Transaction URL: https://tronscan.org/#/transaction/cd217a14ac4d254b16c20f5986c1299ebc341ef4f8d3d8743b2597d71ed0a247
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The price of MicroStrategy stock surging above $200 last week, the MSTR bulls were out in force last week, insufferably posting about how Michael Saylor’s tech firm, a once dead tech company from the dot-com era, will outperform everything again this cycle.
Look, I’m not going to even start parsing the hokum. You can follow BitPaine, Dan Hillery, or one of the hundreds of Bitcoin X accounts which now comprise the MSTR bull twitterverse.
There’s videos, threads, and of course, a lot of people who are irresponsibly long…
But the general gist is this:
Michael Saylor’s has decided to buy over 200,000 BTC, and to keep buying Bitcoin until the fiat system collapses. He will continue… Read more on BitcoinMagazine
Germany’s Samara Asset Group (SRAG) is set to energize the cryptocurrency sector by issuing a €30 million bond, aimed primarily at expanding its bitcoin reserves. With Pareto Securities orchestrating the process as the sole manager, this senior secured Nordic bond will finance the acquisition of additional stakes in alternative investment funds and boost the company’s bitcoin holdings. Patrik Lowry, CEO of Samara, highlights this strategic move to solidify their financial base and venture further into emerging technologies.
Bitcoin, as Samara’s primary treasury reserve asset, underscores the firm’s commitment to digital currency. The proceeds from the bond issue will not only enhance Samara’s liquidity but also strengthen its diverse investment portfolio. The bond, guaranteed by Samara Asset Holdings Ltd., will be available for subscription on the Oslo and Frankfurt stock exchanges, starting from a minimum of €100,000.
Expressing his optimism, Lowry took to X to share his vision, affirming Samara’s long-term strategy in cryptocurrency. “We are forever #HODL’ers and believe technology best drives humanity forward!” This initiative marks a significant step towards integrating traditional financial strategies with the innovative realm of cryptocurrencies.
Monochrome Asset Management is set to revolutionize the Australian market by launching the nation’s first spot Ethereum ETF on the Cboe this Monday. The launch follows the successful debut of their Bitcoin ETF earlier in August, which attracted substantial investor interest with a collection of $15 million. Monochrome’s new Ethereum ETF (IETH) introduces a unique feature allowing in-kind subscriptions and redemptions, which can lead to significant tax benefits.
CEO Jeff Yew highlighted the innovative dual-access bare trust structure of the ETF, designed to avoid triggering a capital gains tax event upon transfers. This structure ensures that investors maintain legal and beneficial title to their Ethereum, making it as if they directly own the assets. This could set Monochrome apart from its competitors and appeal to long-term crypto investors.
The fund’s anticipation builds as DigitalX also receives regulatory approval for its Bitcoin ETF on the ASX, signaling a growing institutional acceptance of cryptocurrency products in Australia. Monochrome aims to capitalize on this momentum by offering lower management fees and direct Ethereum ownership through regulated, liquid fund structures.
The weekly net flow of U.S. Bitcoin ETFs from October 7 to 11, 2024, shows diverse trends across various funds. BlackRock’s Bitcoin ETF (Ticker: IBIT) leads with a substantial inflow of 2,168 BTC, reinforcing its dominant position in the market. Fidelity (Ticker: FBTC) and Bitwise (Ticker: BITB) also saw notable inflows, adding 502 BTC and 801 BTC, respectively.
On the negative side, ARK’s Bitcoin ETF (Ticker: ARKB) experienced the largest outflow, losing 954 BTC, followed by Invesco Galaxy (Ticker: BTCO), which shed 913 BTC. Grayscale’s GBTC fund saw a decrease of 437 BTC, while their BTC fund also declined by 356 BTC.
Overall, the total holdings of all listed ETFs reached 922,518 BTC, with a combined net inflow of 980 BTC, valued at approximately $61.2 million. This variation in net flows reflects both positive and negative sentiment from investors and provides insights into how different Bitcoin ETFs are performing over time in the current market conditions.
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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The state of crypto ETFs: Permissionless edition
We’ve already noted there has been plenty of regulatory talk at Permissionless.
ETFs were also a major point of discussion following the milestone launches of US spot bitcoin and ether funds in January and July, respectively.
The bitcoin ETF chatter focused, in part, on the buyers driving the so-far $18.6 billion of net flows into the segment.
“The industry had an expectation that was summed up by: ‘Here come the boomers,’” Bianco Research’s Jim Bianco said…
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The notion that a (former) president of the United States would throw his support behind a DeFi project would’ve been inconceivable just a few years ago, but it’s happening.
The Trump-backed World Liberty Financial (WLF) project submitted on the Aave governance forums a proposal to deploy an Aave v3 instance on Wednesday.
WLF is not technically a fork of Aave’s code, as confirmed by Aave founder Stani Kulechov on the Chopping Block podcast.
On the backend, WLF seems to be a segregated instance of its own “Aave” from the…
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Bitcoin miners have always been a reliable indicator of the overall sentiment within the market. By tracking their earnings and actions, we can get a sense of where the price of BTC might head next. In this article, we’ll explore the latest trends in Bitcoin mining, how miners are reacting to current market conditions, and what we can learn from key indicators to gauge how Bitcoin miners are positioning themselves for the coming weeks and months.
State of Miner Earnings
One of the best ways to assess Bitcoin miner sentiment is to examine their earnings in relation to historical data. This can be done using The Puell Multiple, which measures current miner earnings against the yearly average…
Read more on BitcoinMagazine