Micro-strategy bought 30,000 digital currencies
A few days ago, Microstrategy, a US-listed company known for its accumulation of Bitcoin (BTC), released its fourth quarter financial report for 2023.
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A few days ago, Microstrategy, a US-listed company known for its accumulation of Bitcoin (BTC), released its fourth quarter financial report for 2023.
BITO, the ProShares Bitcoin Strategy ETF, surged to an all-time high with over $2 billion in assets by January 8, 2024. Simeon Hyman highlighted Bitcoin's consistent uptrend amidst challenges. BITO's growth signifies increasing investor interest in Bitcoin-related investments and the broader acceptance of cryptocurrencies in the market.
According to Jess Houlgrave, crypto companies are taking to the stablecoin settlement layer offered by Checkout.
A moment like this, when crypto markets are shaky, could be the best time to figure out what to do (or not to do) with your investments.
To lessen the impact of volatility on the overall purchase, investors use the dollar-cost averaging (DCA) investment technique to spread out the total amount to be invested among multiple purchases of a target asset.
Lower transaction volumes than ProShares are to be expected, but VanEck hopes lower fees will give it an edge over the competition.
The asset manager said it would buy “exchange-traded protective puts” and sell “exchange-traded calls on bitcoin futures and/or bitcoin-related ETFs.”
The exchange-traded fund will be based on daily investment results corresponding to the inverse of the return of the CME Bitcoin Futures Contracts Index for a day.
The asset manager said it would purchase “exchange-traded protective put options” and write “exchange-traded call options on Bitcoin futures and/or a Bitcoin related ETF or ETFs.”