Following President-elect Donald Trump’s victory and the Republican Party’s success in the U.S. elections, Greg Cipolaro, the global head of research at NYDIG, is urging investors to stop avoiding bitcoin. Cipolaro asserts that the political landscape now makes it essential to include bitcoin in investment portfolios, highlighting the availability of “easy-to-access, well-regulated products like ETFs.” He warned that overlooking bitcoin could lead to significant financial disadvantages.

The sentiment around the cryptocurrency has been bullish, with bitcoin’s value increasing by 18% in just the past week. Market analysts, including those from JPMorgan and Bernstein, forecast further gains for bitcoin, influenced by large-scale investments and growing market interest. With predictions of bitcoin reaching as high as $250,000 by 2025, experts suggest that missing out on bitcoin now could be a costly mistake for investors.

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MicroStrategy has achieved a remarkable milestone, as its Bitcoin holdings now exceed $20 billion in value, following Bitcoin’s surge above $80,000. The company’s investment strategy has yielded a 104% profit on its 252,200 Bitcoin, valued at $20.54 billion, according to the “Saylor Tracker,” named after Executive Chairman Michael Saylor. Having purchased Bitcoin 42 times at an average cost of $39,292, MicroStrategy’s aggressive strategy has firmly established it as the largest corporate holder of Bitcoin, dwarfing other significant holders like Marathon Digital and Riot Platforms. Looking ahead, MicroStrategy is set to embark on an ambitious “21/21” funding plan to acquire an additional $42 billion in Bitcoin over the next three years, further solidifying its commitment to the cryptocurrency.

Saylor Tracker

For the week spanning November 4 to November 8, 2024, the U.S. Bitcoin ETFs observed a net inflow of 14,980 BTC, indicating sustained interest and investment activity in the cryptocurrency market. Leading the inflows, BlackRock’s Bitcoin ETF (Ticker: IBIT) experienced a significant increase, adding 13,568 BTC to its holdings. Fidelity’s Bitcoin ETF (Ticker: FBTC) also saw robust growth, with an additional 2,650 BTC.

On the other hand, some funds registered outflows. Grayscale’s GBTC (Ticker: GBTC) had a net decrease of 1,128 BTC, and ARK’s Bitcoin ETF (Ticker: ARKB) saw a decline of 674 BTC. Similarly, VanEck’s (Ticker: HODL) and Franklin Templeton’s (Ticker: EZBC) funds faced reductions of 339 BTC and 348 BTC, respectively.

Other funds like Bitwise (Ticker: BITB), Grayscale’s BTC fund (Ticker: BTC), Valkyrie’s (Ticker: BRRR), and Invesco Galaxy’s (Ticker: BTCO) posted gains, contributing to the overall positive weekly net flow.

This week’s activity brings the total holdings across these ETFs to 1,019,938 BTC, valued at approximately $81.4 billion. The net inflow suggests investor optimism and active engagement within the Bitcoin ETF sector.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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