A recent analysis from Bitcoin Magazine Pro showcases the power of dollar-cost averaging (DCA) in Bitcoin compared to traditional assets like gold, Apple stock, and the Dow Jones Industrial Average (DJI). The data reveals that consistently investing $10 weekly into Bitcoin over the last five years would have grown a total investment of $2,620 into $7,913.20, reflecting a remarkable 202.03% return.

In contrast, the same $10 weekly investment in gold yielded a return of 34.47%, growing the initial $2,620 to $3,523.06. Apple stock also performed well, with a 79.13% return,…

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A wallet linked to the US government recently transferred over 10,000 Bitcoin (BTC), as per data from Arkham Intelligence. This transfer follows a significant $2 billion Bitcoin transaction by the government in late July, which led to a 1.2% dip in Bitcoin’s price. Currently, Bitcoin is trading around $59,000, down 3% in the last 24 hours. The transferred Bitcoin eventually reached Coinbase Prime, a leading crypto exchange.

With over 203,200 BTC in its possession, the US government is the largest national holder of Bitcoin globally, valued at around $12 billion. These holdings largely stem from law enforcement actions, including the Silk Road seizure. Besides Bitcoin, the government also controls over 50,000 Ether (ETH), worth approximately $134 million. Arkham Intelligence reported that 300 ETH, valued at about $699,000, was moved to a new wallet earlier this month.

The State of Wisconsin Investment Board has significantly increased its stake in Bitcoin. According to a recent SEC filing, the board now holds 2,898,051 shares of the iShares Bitcoin Trust, valued at $98.9 million as of June 30. This marks a substantial rise from the 2,450,400 shares reported in May. This move reflects growing confidence in cryptocurrency as a viable investment option. By boosting its Bitcoin holdings, Wisconsin joins a growing number of institutional investors embracing digital assets, signaling a positive outlook for the future of cryptocurrencies.

SEC Filing

The State of Wisconsin Investment Board (SWIB) has increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT), according to a new SEC filing today, as first reported on X by MacroScope. 

In an SEC filing today, the State of Wisconsin Investment Board reported owning 2,898,051 shares of the iShares Bitcoin Trust as of June 30 (valued at $98.9 million as of that date).This is an increase from the 2,450,400 shares that Wisconsin previously reported in May.…

— MacroScope (@MacroScope17) August 14, 2024

As of June 30, the board owns 2,898,051 shares, valued at $98.9 million. This marks a substantial increase of 447,651 shares from the 2,450,400 shares reported in May. Notably,…

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On August 14, 2024, the net flow of Bitcoin across various U.S. ETFs demonstrated mixed activity with both substantial inflows and minor outflows. BlackRock’s IBIT saw the most significant net inflow of +569 BTC, bringing its total holdings to 348,564 BTC. Fidelity’s FBTC also experienced a robust net inflow, gaining +372 BTC.

Bitwise’s BITB and Invesco Galaxy’s BTCO saw positive net inflows of +272 BTC and +153 BTC respectively, suggesting healthy investor interest. Additionally, Grayscale’s BTC fund increased by +133 BTC.

Conversely, Grayscale’s GBTC faced a net outflow of -209 BTC, indicating some investor retreat. ARK Invest’s ARKB also experienced a slight outflow of -100 BTC. Funds like VanEck’s HODL, Valkyrie’s BRRR, and Franklin Templeton’s EZBC reported no change in their Bitcoin holdings.

In total, the Bitcoin holdings across these ETFs stood at 907,949 BTC, with a net daily inflow of +1,190 BTC, equivalent to an approximate increase in value of $70.3 million. This overview highlights the diverse strategies and market responses among major U.S. Bitcoin ETFs.

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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