BITPRISMIA
April was the toughest month yet for spot bitcoin ETFs, but the funds remain largely successful.
Bernstein analysts expect further consolidation ahead of Bitcoin’s halving event in April, with the bull market then continuing.
Such crypto ETNs would allow investors to trade securities that track crypto assets on the exchange during London trading hours.
Michael Saylor's MicroStrategy saw its overall value balloon as the company's bitcoin portfolio appreciated amid rising prices.
Ark Invest also sold $11.4 million worth of Robinhood shares as the firm continued to rebalance its fund weightings amid a surge in prices.
The firm's bitcoin balance is the highest its ever been, as bitcoin's price broke past $60,000 for the first time since October 2021.
Year-to-date inflows for crypto funds now exceed $5.7 billion, dominated by the new U.S. spot Bitcoin ETFs.
Block, the payments company led by Jack Dorsey, said the growth was mainly driven by an increase in the average market price of bitcoin.
Reddit filed to go public Thursday and it turns out the company has a small amount of cryptocurrencies on its balance sheets.
The Nasdaq-listed firm raised the capital from an undisclosed institutional investor to enhance its production capacity.