Tag: ETFs

ETFs collect 200,000 bitcoins in one month, surpassing MicroStrategy

ETFs collect 200,000 bitcoins in one month, surpassing MicroStrategy ETFs collect 200,000 bitcoins in one month, surpassing MicroStrategy

MicroStrategy, a company founded by Michael Saylor, has amassed 190,000 bitcoins (R$45 billion) in the past three years. However, with just one month of existence, new ETFs in the US have already exceeded that amount. While BlackRock holds 82,500 BTC in its ETF, Fidelity is close behind with 66,600 bitcoins. The sum of the two […]

Bitcoin drops to $40,300, but that’s not ETFs’ fault

Bitcoin drops to $40,300, but that’s not ETFs’ fault Bitcoin drops to ,300, but that’s not ETFs’ fault

Bitcoin traded at $40,300 on Friday afternoon (19th) and is down 18% since ETFs were approved in the US on the 11th. Although Grayscale’s ETF caused outflows of R$10.9 billion (US$2.2 billion), ETFs are not the most villainous in this story. The reason for mentioning this is related to the other nine ETFs on the […]

CEO of the largest Bitcoin ETF says not all managers will survive

CEO of the largest Bitcoin ETF says not all managers will survive CEO of the largest Bitcoin ETF says not all managers will survive

Michael SonnensheinCEO of Grayscale, doesn’t believe there is room in the US market for that many cash Bitcoin ETFs. Last week, the SEC approved 11 ETFs from different managers, and it’s likely others will embark on this journey as well. At the time of writing, Grayscale can proudly say that it has the largest Bitcoin […]

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