tracking SPY To Become Top Investment Vehicle But It Will Take A ‘Long’ Time, Says Prominent Analyst

Leading Bloomberg analyst Eric Balchunas said Monday that Blackrock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) could surpass SPDR S&P 500 ETF Trust (NYSE:SPY) to become the world’s top exchange-traded fund, but the process could take a long time. What Happened: Balchunas, who has over a decade of expertise analyzing ETFs, responded...
Read More

MicroStrategy Plans Special Shareholder Vote To Support Its $42 Billion Bitcoin Acquisition Strategy — Michael Saylor Says Proposals Support 21/21 Plan

MicroStrategy Inc. (NASDAQ:MSTR) announced a special shareholder meeting Monday to vote on proposals to support its ambitious $42 billion Bitcoin (CRYPTO: BTC) purchase plan. What happened: In a 14A filing shared with the SEC, executive chairman Michael Saylor proposed increasing the company’s authorized Class A shares from 330 million...
Read More

Robinhood CEO Vlad Tenev Says Open To Holding Bitcoin For Investment Purposes But It Could ‘Complicate’ Things For Investors

Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vladimir Tenev said Monday that the company doesn’t rule out the prospect of holding Bitcoin (CRYPTO: BTC) on the balance sheet for investment purposes, but there are some factors to consider. What Happened: In an interview with Anthony Pompliano, a well-known cryptocurrency advocate, Tenev indicated...
Read More

Bitcoin Flat, Ethereum, Dogecoin Spike Ahead Of Christmas: Analyst Says Decline In BTC Dominance Leaves ‘Room For Altcoins To Pick Up’

Bitcoin moved sideways while the altcoin market rallied significantly on Monday as traders pivoted away from the leading cryptocurrency ahead of Christmas. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m. ET) Bitcoin (CRYPTO: BTC) -0.37% $94,282.97 Ethereum (CRYPTO: ETH)                +4.35% $3,405.60 Dogecoin (CRYPTO: DOGE)           +4.51% $0.3227 What Happened: Bitcoin...
Read More